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Millicom takes 24% stake in Helios Towers Africa
2015-10-08 02:00:00| Total Telecom industry news
Telco to exchange holdings in towers companies in Ghana, DRC and Tanzania for stake in parent company.
Tags: takes
africa
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Millicom gets 24% stake in Helios Towers Africa
2015-10-07 19:02:00| Telecompaper Headlines
(Telecompaper) Millicom and Helios Towers Africa (HTA) Africa's telecommunications tower company, have announced that Millicom will own 24 percent of shares in HTA on a fully diluted basis following a shareholding reorganisation. As a result of the reorganisation, Millicom will exchange shares which were previously held in HTA's tower companies in Ghana, DRC and Tanzania, into shares in HTA's parent company. This transaction will simplify the share ownership structure of HTA, align interest among shareholders and move Millicom's shareholding to the parent HTA company. The transaction does not change access to commercially sensitive information, which is held exclusively by HTA. In 2010, HTA acquired, through its different operating companies, a portfolio of 2,450 Millicom-owned towers in Ghana, DRC and Tanzania. At that time, Millicom retained equity stakes in the individual tower companies. These equity positions are now being exchanged for shares in HTA. HTA recently raised USD363 million in new equity from existing and new shareholders to fund acquisitions and new growth in existing markets. The share exchange is being undertaken at the same valuation as the funding round.
Tags: africa
stake
towers
helios
Vivendi increases Telecom Italia stake to 19.9%
2015-10-06 11:04:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia from its current holding of 15.5 percent to 19.9 percent of the capital. Vivendi has been the Italian operator's largest shareholder since June, when it received 8.24 percent of shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT and purchased 6.66 percent of additional shares. The French group subsequently increased its holding to just under 15.5 percent in September and has now raised that stake to just under 20 percent by spending EUR 3.054 billion on the market at a price of around EUR 1.14 per ordinary share. In a statement Vivendi said its new investment served to confirm its intention to support Telecom Italia over the long term and to develop its activities in southern Europe.
Tags: italia
increases
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Nelson Peltz Takes $2.5B Stake in GE
2015-10-06 04:51:28| Chemicals - Topix.net
It was a good description for the markets on Monday as the major market averages all finished up at least 1.5%. The Dow jumped 304 points, and at the high rose 326 points.
Two funds in talks to buy over $1 billion Cablevision stake
2015-10-05 18:21:23| Telecom - Topix.net
Canada Pension Plan Investment Board and private-equity firm BC Partners are in talks to acquire more than $1 billion in Cablevision Systems Corp. shares as part of Altice NV's takeover of the U.S. cable provider, according to people familiar with the matter. The amount hasn't been finalized and a deal could still fall apart, the people said, asking not to be identified because the negotiations are confidential.
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