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Orange sells remaining stake in BT for GBP 486 mln

2019-06-28 10:16:00| Telecompaper Headlines

(Telecompaper) Orange has completed the sale of its residual participation in BT Group for a net amount of GBP 486 million. The company said that it would sell approximately 248 million BT shares through a private placement, representing around 2.5 percent of the group's share capital, with settlement planned for 02 July. Of the total shares, around 41 million have been acquired by BT. Orange had previously said that BT would participate in the sale with a GBP 80 million irreducible order at the placement price.

Tags: orange remaining gbp sells

 

Apple to provide USD 100 mln to Japan Display financing package

2019-06-28 09:40:00| Telecompaper Headlines

(Telecompaper) Apple has agreed to contribute to the capital injection for Japan Display, one of its major suppliers, after other investors backed out of the restructuring package. Apple will contribute USD 100 million via the investment fund Harvest Tech. 

Tags: provide japan display package

 
 

Telenor Norway mulls appeal as NOK 788 mln competition fine is upheld

2019-06-20 09:32:00| Telecompaper Headlines

(Telecompaper) Telenor said that the Competition Complaint Board has upheld the Competition Authority's decision to impose an administrative fine of NOK 788 million on the operator for creating barriers to the creation of a third mobile network in Norway. Telenor had submitted an appeal against the fine in December 2018. CEO Petter-Bore Furberg said the Complaint Board decision had not been unanimous and Telenor has three months to appeal.

Tags: fine competition norway appeal

 

Honor sells over 1 mln Honor 20 phones in two weeks in China

2019-06-20 08:49:00| Telecompaper Headlines

(Telecompaper) Huawei's brand Honor announced it sold 1 million of its new Honor 20 smartphones in the first 14 days in China. This makes it the fastest selling flagship device yet from Honor.

Tags: in two china weeks

 

Facebook says Watch has 140 mln daily viewers, announces new content

2019-06-12 16:56:00| Telecompaper Headlines

(Telecompaper) Facebook has provided an update on its video service Watch and announced new features and contract. Launched worldwide last summer, Watch has grown to more than 720 million monthly viewers and 140 million daily users, the company said. 

Tags: content daily watch announces

 

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