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Tag: bln
AT&T may take USD 1.1 bln charge on Venezuela assets
2015-10-01 14:42:00| Telecompaper Headlines
(Telecompaper) AT&T may have to take a charge of around USD 1.1 billion related to the assets of DirecTV's Venezuela subsidiary due to the South American country's economic crisis, reports Reuters. According to an SEC filing, AT&T is considering whether to use a less preferential currency exchange rate to value DirecTV's assets in Venezuela. The value of DirecTV's USD 1.1 billion in Venezuelan assets is currently based on an exchange rate of 12 Venezuelan bolivars (VEF) per USD. In the filing AT&T said it may value the assets at the so-called Simadi exchange rate of around 200 VEF per USD, erasing nearly all their value.
Tags: charge
usd
att
venezuela
Altice raises USD 8.6 bln for Cablevision, confirms targets
2015-10-01 10:04:00| Telecompaper Headlines
(Telecompaper) Altice said it has successfully priced USD 8.6 billion of new debt in connection with its acquisition of Cablevision Systems. The new debt was split into a USD 3.8 billion 7-year senior secured Term Loan B, a USD 1.0 billion 10-year worth of senior guaranteed notes and USD 3.8 billion worth of 7-year and 10-year senior unsecured notes. Altice confirmed its guidance for achieving medium term EBITDA margin targets of 45 percent at Numericable-SFR and 50 percent at Altice International. It also remains confident in its previously announced medium term operating expenditures related cost savings and synergies targets of EUR 200 million at Portugal Telecom, USD 215 million at Suddenlink and USD 900 million at Cablevision.
Tags: usd
targets
raises
confirms
Google Android has 1.4 bln users worldwide - incoming CEO
2015-09-30 09:37:00| Telecompaper Headlines
(Telecompaper) Incoming Google CEO Sundar Pichai said that 400 million users have started using the Android OS since May 2014, bringing the total of active users to 1.4 billion, the Wall Street Journal reported. Pichai said most of the recent growth in Android took place is in emerging economies such as Indonesia and Vietnam. In those two countries, the number of Android users has doubled in a year, pushed by first-time smartphone users. Pichai also reported user growth from other Google devices. About 30,000 new Chromebooks are being activated each day, mostly in US schools, he said. He said that more than 10,000 companies are testing or using Android for Work, a version of the operating system aimed at businesses. Pichai, Google's senior vice president for products, is scheduled to become CEO of Google's core search-and-advertising unit when the company reorganizes as Alphabet later this year.
Tags: users
google
worldwide
ceo
Investors eye Orange Kenya's KES 13 bln real estate assets
2015-09-29 10:00:00| Telecompaper Headlines
(Telecompaper) Investment firms fighting to take over Orange's stake in Orange Kenya are mainly eyeing the company's KES 13 billion real estate assets, an Orange valuation report shows, as reported in Business Daily. The report, which Orange prepared ahead of failed negotiations to sell the stake to Nigerian investors, shows that land, together with frequency spectrums and a vast fibre optic cables network, top the list of assets that the French company is using to entice suitors as it prepares to exit the Kenyan market.
Tags: real
estate
real estate
eye
UPDATE 1-Kraton to buy privately held Arizona Chemical for $1.37 bln
2015-09-29 07:46:19| Chemicals - Topix.net
Kraton Performance Polymers Inc, a producer of rubber used in adhesives, coatings and personal care products, said it would buy privately held specialty chemicals producer Arizona Chemical Holdings Corp for $1.37 billion in cash. The deal is expected to add about $1.40 per share in profit in the first year of combined operations, Kraton said.
Tags: buy
held
update
chemical
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