je.st
news
Tag: eur
Italy frees up EUR 2.2 bln for broadband expansion
2015-09-28 09:12:00| Telecompaper Headlines
(Telecompaper) Italy's Court of Auditors has finally freed up EUR 2.2 billion of public funds to begin work on the country's EUR 12 billion broadband expansion plan after the Council of Ministers passed the corresponding bill last month. The Court confirmed that priority would be given to southern rural zones (clusters C and D) that have been hitherto unable to attract private investment. However, only EUR 40 million of funds will be available next year, with EUR 350 million coming in 2017 and 2018, EUR 400 million in 2019, EUR 450 million in 2020 and 2021, and EUR 160 million in 2022. The announcement suggests the government has delayed its target of bringing high-speed broadband of 100 Mbps to 85 percent of Italy's population and 30 Mbps broadband to the rest of the country by two years, from 2020 to 2022.
Tags: eur
italy
expansion
broadband
Tele Columbus to acquire Pepcom for EUR 608 mln
2015-09-14 09:56:00| Telecompaper Headlines
(Telecompaper) Tele Columbus has agreed to acquire Pepcom, the fourth largest German cable network operator, from Star Capital. The purchase price amounts to EUR 608 million on a cash- and debt-free basis. The closing of the acquisition is subject to shareholder approval of a proposed capital increase of EUR 240 million. An extraordinary shareholders meeting is scheduled for 14 September. Following the takeover of Primacom in July and the Pepcom, Tele Columbus will serve in total 3.7 million customers.
Tags: eur
columbus
acquire
tele
Alcatel-Lucent cuts outgoing CEO's payout to EUR 8 mln
2015-09-11 14:25:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent has adjusted the remuneration package of its outgoing CEO, Michel Combes, to comply with the recommendations of the French National Committee for Corporate Governance (HCGE). The variable pluriannual remuneration will be capped at EUR 4.85 million, adjusted downward for 2015 depending on performance targets. It will also be paid in cash, rather than shares, calculated on the 20-day average until his last day of service on 31 August. The board reduced the payout for Combes' non-compete clause to EUR 3.1 million. The total remunation was cut to around EUR 8 million from EUR 13.7 million, after an outcry over the CEO's level pay when he only held the post for 2 years.
Google gives EUR 1 mln, sets up donations site for refugees
2015-09-07 09:26:00| Telecompaper Headlines
(Telecompaper) Google.org said it is donating EUR 1 million to organisations providing front-line humanitarian relief to migrants and refugees in Europe, the Middle East and Northern Africa. The organisation, such as International Rescue Committee, Medecins Sans Frontieres, are providing essential assistance, including shelter, food and water, and medical care, to people in dire need. Google also said it was creating a public site to help people make their own donations, adding that it will be matching Googler donations as well.
Turkey 4G auction raises EUR 3.4 billion
2015-08-26 17:56:00| Telecompaper Headlines
(Telecompaper) The 4G auction in Turkey has raised a total of almost EUR 3.4 billion, compared to reserve prices of in total EUR 2.3 billion. Turkcell will pay the most, a total of EUR 1.62 billion, Avea EUR 955 million and Vodafone Turkey 778 million, according to local paper Hurriyet. The one-day, oral auction run by the Information and Communication Technologies Agency offered 20 lots of frequencies in the 800, 900, 1,800, 2,100 and 2,600 MHz bands. The operators will be required to launch 4G services by next April. The spectrum awards remain subject to final approval by the regulator.
Tags: eur
auction
turkey
billion
Sites : [48] [49] [50] [51] [52] [53] [54] [55] [56] [57] [58] [59] [60] [61] [62] [63] [64] [65] [66] [67] next »