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Airtel agrees to sell Nigeria towers to ATC
2014-11-24 13:55:00| Telecompaper Headlines
(Telecompaper) American Tower Corporation and Airtel have entered into a definitive agreement for the sale of over 4,800 of Airtel's communications towers in Nigeria. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initial term. The agreement will allow Airtel to focus on its core business and customers, enable it to deleverage through debt reduction and will significantly reduce its on-going capital expenditures on passive infrastructure in Nigeria. American Tower and Airtel expect to close the acquisition during the first half of 2015, subject to customary closing conditions and regulatory approval. Airtel Africa CEO Christian de Faria said the agreement, which is part of a stated philosophy of promoting infrastructure sharing, will provide cost efficiencies and at the same time allows the company to sharpen its focus on the customer. No financial details of the transaction were disclosed.
Tags: sell
nigeria
agrees
towers
Visteon agrees to sell stake in S.Korean unit -reports
2014-11-24 05:27:48| Automakers - Topix.net
U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell all of its stake in South Korean unit Halla Visteon Climate Control Corp, according to reports in local media, sending Halla Visteon shares sliding to their lowest levels in over six months. One paper, Korea Economic Daily, said on Monday Visteon plans to sign a final deal to sell its 69.99 percent stake in Halla Visteon to South Korean private equity firm Hahn & Company next month.
Tags: sell
reports
unit
agrees
European Investment Bank Agrees GBP 168 Million Backing for Lincs Offshore Transmission Connection
2014-11-24 02:55:00| Transmission & Distribution World
The European Investment Bank has agreed to provide GBP 168 million for a new connection between the Lincs offshore wind farm and the UK national transmission network. read more
Tags: million
bank
connection
investment
Perry Ellis agrees Undergirl licensing deal
2014-11-18 11:37:00| Daily apparel & textile news and comment - from just-style.com
US apparel business Perry Ellis has entered into a license agreement with Undergirl for the design and distribution of intimates in the US and Canada.
Tags: deal
licensing
agrees
perry
Swank says Jones is a softy and he agrees.
2014-11-14 03:55:35| Apparel - Topix.net
The U.S. government now patrols nearly half the Mexican border by drones alone in a largely unheralded shift to control desolate stretches where there are no agents, camera towers, ground sensors or fences, and it... The U.S. government now patrols nearly half the Mexican border by drones alone in a largely unheralded shift to control desolate stretches where there are no agents, camera towers, ground sensors or fences, and it plans to... Warren Buffett's Berkshire Hathaway Inc. is buying the Duracell battery business from Procter & Gamble Co. in a deal valued at approximately $3 billion.
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