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Tencent accelerates sales growth to 52% in Q2

2016-08-17 14:42:00| Telecompaper Headlines

(Telecompaper) Chinese internet services provider Tencent reported revenues in the second quarter up 52 percent year-on-year to CNY 35.691 billion (USD 5.382 billion), accelerating growth from an annual rate of 43 percent in Q1. Operating profit was CNY 14.329 billion, an increase of 43 percent year-on-year, while the operating margin fell to 40 percent from 43 percent a year ago. Net profit rose 47 percent to CNY 10.737 billion.

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House price inflation accelerates to 8.7% in June

2016-08-16 11:55:30| BBC News | Business | UK Edition

House prices across the UK rose by 8.7% in the year to June, according to official figures, a faster rate than in May.

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Enel accelerates fibre plans with Metroweb takeover

2016-07-29 13:06:00| Telecompaper Headlines

(Telecompaper) Enel said its its Enel Open Fiber (EOF) wholesale broadband business agreed to acquire competitor Metroweb, allowing the group to accelerate its plan to roll out a high-speed broadband network all over Italy in competition with Telecom Italia. Under the deal, Enel and existing Metroweb shareholder, the state lender Cassa Depositi e Prestiti (CDP) Equity (CDPE), will each hold a 50 percent stake in the combined EOF/Metroweb entity. Enel and CDPE will each participate in a EUR 714 million capital increase for EOF which will use the proceeds to acquire all shares in Metroweb, Enel said in a statement.

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