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MTS raises dividend forecast on Russian growth prospects

2014-02-04 15:55:00| Telecompaper Headlines

(Telecompaper) Russia and CIS operator MTS said it expects to pay more in dividends to shareholders in the coming years, as solid growth in its main markets supports on increase in cash flow. At an investor day in Moscow, MTS said it expects to pay out at least RUB 90 billion over 2014 and 2015, higher than previous years thanks to a rise in free cash flow and strong operating results. For 2014, MTS forecast 5 percent growth in its revenues and OIBDA growth of at least 6.5 percent. This is expected to slow in the following years, giving a CAGR of 3-5 percent for revenues and at least 2 percent in OIBDA over the period 2013-2016. MTS expects the overall Russian telecommunications market to grow at a CAGR of 3 percent during the forecast period, while the Moscow fixed-line market alone should reach 4 percent average annual growth. Revenues at its Moscow subsidiary, MGTS, are expected to grow as much as 10 percent per year through 2016, supported by the upgrade and expansion of its broadband services.

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Pipeline rupture report raises questions about TransCanada inspections

2014-02-04 08:01:00| Climate Ark Climate Change & Global Warming Newsfeed

CBC: A CBC News investigation has unearthed a critical report that the federal regulator effectively buried for several years about a rupture on a trouble-prone TransCanada natural gas pipeline. On July 20, 2009, the Peace River Mainline in northern Alberta exploded, sending 50-metre-tall flames into the air and razing a two-hectare wooded area. Members of Dene Tha First Nations community of Chateh, about 50 kilometres away from the site of the blast, also want to know why the report was not released...

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J.B. Hunt Raises Dividend by 33%

2014-02-03 17:57:31| Trucking - Topix.net

J.B. Hunt Transport Services Inc. said it is raising its dividend for shareholders by 33% to 20 cents per share.

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Torchlight Energy Raises Millions In Jan. Offering

2014-02-03 17:52:00| OGI

Torchlight Energy Resources Inc. raised $6.5 million in a private placement offering of stock and warrants completed Jan. 31, the company said Feb. 3.

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Keystone report raises pressure on Obama to approve pipeline

2014-02-02 21:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Pressure for President Barack Obama to approve the Keystone XL pipeline increased after a State Department report played down the impact it would have on climate change, irking environmentalists and delighting the project's proponents. But the White House signaled late on Friday that a decision on an application by TransCanada Corp to build the $5.4 billion project would be made "only after careful consideration" of the report, along with comments from the public and other government agencies....

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