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Tag: debt
Telecom Italia scraps 2013 dividend, meets debt target
2014-03-07 09:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a full-year net loss of EUR 674 million in 2013, the third straight annual deficit, as sales fell 9.1 percent to EUR 23.41 billion. The full-year result reflected goodwill writedowns of EUR 2.2 billion made in the first half of the year, without which the group profit would have been EUR 1.5 billion. EBITDA for the year fell EUR 985 million to EUR 9.54 billion with the EBITDA margin coming in at 40.8 percent. The company confirmed that it had met its debt target of EUR 27 billion, having cut debt by EUR 1.48 billion to EUR 26.81 billion, after selling assets including its stake in Telecom Argentina. It also scrapped its dividend for ordinary shares for the first time in its history as a public company, but confirmed that it will pay a dividend of EUR 0.0275 on its saving shares and will remunerate all shareholders next year as it expected a smaller decline on its domestic revenue in 2014. In Italy revenues fell by 9.6 percent to EUR 16.18 billion, affected by cuts to mobile termination rates that came into force in July 2013, intense competition and a worsening economic outlook. EBITDA dropped 10.7 percent to EUR 7.74 billion, while EBITDA margin came in at 47.9 percent, 0.6 percent down on 2012. However, there were signs of recovery in the fourth quarter of 2013, with revenues dropping 7.7 percent to EUR 4.11 billion, compared to drops of 9.1 percent in the third quarter and 10.5 percent in the first quarter of 2013.
Tags: target
italia
debt
meets
Rogers Communications Inc. Announces Pricing of US$750 million Offering of US Dollar Debt Securities
2014-03-04 15:12:02| Telecom - Topix.net
The net proceeds from the issuance of these US dollar debt securities will be approximately cash investment required to acquire twenty year licenses for two blocks of contiguous, paired lower 700 MHz band spectrum located in the key rural and urban locations across The US dollar debt securities will be issued pursuant to a prospectus supplement and ... (more)
Tags: million
communications
offering
pricing
Februarys top stories: SunEdison debt financing, Ameren's transmission project
2014-03-03 01:00:00| Power Technology
SunEdison has completed a debt financing deal with Deutsche Bank for the construction of photovoltaic (PV) plants in the UK, and Ameren Transmission Company of Illinois will build the $1.1bn Illinois Rivers transmission project. Power-technology.com
Tags: top
project
stories
transmission
SunEdison completes debt financing for UK solar power projects
2014-02-27 01:00:00| Power Technology
US-based solar technology manufacturer SunEdison has announced the completion of debt financing deal with Deutsche Bank for the construction of photovoltaic (PV) plants in the UK.
Tags: power
projects
debt
financing
Ag trends: Debt concentration, cycles and new farmers, bankers
2014-02-25 23:42:00| Corn & Soybean Digest
David Kohl's Road Warrior travels took him to the National Agricultural Bankers Conference, where he moderated sessions, and also took some in. He noted some themes at the conference, including debt concentration among farmers, new bankers and farmers as well as cycles in agriculture. Road Warrior read more
Tags: trends
debt
concentration
cycles
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