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Tag: telecom
Ambit Microsystem to buy stake in Asia Pacific Telecom
2014-05-27 08:34:00| Telecompaper Headlines
(Telecompaper) Taiwanese telecoms operator Ambit Microsystems has signed a letter of intent to buy over 70.5 percent of the private placement shares of Asia Pacific Telecom, Focus Taiwan reports. Under the agreement, Ambit will buy Asia Pacific's private offering of 582.9 million shares at a price of TWD 20 per unit. The deal is expected to have a total cost of TWD 11.66 billion, according to the report. Earlier this month, Asia Pacific Telecom said it was planning to issue 826.4 million new shares in a private placement to increase its paid-in capital by 25 percent, from TWD 33.056 billion to TWD 42.320 billion. Taiwan Star Cellular, as well as Japanese firm SoftBank were also interested in acquiring a participation in Asia Pacific Telecom. Under the letter of intent, Ambit will be able to purchase the remaining shares at the same price within one year. Asia Pacific Telecom said Ambit is expected to complete the acquisition by 29 June, which will allow the firm to hold an around 14 percent stake in the company, becoming its largest shareholder. Ambit Microsystems is a subsidiary of electronics manufacturer Hon Hai Precision Industry.
Tags: buy
asia
pacific
telecom
Etisalat drops offer for outstanding Maroc Telecom shares
2014-05-27 02:00:00| Total Telecom industry news
Stock exchange exempts operator from launching full takeover bid.
Tags: offer
outstanding
shares
telecom
Telecom Completes First Stage of Re-engineering Programme
2014-05-26 08:44:26| Telecom - Topix.net
Telecom announced today it has successfully implemented over the last week the first stage of its programme to reengineer and update key customer service IT platforms.
Tags: stage
programme
telecom
completes
Schnurman: AT&T hopes to usher in another telecom revolution
2014-05-25 10:41:39| Telecom - Topix.net
Last week, AT&T unveiled a deal to buy DirecTV for $67 billion, including debt. To put the price tag in perspective, it's higher than the stock market value of American Airlines, Southwest and United combined.
Tags: att
revolution
telecom
hopes
Generali looks to quit Telecom Italia investment group in June
2014-05-23 20:05:28| Telecom - Topix.net
Italian insurer Generali is looking to leave the investment grouping through which it jointly controls Italy's biggest phone group Telecom Italia as early as June, its chairman said on Friday.
Tags: group
june
italia
investment
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