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Tag: sell
Beeline may sell fixed internet business - report
2013-01-30 13:26:00| Telecompaper Headlines
(Telecompaper) Russian operator Vimpelcom, working under the Beeline brand, is considering sell its consumer fixed internet business for around USD 1 billion, reports Vedomosti citing sources in the telecom and investment banking sectors. Beeline would hold on to the fixed internet business for enterprise customers. Beeline has held talks on the sale with the operators ER-Telecom and TTK, and a group of investors related to Russian businessmen Arkady and Boris Rotenberg has also expressed interest in the acquisition, the report said. Beeline last reported around 2.3 million fixed broadband customers at the end of Q3 2012, of which the vast majority use FTTB. It is the second-largest broadband operator in Russia.
Tags: internet
business
report
sell
Whim leads TV writer to Nebraska to sell gongs
2013-01-30 10:30:20| Auto Dealers - Topix.net
Andrew Borakove of Gongs Unlimited strikes a gong in his warehouse in Lincoln, Neb., Jan.
Tags: sell
leads
writer
nebraska
GE Oil & Gas signs agreement to sell proprietary electromagnetic telemetry technology
2013-01-30 01:00:00| Hydrocarbons Technology
GE Oil & Gas has signed an agreement with Sharewell Energy Services that will give GE exclusive worldwide rights to sell Sharewell's proprietary electromagnetic telemetry (EM) technology.
Tags: technology
sell
agreement
gas
Sappi Limited Downgraded to "Sell" at Ubs Ag
2013-01-29 17:21:07| Paper - Topix.net
Sappi Limited traded down 1.68% on Tuesday, hitting $3.51. Sappi Limited has a 52-week low of $2.57 and a 52-week high of $3.89. The stock's 50-day moving average is currently $3.57. The company has a market cap of $1.828 billion and a price-to-earnings ratio of 17.85. Sappi Limited last posted its quarterly earnings results on Thursday, November ... (more)
Tags: limited
sell
ubs
downgraded
Singtel to sell stake in Warid Telecom
2013-01-29 14:27:00| Telecompaper Headlines
(Telecompaper) Singtel has agreed to sell its 30 percent stake in the Pakistani operator Warid Telecom to the Abu Dhabi Group. This gives the latter 100 percent of Warid's shares. Singtel will receive USD 150 million plus a 7.5 percent share of the net proceeds from any future sale, public offering or merger of Warid. The cash consideration is payable in several tranches up to the third anniversary after completion of the deal. Closing is dependent on a number of conditions still, including approval from Warid's lenders. Singtel previously provided a guarantee of USD 90 million and equity undertaking of USD 51 million for a credit facility provided to Warid. After selling its stake in Warid, it will no longer be subject to these obligations. Singtel expects to book a loss of SGD 230 million on the sale.
Tags: sell
telecom
stake
singtel
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