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Turkey 4G auction raises EUR 3.4 billion

2015-08-26 17:56:00| Telecompaper Headlines

(Telecompaper) The 4G auction in Turkey has raised a total of almost EUR 3.4 billion, compared to reserve prices of in total EUR 2.3 billion. Turkcell will pay the most, a total of EUR 1.62 billion, Avea EUR 955 million and Vodafone Turkey 778 million, according to local paper Hurriyet. The one-day, oral auction run by the Information and Communication Technologies Agency offered 20 lots of frequencies in the 800, 900, 1,800, 2,100 and 2,600 MHz bands. The operators will be required to launch 4G services by next April. The spectrum awards remain subject to final approval by the regulator. 

Tags: eur auction turkey billion

 

ACCC ruling raises hopes for Brisbane-Shanghai air link

2015-08-26 15:19:38| Airlines - Topix.net

A decision by Australia's competition regulator to green-light a deeper alliance between Qantas and China Eastern has raised Brisbane Airport Corporation's hopes of direct flights between the Queensland capital and Shanghai. As part of the co-operation, China Eastern proposed to open up new routes between China and Australia, including between its home base Shanghai and Brisbane.

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Indian Government raises $1.4bn through sale of 10% stake in Indian Oil

2015-08-26 01:00:00| Hydrocarbons Technology

The Government of India has sold 10% of its stake in state-owned oil giant Indian Oil (IOC) for Rs93.79bn ($1.4bn).

Tags: sale government oil indian

 

Hormel Foods reports third quarter earnings and raises full year earnings guidance

2015-08-26 00:50:35| Food - Topix.net

Hormel Foods Corp. reported record performance for the fiscal year 2015 third quarter. On a GAAP basis, the company reported fiscal 2015 third quarter net earnings of $146.9 million, up 6 percent from net earnings of $138.0 million a year earlier.

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Annapolis wireless network startup Link Labs raises $5.7M

2015-08-25 20:57:40| Wireless - Topix.net

Annapolis startup Link Labs LLC has raised $5.7 million as the company moves from developing its technology to going after early clients. The Series A round was led by TCP Venture Capital, with investments from the Maryland Venture Fund, Blu Venture Investors and Inflection Point Partners.

Tags: link network wireless labs

 

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