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Tag: business
Millicom to sell DR Congo business to Orange for USD 160 mln
2016-02-08 09:01:00| Telecompaper Headlines
(Telecompaper) Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange. The transaction is subject to regulatory approvals. In a statement, Millicom said it will sell 100 percent of the share capital in the holding company Oasis for a total cash consideration of USD 160 million. Mauricio Ramos, CEO of Millicom said the sale of Tigo DRC is in line with the group's strategy of supporting consolidation and concentrating resources in its most promising markets. Millicom said it will use the proceeds from the sale to strengthen its balance sheet allowing the company to reinvest in its existing Latin American and African markets, improving earnings and cash flow and reducing leverage.
Tags: business
sell
orange
usd
GoLocalProv | Business | Providence Geeks to Host Co-Founders of Focal Upright on Wednesday
2016-02-08 08:59:37| Furniture - Topix.net
The Providence Geeks will how their first dinner on Wednesday, February 10 from 5:30 p.m. to 8 p.m. at AS220. Admission is free.
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business
wednesday
host
Results of U.S. Architectural Coatings Industry Research Report Which Compared Business Trends in 4Q
2016-02-08 06:00:00| Coatings World Breaking News
Tags: business
results
report
research
Michael Kors has identified a huge weakness in its business - and it should terrify Macy's
2016-02-08 05:03:46| Apparel - Topix.net
Despite strong gains in the overall business, the handbag retailer says it saw a decline in North American mall traffic. "We believe that mall traffic in North America is going to continue to decline," Idol said.
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business
should
michael
3. GM sacrifices rental sales to nab higher-margin business
2016-02-08 04:51:45| Automakers - Topix.net
GM wants to reallocate rental volume to more profitable channels, such as retail sales or the other fleet segments, such as commercial, which includes vans, pickups and other vehicles sold to small businesses and big corporate users. DETROIT -- For a long time, General Motors relied on rental sales to make its monthly totals look better.
Tags: business
sales
rental
sacrifices
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