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Tag: capital
Telekom Austria confirms plans for capital increase
2014-10-23 08:56:00| Telecompaper Headlines
(Telecompaper) Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from shareholders in August to raise up to EUR 1 billion in a share sale. Further details of the offering will be announced later. Telekom Austria confirmed the news alongside its third-quarter results, which showed continued pressure from the weak economy and regulation in central and eastern Europe. Revenues showed an improvement, rising 1.2 percent year-on-year to EUR 1.05 billion in Q3, thanks to growth in Belarus and Croatia and a smaller decline in Austria. Cost reductions in its home market helped adjusted EBITDA rise 15.8 percent to EUR 415 million, and net profit more than doubled to EUR 123 million from EUR 51 million a year ago. Profit benefited from lower restructuring charges as well as a one-time gain of EUR 26.8 million from the merger of Mobilkom liechtenstein with Telecom Liechtenstein. Telekom Austria said it will continue to focus on cost control and convergence to drive revenue growth. It maintained its outlook for an around 3.5 percent fall in revenue this year. Capital expenditure is expected at EUR 650-700 million, after EUR 473 million in the first nine months, and the group will pay a dividend of EUR 0.05 per share.
Tags: increase
capital
plans
austria
Manpower price target lowered to $86 from $100 at BMO Capital
2014-10-23 02:46:52| Steel - Topix.net
Manpower sees Q4 EPS $1.39-$1.47, consensus $1.49 Q4 EPS view includes an estimated unfavorable currency impact of 8c.
Tags: price
capital
target
lowered
C Spire, City Of Jackson Join Forces In Bid To Make 1 Gbps Fiber To The Home And 100 Times Faster Internet Access A Reality In Mississippi's Capital City
2014-10-22 05:45:57| fiberopticsonline Home Page
Mississippi’s largest city and its state capital is joining forces with C Spire to help Jackson become one of the nation’s most technologically advanced cities by offering residents ultra-fast 1 Gbps (Gigabit per second) Fiber to the Home broadband Internet access
Young America Capital Announces Sale Of Dairy Association Company Assets
2014-10-22 03:26:50| dairynetwork News Articles
Young America Capital (YAC) announced the sale of assets of the Dairy Association Company, Inc. (DAC) to Vermont’s Original LLC, a new company formed by the two investment groups, Timepiece Capital Incorporated and Gemini Investors
Tags: company
sale
america
young
Sage Automotive Interiors Acquired By Clearlake Capital Group
2014-10-21 07:49:07| autocentral News Articles
Clearlake Capital Group and Sage Automotive Interiors (Sage) announced recently that Clearlake has acquired Sage, the second largest automotive textile supplier in the world
Tags: group
capital
automotive
acquired
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