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Tag: bln
NENT plans Viaplay international expansion, mulls SEK 3.5 bln equity increase and US listing
2020-11-10 10:20:00| Telecompaper Headlines
(Telecompaper) Nordic Entertainment Group (NENT) has announced plans to launch its Viaplay streaming service in Poland and the US in 2021 and in five other markets by the end of 2023, with a new target of approximately 10.5 million Viaplay subscribers by end of 2025. In addition, NENT is considering raising more equity to finance the international expansion and increase liquidity and the company also is mulling a secondary US listing.
Tags: us
international
increase
listing
Airtel Africa plans tower sales to reduce USD 3.5 bln debt
2020-11-09 09:55:00| Telecompaper Headlines
(Telecompaper) Airtel Africa plans to sell about 4,500 telecommunication towers in five countries including Tanzania and Madagascar to help reduce USD 3.5 billion of debt and prepare for bond repayments, Bloomberg reported. The operator is also disposing of mobile masts in Gabon, Malawi and Chad, CEO Raghunath Mandava told Bloomberg in an interview. Mandava said Airtel is constantly seeking to bring down debt, and prefers to do so even faster with the tower deals.
Tags: sales
plans
reduce
africa
Hutchison and Cellnex confirm 'advanced talks' over EUR 10 bln tower asset sales
2020-11-04 10:57:00| Telecompaper Headlines
(Telecompaper) CK Hutchison, the parent company of mobile operator 3 Group, has confirmed recent reports that it is in advanced negotiations regarding the sale of its European mobile tower business to Spanish operator Cellnex Telecom, already Europe's largest mobile towers company. In a statement, CK Hutchison said it has reached "substantial agreement" on the key commercial terms for the disposal of the telecommunications infrastructure assets in Europe held indirectly by its CK Hutchison Group Telecom Holdings subsidiary to Cellnex. It added that total proceeds on completion of the transactions would amount to around EUR 10 billion, including minority partners' shares.
Tags: advanced
sales
eur
confirm
Canal+ Poland launches IPO to raise up to PLN 1.3 bln for selling shareholders
2020-11-03 11:07:00| Telecompaper Headlines
(Telecompaper) Polish pay-TV provider Canal+ has published its prospectus and launched its initial public offering (IPO) of shares. The subscription period will run until 09 November. The sale of up to 49 percent of its shares is expected to raise a maximum PLN 1.3 billion (EUR 284 million).
Tags: selling
raise
poland
canal
FCC confirms USD 9 bln fund for rural 5G, auction delayed on need for better broadband maps
2020-10-28 09:28:00| Telecompaper Headlines
(Telecompaper) The US Federal Communications Commission has approved plans for a new 5G Fund for Rural America, with up to USD 9 billion in subsidies available to boost 5G coverage in outlying areas. However, the fund will not be available immediately, as the FCC decided to first improve how it collects broadband map data on unserved areas.
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