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TMT stocks: infrastructure shares, Netflix up in YTD, incumbent telcos doing relatively well
2020-03-24 13:06:00| Telecompaper Headlines
(Telecompaper) How are the TMT stocks doing during the Covid-19 crisis? Share prices have been falling worldwide since 20 February and are now around 30 percent lower than at the end of 2019. The increased demand for bandwidth is making infrastructure stocks the exception on the market, with some even showing a positive performance in the year-to-date. Many incumbents are also doing relatively well. Netflix is another outperformer, with its share price still higher compared to the start of the year, while Disney faces a loss of 41 percent. The pure broadcasters are almost all underperforming.
Tags: well
shares
infrastructure
stocks
Telecom Egypt approves acquisition of MENA Cable from Orascom TMT, long-term credit facilities
2018-05-10 11:32:00| Telecompaper Headlines
(Telecompaper) Telecom Egypt said that its board has approved two strategic decisions to increase its return on investment, and provide the liquidity to facilitate the implementation of its business plan. The board approved the acquisition of Middle East and North Africa Submarine Cable (MENA Cable) by 50 percent-owned subsidiary Egyptian International Submarine Cables Company, with a total enterprise value of USD 90 million to be financed through a shareholder loan from Telecom Egypt. MENA Cable is a subsidiary of Orascom Telecom Media and Technology Holding.
Tags: credit
facilities
cable
egypt
Deloitte India TMT Predictions 2018 report
2018-01-17 15:50:36| Digital TV News
Deloitte India's publication on TMT predicts major advances in machine learning, VoLTE technology services and OTT platforms, as well as other trends. OTT platforms are witnessing an explosion in original content due to increase in consumption and viewership.
Tags: report
india
predictions
deloitte
Deloitte releases Global TMT Predictions
2017-12-12 19:30:31| Digital TV News
Deloitte Global forecasts major strides in machine learning for the enterprise, a worldwide appetite for digital subscriptions among consumers, and ongoing smartphone dominancealong with eight additional predictions.
Tags: global
releases
predictions
deloitte
Hawaii Supreme Court temporarily strips authority of TMT land permit
2015-11-18 05:48:00| Climate Ark Climate Change & Global Warming Newsfeed
Pacific Business: The Hawaii Supreme Court has partially granted a groups request to stall construction of the $1.4 billion telescope on Mauna Kea. Mauna Kea Anaina Hou, and other appellants in the group suing the state for awarding a permit to the TMT Observatory Corp., made an emergency motion Nov. 16 for a "stay upon appeal" to the higher court, which would remove the permits authority. Granting the request in part, the Supreme Court has temporarily invalidated the TMT Observatory Corp.s conservation...
Tags: land
court
authority
hawaii