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Spain outlines EUR 4.3 bln plan to bring fibre or 5G to all by 2025
2020-12-02 13:48:00| Telecompaper Headlines
(Telecompaper) The Spanish government has announced further details of the plan to bring broadband at speeds of at least 100Mbps to the entire Spanish population. The Plan for Connectivity and Digital Infrastructures and the Strategy to Promote 5G Technology, part of the government's Spain Digital 2025 Agenda, will receive EUR 4.3 billion of public funding for expanding fibre-optic infrastructure to underserved areas and extending 5G coverage. In a short statement, the government said EUR 883 million is already in the 2021 budget, which should receive parliamentary approval in the next few weeks.
Xiaomi to raise USD 4 bln for expansion in share, bond sale
2020-12-02 13:27:00| Telecompaper Headlines
(Telecompaper) Xiaomi announced plans to raise USD 855 million in a convertible bond issue and another USD 3.1 billion in an underwritten share issue. The proceeds will be used for working capital and investments.
Tags: share
sale
usd
expansion
Sinch raises SEK 3.3 bln in share sale, Softbank takes 10% stake
2020-12-01 12:35:00| Telecompaper Headlines
(Telecompaper) Swedish provider of cloud communications for mobile customer engagement Sinch said Softbank subsidiary SB Management will own approximately 10.1 percent of the company following a share issue and sell-down by larger shareholders of existing stock. Proceeds from the issue will be used to support potential acquisitions, a strategy that has the backing of SB Management.
Orange to recover EUR 2.2 bln in tax after favourable court ruling
2020-11-16 09:29:00| Telecompaper Headlines
(Telecompaper) Orange said that it is set to recoup a payment made to the French tax office in 2013, after the country's supreme court (Conseil d'Etat) ruled in its favour, ending a long-running tax dispute. Including interest, the company expects to receive a sum of around EUR 2.2 billion, which will not be subject to tax.
Cellnex acquires Hutchison's European tower unit for EUR 10 bln
2020-11-12 13:44:00| Telecompaper Headlines
(Telecompaper) Spanish infrastructure operator Cellnex has agreed to acquire the European tower business of CK Hutchison, parent company of mobile operator 3 Group, for a total consideration of EUR 10 billion, confirming recent reports. The transaction is the largest in the history of Cellnex, boosting its towers footprint by around 40 percent beyond 100,000 sites and allowing it to enter new markets including Austria, Denmark and Sweden while consolidating its foothold in Italy, the UK and Ireland.
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