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Vodafone Iceland parent Syn negotiates sale and lease-back of infrastructure

2020-10-26 09:37:00| Telecompaper Headlines

(Telecompaper) Vodafone Iceland owner Syn said it has reached an agreement with foreign investors on private negotiations and the main terms for a potential sale and leaseback of passive mobile phone infrastructure. The transaction would strengthen Syn's balance sheet and might yield a capital gain of over ISK 6 billion. Syn would then sign a 20-year lease-back agreement to ensure its continued access to the infrastructure.

Tags: sale parent infrastructure iceland


US govt asks Riot Games, Epic Games about data protocols with Chinese parent Tencent

2020-09-18 14:26:00| Telecompaper Headlines

(Telecompaper) The move follows US bans on ByteDance's TikTok, Tencent's WeChat and Huawei, in the name of national security.

Tags: data games chinese parent


Arm drops plan to spin off IoT operations to parent SoftBank

2020-08-25 11:49:00| Telecompaper Headlines

(Telecompaper) UK-based mobile chip company Arm has abandoned plans to spin off two IoT businesses to parent SoftBank, reports the Wall Street Journal. 

Tags: plan operations parent arm


Ann Taylor Parent Goes Bankrupt, Plans to Shut Over 1,000 Stores

2020-07-23 22:20:00| National Real Estate Investor

As part of its bankruptcy reorganization, Ascena Retail Group plans to close more than a half of its stores.

Tags: stores plans parent ann


Wrightbus parent company gave church 1.35m despite crisis

2020-02-18 07:42:34| BBC News | Business | UK Edition

The donation was made while the County Antrim bus builder was in deep financial trouble.

Tags: company parent gave church


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