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Option secures EUR 9 million in funding
2013-03-29 13:38:52| Semiconductors - Topix.net
The Company has secured EUR 9 million via the issue of a convertible bond. The funding is subscribed by 5 partners: the Flemish investment company PMV, thereby supporting further technological innovation in Flanders, for EUR 2 million, Athos Investment for EUR 1 million, Life Science Research Partners for EUR 0,5 million, Mondo for EUR 0,5 million ... (more)
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Telefonica sells EUR 975 mln in treasury stock
2013-03-26 10:51:00| Telecompaper Headlines
(Telecompaper) Telefonica has completed the accelerated bookbuilding offer of treasury stock launched on 25 March. The operator has completed the underwritten placement of 90.07 million treasury shares, representing 1.979 percent of its share capital, to qualified and professional investors. The stock was placed at EUR 10.80 per share. The amount of the sale is around EUR 975 million, which will be used to reduce debt.
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Iliad net profit down 26% to EUR 186.5 million in 2012
2013-03-19 08:41:00| Telecompaper Headlines
(Telecompaper) French telecom group Iliad reported a net profit down 25.9 percent to EUR 186.5 million in 2012, compared with EUR 251.8 million in 2011. The parent company of ISP Free and Free Mobile reported EBITDA up 10.6 percent to EUR 921.4 million, as a strong performance from the landline business more than offset a negative contribution from mobile, still in a start-up phase. Landline EBITDA increased by 16.1 percent to EUR 967.5 million, while mobile recorded a EUR 46.1 million EBITDA loss. The group invested nearly EUR 950 million in 2012, or around 30 percent of revenues.
Ziggo gets new EUR 800 mln facility, wants more
2013-03-18 09:26:00| Telecompaper Headlines
(Telecompaper) Ziggo has received commitments for a new EUR 800 million senior secured credit facility and that it has mandated Goldman Sachs and JP Morgan to set up a series of investor meetings in view of a potential additional refinancing, which may include a capital markets transaction. The new facility will consist of a EUR 400 million revolving credit facility and a EUR 400 million loan. Both will have a five-year maturity. Ziggo will use proceeds to partially refinance its existing senior secured credit facility. The cable provider said that there has been no material change in its trading or financial position since end December. Trends for RGUs are currently in line with RGU trends during Q4 2012, when it experienced increased churn as a result of a market developing towards triple-play, as well as increased competition from other operators. Ziggo plans to launch some new campaigns in Q2, focusing on customer loyalty and churn reduction. It reiterated its guidance for 2013, with EBITDA expected to rise 2.5-3.5 percent and revenue a bit more, and anticipates an increase in revenue momentum over the course of 2013 as marketing initiatives take effect. Capex for 2013 is expected at EUR 320-330 million.
Telecom Italia raises EUR 750 mln with hybrid bond
2013-03-14 09:11:00| Telecompaper Headlines
(Telecompaper) Telecom Italia has raised EUR 750 million in the issue of a subordinated bond, as part of its EUR 3 billion hybrid bond programme announced in February. Telecom Italia said strong demand for the 60-year bond allowed it to price the issue at a lower yield than the initial guidance. The fixed annual rate was set at 7.75 percent until the first call date in 2018. Additional coupon step-ups are planned, of 25 bps in 2023 and 75bps in 2038. Telecom Italia expects the rating agencies to classify the hybrid issue as half equity.
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