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Vodacom Group revenue rises 4.5% to ZAR 42 bln in H1
2017-11-13 09:15:00| Telecompaper Headlines
(Telecompaper) Vodacom Group has reported a 4.5 percent increase in revenue to ZAR 42.0 billion in the first half-year ending 30 September compared with ZAR 40.15 billion in the same period in 2016. The group added 4.3 million customers during the first half, 2.9 million in South Africa and 1.4 million in its international operations, to reach just over 71 million customers, up 11.8 percent. Group EBIT decreased 0.2 percent, and the EBIT margin decreased by 1.2 percentage points to 25.8 percent.
Broadcom contemplating USD 100 bln bid for Qualcomm - report
2017-11-03 20:07:00| Telecompaper Headlines
(Telecompaper) Broadcom is speaking to advisers about the possible acquisition of Broadcom, Bloomberg reported, with sources saying the bid could go higher than USD 100 billion. The offer would be for USD 70 per share in a cash and stock deal . Although a final decision has not yet been made, the sources said a deal could be reached in the coming days.
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Ooredoo Group 9-mth revenue lifts slightly to QAR 24.5 bln
2017-10-30 09:08:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group reported 1 percent increase in its revenue to QAR 24.5 billion in the first nine months, compared with 24.3 billion the year earlier, driven by strong contributions from Indonesia, Oman, Kuwait, Iraq, and the Maldives. Excluding forex effects, revenues would have increased by 2 percent compared to the reported 1 percent revenue increase. Ooredoo group ended the quarter with 150 million customers, representing an increase of 13 percent driven by strong growth in Indonesia, Iraq, Algeria, Tunisia, Oman, Qatar and the Maldives.
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Omantel signs deal to buy 12.1% of Zain Group for USD 1.35 bln
2017-10-26 10:45:00| Telecompaper Headlines
(Telecompaper) Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company and Gulf National Holding Company to purchase 521.97 million ordinary shares in Zain Group, or 12.1 percent of the total fully paid and issued share capital, for a total cash consideration of USD 1.35 billion at an offer price of KWD 0.781 per share.
Netflix looks to raise USD 1.6 bln for new content, acquisitions
2017-10-24 08:59:00| Telecompaper Headlines
(Telecompaper) Netflix said it has priced an offering of USD 1.6 billion worth of senior notes. The 4.875 percent senior notes will be due 2028. Netflix said it will put the money raised towards general corporate purposes, including content acquisitions, production and development, capital expenditures, investments, working capital and potential acquisitions and strategic transactions.
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