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Telenor raises EBITDA margin target after strong Q2 growth

2017-07-17 08:28:00| Telecompaper Headlines

(Telecompaper) Telenor reported a small net loss for the second quarter, of NOK 167 million versus a profit of NOK 1.111 billion a year ago. Adjusted EBITDA was still up 11.8 percent to NOK 12.719 billion, and the company raised its target for the full-year EBITDA margin. The margin in Q2 was up 4 percent points year-on-year to a record 40 percent, and Telenor expects a result of 38-39 percent over the full year, compared to a previous estimate of 37 percent.

Tags: strong growth target margin

 

Play IPO raises 1 billion

2017-07-17 02:00:00| Total Telecom industry news

Poland's Play last week revealed that its initial public offering (IPO) will raise €1.04 billion. The operator sold 121.57 million shares – which includes a 11…read more on TotalTele.com »

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Play raises EUR 1 billion in IPO

2017-07-14 14:59:00| Telecompaper Headlines

(Telecompaper) Play Communications, the owner of the Polish mobile operator P4, has priced its initial public offering of shares, the largest IPO in the telecommunications sector in Europe since June 2015. The share price was set at PLN 36 (PLN 30.06 for authorised employees), well below the maximum indicated level of PLN 44. This puts the total value of the offering at PLN 4.4 billion (approximately EUR 1.02 billion).

Tags: play eur billion ipo

 

UK's CMA raises concerns in FirstGroup and MTR contract over South Western franchise

2017-07-12 01:00:00| Railway Technology

The Competition and Markets Authority (CMA) in the UK has raised concerns over the award of the South Western franchise to FirstGroup and Hong Kong's MTR, following an investigation into the development that began in May.

Tags: south western contract concerns

 

STARZ PLAY Arabia raises $125 million in funding

2017-07-11 19:40:39| Digital TV News

STARZ PLAY has announced that the service has raised a total of US$125 million since inception, including new 2017 commitments from investors Starz (NYSE: LGF.A, LGF.B), State Street Global Advisors (SSGA), SEQ Capital Partners and Delta Partners.

Tags: play million funding arabia

 

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