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Tag: sell
MTS to sell Allstream to Zayo for CAD 465 mln
2015-11-23 14:04:00| Telecompaper Headlines
(Telecompaper) Manitoba Telecom Services announced a binding agreement to sell its unit Allstream to Zayo Group for CAD 465 million cash. MTS said the transaction will bring it a stronger position to transform into a more customer-first business, leveraging its assets and position to deliver solid results in a competitive market. After closing costs, MTS expects to realise net proceeds of approximately CAD 425 million. The company said it will evaluate a number of capital allocation options available to it, including the retirement of debt incurred to fund its pension funding prepayment made earlier in 2015 and recent spectrum acquisitions.
Alibaba looks to sell stake in Meituan/Dianping entity
2015-11-23 09:40:00| Telecompaper Headlines
(Telecompaper) Alibaba wants to sell its 7 percent stake in the company created by last month's merger of Meituan.com and Dianping, which provide online movie ticketing, restaurant booking and other on-demand services, the Wall Street Journal reported, citing people familiar with the situation. The sources added that the company wants to focus on building up a competing platform of its own. The Alibaba deal could be worth about USD 1 billion, based on the valuations being discussed in Meituan-Dianping's current fundraising round, the people said.
Tags: sell
entity
alibaba
stake
VimpelCom and Global Telecom enter agreement to sell their operations in Zimbabwe
2015-11-18 10:54:01| Telecom - Topix.net
Telecel International owns 60% of Telecel Zimbabwe Ltd. Transfer of ownership to ZARNet will occur after customary conditions are satisfied. This release contains forward-looking statements.
Tags: enter
sell
global
agreement
How to sell movies in the land of piracy
2015-11-18 09:43:29| BBC News | Business | UK Edition
How Netflix managed to become so popular in Brazil
In The New Market Environment, Chemtura Is A Sell
2015-11-18 08:29:12| Electronics - Topix.net
The probable Fed hike in December may cause a few industries to show poor returns in the short-term, Barclays says in a Bloomberg article. Chemtura Corporation, a company of my choice, is a not a value play by either its market price or its fundamentals.
Tags: market
sell
environment
chemtura
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