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Tag: telecom
Telecom Egypt approves acquisition of MENA Cable from Orascom TMT, long-term credit facilities
2018-05-10 11:32:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) by 50 percent-owned subsidiary Egyptian International Submarine Cables Company, with a total enterprise value of USD 90 million to be financed through a shareholder loan from Telecom Egypt. MENA Cable is a subsidiary of Orascom Telecom Media and Technology Holding.
Tags: credit
facilities
cable
egypt
Elliott list secures two-thirds of Telecom Italia's board - report
2018-05-04 15:01:00| Telecompaper Headlines
(Telecompaper) A list of 10 candidates presented by activist fund Elliott Management has secured two-thirds of Telecom Italia's board seats following a shareholder vote held on 04 May, reports Reuters. A total of 49.84 percent of the shareholders present at the meeting voted in favor of the Elliott list, while 47.18 percent voted in favour of Vivendi's list led by current TIM CEO Amos Genish, with Vivendi CEO Arnaud de Puyfontaine proposed as non-executive chairman. The report added that Genish and de Puyfontaine will still be part of the board, together with three other Vivendi candidates, meaning that the French company and Elliott will have to have to find a way to work together after a two-month power struggle.
Tags: list
report
board
telecom
International Telecom Company Now Offering Solution for U.S. Waste Management Industry
2018-05-02 16:28:43| Waste Age
Wellness Telecom has expanded into the U.S. with its Smart Cities solution.
Tags: international
company
management
industry
Altice slapped with 124.5 million over acquisition of Portugal Telecom
2018-04-25 02:00:00| Total Telecom industry news
Global telecoms conglomerate, Altice, has been fined €124.5 million by the European Commission over its acquisition of Portugal Telecom. Altice acquired Portugal Telecom's assets from Brazilian operator, Oi, in a €7.4 billion deal. The European Commission fined Altice for completing the acquisition before it fulfilled its duties to sell off its existing assets in Portugal (namely Oni and Cabovisã…read more on TotalTele.com »
Tags: million
portugal
acquisition
telecom
Telecom Business Market Insight 2017 Q4
2018-04-24 16:24:21| Telecompaper Reports
In the Telecom Business Market Insight report Telecompaper analyses the Dutch business telecoms market, focusing on quantitative data up to Q4 2017. It offers a transparent and objective overview of the business market, through detailed insights into retail revenues and customer numbers. These are split into different types of telecom services.
Tags: business
market
insight
telecom
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