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Tele2 raises outlook after strong Q2

2017-07-20 02:00:00| Total Telecom industry news

Tele2 on Wednesday raised its full year outlook following a strong second quarter financial performance. Revenue jumped 20% year-on-year to 7.99 billion kronor (€836.68 million), thanks largely to the acquisition of B2B provider TDC Sweden, and solid growth at its operating units in Kazakhstan and across the Baltics…read more on TotalTele.com »

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Vertical farm start-up Plenty raises $200m

2017-07-20 00:01:11| BBC News | Business | UK Edition

Japanese media giant SoftBank, Alphabet's Eric Schmidt and Amazon boss Jeff Bezos are among the firm's investors.

Tags: farm vertical plenty raises

Tele2 raises FY EBITDA target after growth accelerates in Q2

2017-07-19 08:25:00| Telecompaper Headlines

(Telecompaper) Tele2 has raised its guidance for EBITDA this year, driven by improving results in its growth markets the Netherlands and Kazakhstan and success with its challenger programme in Sweden and the Baltic markets. The company now expects annual EBITDA of SEK 6.26.5 billion compared to previous guidance of SEK 5.96.2 billion, while the capex budget was trimmed to SEK 3.63.9 billion from SEK 3.84.1 billion.

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NetLink IPO oversubscribed, raises SGD 2.35 billion

2017-07-18 14:21:00| Telecompaper Headlines

(Telecompaper) Singapore's NetLink NBN said its initial public offering of shares was two times oversubscribed, with demand for SGD 4.7 billion in shares. The wholesale network operator offered a total 2.713 million units to institutional investors and 185 million to the public in Singapore, at a price of SGD 0.81 per unit. This gives it gross proceeds of SGD 2.35 billion and a market capitalisation of SGD 3.1 billion.

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