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AT&T pledges USD 3 bln investment in Mexico
2015-06-26 08:37:00| Telecompaper Headlines
(Telecompaper) AT&T announced plans to invest USD 3 billion in Mexico by the end of 2018 in order to extend mobile broadband services. This follows the US operator spending USD 4.4 billion to acquire local mobile providers Iusacell and Nextel Mexico. AT&T CEO Randall Stephenson made the pledge in a meeting with Mexico's president Enrique Pena Nieto, where he praised the regulatory reforms in the country, opening up opportunities for investment. AT&T plans to create a 'North American Mobile Service Area', covering 400 million people in the US and Mexico with its mobile broadband network. AT&T said the first phase of its mobile network upgrade in Mexico will be complete in the next six months and cover 40 million Mexicans, about one-third of the population. By the end of 2016, AT&T expects its mobile internet service will reach 75 million people, nearly two-thirds of the population. AT&T plans to reach 100 million people by year-end 2018. Next month, AT&T will introduce new plans for Mexican customers to use their individual plans including voice, data and text messaging while in the US. Customers on these new plans will also be able to use their available minutes to call friends and family in the US who are on the AT&T network. AT&T will also introduce Google Play billing in Mexico and roll out its customer experience programme Nuestra Promesa (Our Promise).
Tags: mexico
investment
usd
att
Euskaltel valued at EUR 1.1-1.4 bln in IPO
2015-06-22 11:58:00| Telecompaper Headlines
(Telecompaper) Spanish regional cable operator Euskaltel, operating in the Basque Country, has set a price range of EUR 8.70 to EUR 11.05 per share for the forthcoming IPO of a maximum 69.9 percent of its share capital, valuing the company at around EUR 1.1 billion to 1.4 billion. Spain's market regulator CNMV has approved the accompanying prospectus and, if all goes to plan, Euskaltel shares should start trading on the Madrid stock exchange on 01 July.
UPDATE 1-Williams Co rejects $48 bln unsolicited offer
2015-06-22 05:28:45| Energy - Topix.net
Natural gas pipeline company Williams Companies Inc said on Sunday it is exploring strategic options after it received an unsolicited takeover proposal for $64 per share or $48 billion. Williams did not name the party who made the offer but it said its board determined the proposal "significantly undervalues" the company.
Tags: offer
update
rejects
unsolicited
UPDATE 1-Williams Co rejects $48 bln unsolicited offer
2015-06-22 04:57:31| Oil & Gas - Topix.net
Natural gas pipeline company Williams Companies Inc said on Sunday it is exploring strategic options after it received an unsolicited takeover proposal for $64 per share or $48 billion. Williams did not name the party who made the offer but it said its board determined the proposal "significantly undervalues" the company.
Tags: offer
update
rejects
unsolicited
Cisco to invest USD 10 bln in China in coming years
2015-06-17 09:06:00| Telecompaper Headlines
(Telecompaper) Cisco and its Chinese partners have launches a series of initiatives for the Chinese market. These initiatives seek to support local innovation, the country's ongoing transformation, as well as the growth of local economies and businesses. Cisco plans to invest over USD 10 billion over the next several years to support this strategy.
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