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Tag: bln
FCC awards USD 1.5 bln in rural broadband subsidies
2018-08-29 09:08:00| Telecompaper Headlines
(Telecompaper) The FCC has awarded nearly USD 1.5 billion in grants to help bring faster broadband to over 700,000 rural homes and small businesses in the US. This follows the results of the Connect America Fund Phase II auction. More than half of those 713,176 locations will receive download speeds of at least 100 Mbps, the agency said.
Tags: awards
usd
rural
broadband
MTN Group H1 revenue rises 10% to ZAR 506 bln
2018-08-08 09:38:00| Telecompaper Headlines
(Telecompaper) MTN Group revenue increased by 9.7 percent to ZAR 505.67 billion in the first six months to 30 June from ZAR 432.28 billion in the same period in 2017. Service revenue increased by 10.2 percent, supported by growth in MTN Nigeria (up 17.0%), MTN Ghana (up 27.9%), MTN South Africa (up 2.9%) and MTN Uganda (up 8.8%). MTN Cameroon and MTN Ivory Coast reported 7.0 percent and 6.6 percent declines in service revenue respectively. Net profit increased to ZAR 73.39 billion from ZAR 40.64 billion in 2017.
Mexico raises MXN 44 bln in 2.5 GHz auction; Telefonica, AT&T winners
2018-08-07 13:51:00| Telecompaper Headlines
(Telecompaper) Mexico's telecommunications regulator IFT said it awarded 120 MHz of spectrum in the 2.5 GHz band for use in LTE and 5G services to AT&T and Movistar (Telefonica), the only two participants in the auction. The 20-year licences, sold in six blocks, are expected to generate a total of MXN 44.4 billion for the Mexican state over their lifetime, IFT said in as statement.
Tags: mexico
att
auction
winners
Softbank to raise USD 30 bln in IPO of Japan mobile business - report
2018-08-07 09:00:00| Telecompaper Headlines
(Telecompaper) Softbank may target a valuation of USD 90 billion for its Japanese mobile business when it lists the company on the stock market, people familiar with the matter told Bloomberg. Softbank is considering selling a third of the company, raising around USD 30 billion for its investments, the report said.
Tags: business
report
mobile
japan
Open Fiber completes EUR 3.5 bln finance package for FTTH project
2018-08-06 08:39:00| Telecompaper Headlines
(Telecompaper) The European Investment Bank (EIB), state lender CDP and a pool of 13 banks have signed off on a EUR 3.5 billion finance package to fund the fibre-optic broadband rollout plans of Italian wholesale operator Open Fiber. In a statement, Open Fiber said the finance deal is led by banks including UniCredit, Societe Generale and BNP Paribas and is the largest ever for a fibre-optic network in the EMEA region. "The transaction involves the most important Italian and international credit institutions and is an important sign of confidence in the project, in the wholesale-only model and especially in Open Fiber's employees who have done a fantastic job in recent months," said the company's CEO Elisabetta Rippa.
Tags: open
project
eur
finance
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