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Vodafone Germany to invest extra EUR 2 billion in gigabit broadband
2017-09-11 08:59:00| Telecompaper Headlines
(Telecompaper) Vodafone Germany announced plans to invest an extra EUR 2 billion by the end of 2021 to roll out gigabit broadband services. The investment will include a combination of FTTP and upgrading its cable network.
Tags: germany
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Telefonica Colombia confirms EUR 1.8 bln capital hike, pays EUR 472 mln fine
2017-08-30 11:40:00| Telecompaper Headlines
(Telecompaper) Telefonica announced that it has come to an agreement with the Colombian government to increase the capital of its subsidiary Colombia Telecomunicaciones (Coltel) by around EUR 1.37 billion to pay debt owed to asset management fund Parapat. The company said its capital injection into ColTel will amount to around EUR 925 million and will fully settle its obligations with Parapat, the consortium that owns the telecommunications assets and manages the pension funds of the former companies that resulted in Coltel. Telefonica and the Colombian government also announced a further EUR 472 million capital increase in proportion to their respective stakes to comply with a Colombian arbitration fine for breaching a government contract for mobile services.
Tele2 exits Austria in sale to 3 Group for EUR 95 mln
2017-07-28 12:38:00| Telecompaper Headlines
(Telecompaper) Tele2 has agreed to sell its Austrian business Tele2 Austria to Hutchison Drei Austria for an enterprise value of EUR 95 million. The transaction sees Tele2 narrow its focus further to growth markets, while the deal means 3 Group will expand into the fixed market in Austria.
Digi acquires Invitel for EUR 140 mln
2017-07-24 07:22:00| Telecompaper Headlines
(Telecompaper) Romanian operator Digit, which listed on the capital market in Bucharest in May, has bought Hungarian operator Invitel Tavkozlesi for EUR 140 million. The takeover expands Digi's subscriber base by nearly 0.7 million. The shares were bought from China Central and Eastern Europe Investment.
Play raises EUR 1 billion in IPO
2017-07-14 14:59:00| Telecompaper Headlines
(Telecompaper) Play Communications, the owner of the Polish mobile operator P4, has priced its initial public offering of shares, the largest IPO in the telecommunications sector in Europe since June 2015. The share price was set at PLN 36 (PLN 30.06 for authorised employees), well below the maximum indicated level of PLN 44. This puts the total value of the offering at PLN 4.4 billion (approximately EUR 1.02 billion).
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