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Tag: eur
Apple raises EUR 2.8 billion in bond issue
2014-11-05 09:02:00| Telecompaper Headlines
(Telecompaper) Apple has raised EUR 2.8 billion in a bond issue, according to SEC filings. The company issued EUR 1.4 billion of notes due 2022 with a coupon of 1.0 percent and EUR 1.4 billion of notes due 2026 with interest of 1.625 percent. Both the issues will be listed on the New York Stock Exchange and are rated AA+ by S&P.
Altice bids over EUR 7 billion for PT Portugal
2014-11-03 08:30:00| Telecompaper Headlines
(Telecompaper) Altice has made a binding offer to acquire the Portuguese assets of Portugal Telecom from Oi for EUR 7.025 billion. The offer excludes PT's assets in Africa and the Rio Forte debt securities, Oi treasury shares and Portugal Telecom financing companies. Altice said the bid gives PT Portugal an enterprise value of EUR 7.025 billion on a cash- and debt-free basis. It includes a EUR 400 million earn-out related to the future revenue generation of Portugal Telecom and a EUR 400 million earn-out based on future operating free cash flow (EBITDA less capex). If accepted, the bid would be financed by new debt and existing cash from Altice. Altice is already active in Portugal through the cable operator Cabovisao. Oi has been looking to sell the PT assets in order to reduce debt and give it the financial flexibility to participate in consolidation underway in its home market Brazil.
Stora Enso Plans EUR 27 Million Project to Increase Production of Board Machine at Imatra Mills
2014-10-24 10:08:43| Paper - Topix.net
Stora Enso has slated EUR 27 million to increase the production capacity of a board machine by 20,000 tpy at its Imatra Mills in Finland. Oct. 23, 2014 - Stora Enso said that it will invest EUR 27 million in an upgrade project involving consumer board machine 5 at the company's Imatra Mills' Tainionkoski unit in Finland.
Tags: board
project
increase
eur
EC fines Deutsche Telekom EUR 69.8 million
2014-10-16 09:03:00| Telecompaper Headlines
(Telecompaper) The European Commission has imposed a fine of EUR 38.838 million on Slovak Telekom and its parent Deutsche Telekom for having pursued during more than five years an abusive strategy to shut out competitors from the Slovak market for broadband services. The conclusion came after an in-depth investigation which started in 2009 for Slovak Telekom and in December 2010 for Deutsche Telekom. In particular, the EC concluded that Slovak Telekom refused to supply unbundled access to its local loops to competitors, and imposed a margin squeeze on alternative operators. Deutsche Telekom as parent company with decisive influence is also responsible for the conduct of its subsidiary; it is therefore jointly and severally liable for Slovak Telekom's fine. Deutsche Telekom also received an additional fine of EUR 31.07 million to ensure sufficient deterrence as well as to sanction its repeated abusive behaviour (recidivism) as it had already been fined in 2003 for a margin squeeze in broadband markets in Germany.
Tags: eur
million
deutsche
fines
EC launches EUR 2.5 bln public-private big data partnership
2014-10-13 16:17:00| Telecompaper Headlines
(Telecompaper) The European Commission has signed a memorandum of understanding with the Big Data Value Association that will see EUR 2.5 billion allocated to a series of big data projects between 2015 and 2020. The EC itself has earmarked EUR 500 million in funding from Horizon 2020, with private partners pledging to at least quadruple that figure. The aim is to open up 30 percent of the global data market for European suppliers, creating some 100,000 new data-related jobs by 2020. The EC said added benefits could include 10 percent lower energy consumption, better health-care outcomes and more productive industrial machinery. Presenting the partnership, outgoing EU digital economy commissioner Neelie Kroes described data as "the motor and foundation of the future economy", adding that "every kind of organisation needs the building blocks to boost their performance, from farm to factory, from the lab to the shop floor." Kroes signed the MoU with Jan Sundelin, president of Big Data Value Association, representing companies such as Atos, Nokia, Orange, SAP, Siemens, as well as research bodies such as Fraunhofer and the German Research Centre for Artificial Intelligence.
Tags: data
big
eur
partnership
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