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Tele2 to share in profits if VTB sells Tele2 Russia
2013-04-02 09:33:00| Telecompaper Headlines
(Telecompaper) Tele2 said it will share in the profits if VTB decides to sell on Tele2 Russia to another company. The company issued a statement after several Russian companies said they were interested in acquiring Tele2 Russia for a higher price. Tele2 said the definitive agreement to sell Tele2 Russia to VTB "was based on its experience in owning and successfully developing Tele2 Russia over many years, and a full awareness of all strategic options available to Tele2 with respect to its Russian business". The operator was advised by Morgan Stanley as financial adviser and Davis Polk and Mannheimer Swartling as legal and regulatory advisers. Under the terms of the transaction, which is expected to be completed shortly, Tele2 said it has rights for a period of 12 months after closing to half of the net cash profits obtained by VTB from certain types of transfers of Tele2 Russia shares and assets to non-VTB Group entities. Meanwhile MTS has said it plans to go directly to Tele2 shareholders to lobby for its higher offer with rival Russian mobile operator Vimpelcom. Michael Hecker, who heads strategy for MTS, told the Wall Street Journal that "within minutes" of his company and Vimpelcom announcing an offer for Tele2 Russia, he was contacted by frustrated Tele2 shareholders willing to back the rival bid. The two companies hope Tele2 shareholders can convince the company to abandon the VTB deal for their own offer.
Tags: share
russia
profits
sells
Tonido Debuts Tablet Ready Android App to Access, Share and Stream Personal Media
2013-04-02 06:00:00| Industrial Newsroom - All News for Today
- New app optimized for Android tablets makes documents, videos, and music available across desktop and mobile devices -<br /> <br /> AUSTIN, Texas, -- Access media files from any location while enjoying the security, privacy and unlimited storage of a personal server with Tonido. Developed by CodeLathe, the leader in personal cloud software and services, Tonido lets individuals watch videos, listen to music, see photos and open documents that are stored on their computer right from their ...This story is related to the following:Content Management Software | Client Server Software
Tags: personal
media
access
share
Choosing Which Unilever Share Class Is Right For You
2013-04-02 04:17:54| Food - Topix.net
Ever wonder why some companies seem to have two listings, and two different prices on those listings? In earlier articles, I have investigated the dual-share class structure for these two companies: For this article I am looking at Unilever.
Tags: you
share
class
choosing
Choosing Which Unilever Share Class Is Right For You
2013-04-02 01:38:40| Industrial Machines - Topix.net
Ever wonder why some companies seem to have two listings, and two different prices on those listings? In earlier articles, I have investigated the dual-share class structure for these two companies: For this article I am looking at Unilever.
Tags: you
share
class
choosing
March 2013 US Auto Sales Forecast: Up 5.3% From Last Year With GM Leading In Market Share
2013-04-01 18:41:40| Auto Dealers - Topix.net
U.S. new auto sales figures will be released by the world's top automakers on Tuesday, and so far, optimism abounds as the industry continues its path to recovery.
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