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Tag: stake
Tokyo Gas Takes First Majority Stake in US Shale Producer
2020-07-30 23:30:00| OGI
Tokyo Gas will pay about $620 million as it increases its ownership in Castleton Resources, a U.S. shale gas operator focused on being a consolidator of E&P assets in the Ark-La-Tex region.
Tags: takes
gas
majority
tokyo
KKR offers EUR 1.8 bln for stake in TIM's last-mile network - report
2020-07-30 10:39:00| Telecompaper Headlines
(Telecompaper) US private equity fund KKR has tabled a binding offer to acquire a minority stake in Telecom Italia's landline (copper and fibre) network, according to two unnamed sources cited by Reuters. KKR has been in exclusive talks with Telecom Italia (TIM) since February and has reportedly offered EUR 1.8 billion for a 38 percent stake in the FiberCop newco set up by the former incumbent for its last-mile network.
Tags: report
network
offers
eur
Blackstone Group to Buy LLOGs Stake in Gulf of Mexico Project
2020-07-29 12:00:00| OGI
The Blackstone Group, through portfolio company Beacon Offshore Energy, is buying LLOG Exploration's 31% holding in the $250 million Shenandoah project in the Gulf of Mexico.
Tags: group
buy
project
mexico
Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone
2020-07-15 13:17:00| Telecompaper Headlines
(Telecompaper) Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online.
Saudi Telecom extends Vodafone Egypt stake purchase until September
2020-07-13 09:26:00| Telecompaper Headlines
(Telecompaper) Saudi Telecom Company (STC) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt. STC said in a bourse statement that logistics challenges caused by the Covid-19 pandemic meant both parties need more time to complete the required procedures, including due diligence. Any material development with respect to the transaction would be announced to the bourse in due course.
Tags: september
purchase
egypt
telecom
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