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Telefonica sells Czech operator to PPF for EUR 2.5 billion

2013-11-05 09:35:00| Telecompaper Headlines

(Telecompaper) Telefonica has agreed to sell a majority stake in Telefonica Czech Republic to the private equity firm PPF. For the 65.9 percent stake, which includes also Telefonica Slovakia, PPF will pay EUR 2.467 billion (CZK 63.6 billion). This includes an initial payment of EUR 2.063 billion and EUR 404 million over the next four years. Telefonica will also receive a dividend of EUR 260 million from the Czech operator before the deal closes and maintain a 4.9 percent equity stake in the company. As part of an industrial and commercial partnership with the new owner, Telefonica Czech Republic will be renamed but continue to have rights to the O2 brand for four years. In addition, the company will become part of Telefonica's Business Partners Program. Telefonica said it will use the proceeds of the sale to reduce debt and realise a capital loss of EUR 56 million on the transation in Q3.

Tags: eur czech operator billion

 

PRESS RELEASE: As Travel Sector Continues Rebound, Foreign Independent Tour Operator Avanti Destinations Expands Portland Presence

2013-11-04 15:43:00| National Real Estate Investor

Gallen.Neilly In a sign that the rebound in the travel industry may well be sustained into the foreseeable future, Portland-based B2B tour operator Avanti Destinations is moving up to new Class A digs at Columbia Square in December, signing a new lease for approximately 50% more space than it currently occupies. Avanti has been headquartered at 1629 SW Salmon Street for the last four years. read more

Tags: travel press release tour

 
 

Utility Operator

2013-11-02 12:41:00| Latest beverage industry jobs - from just-drinks.com

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2014 Thameslink operator to run morning train service to London Luton Airport

2013-11-01 01:00:00| Airport Technology

London Luton Airport in the UK has announced that the operator of the new 2014 Thameslink, Southern and Great Northern franchise (TSGN) will run two hourly services between London St Pancras International and Luton Airport Parkway every day in the mo

Tags: service run london morning

 

VIDEO: Fukushima operator faces break up

2013-10-31 04:02:25| BBC News | Business | UK Edition

Tepco, the company behind the Fukushima nuclear plant, may be broken up more than two years on from the nuclear disaster. Rupert Wingfield-Hayes reports from Tokyo.

Tags: video break operator faces

 

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