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Telia parts with its carrier business for around $1.1bn

2020-10-07 02:00:00| Total Telecom industry news

Swedish operator Telia is one of many telcos that have been gradually selling off their foreign infrastructure assets in order to focus on their home markets. Now the company has agreed to sell its carrier business to a group of Swedish pension funds under the Polhem Infra banner. The carrier business covers around 65,000 km of fibre and is used by around 900 telecoms companies in 115 countries…read more on TotalTele.com »

Tags: business parts carrier telia

Sage Completes Acquisition of Adients Automotive Fabrics Business

2020-10-05 15:46:42| Nonwovens Industry Breaking News

Purchase expands presence in Europe

Tags: business automotive acquisition sage

Chart Industries expands liquid hydrogen and LNG business with strategic agreements

2020-10-05 10:55:34| Green Car Congress

Tags: business industries strategic liquid

Teleste divests German Cableway service business to Circet Deutschland

2020-10-05 09:28:00| Telecompaper Headlines

(Telecompaper) Finnish network specialist Teleste said it will divest its Cableway services business in Germany to Circet Deutschland, a subsidiary of the Circet Group, for a preliminary net purchase price of EUR 8 million to be paid in cash at closing. The final purchase price depends on the net working capital and net debt at the closing date. The German Federal Cartel office will have to approve the transaction, which is expected to be completed in Q4. Teleste revised its strategy earlier this year to focus on technology business operations and services of higher added value that support those operations.

Tags: service business deutschland german