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Tag: usd
Zain FY revenue falls 6% to USD 3.78 bln, EBITDA stable
2016-02-10 15:38:00| Telecompaper Headlines
(Telecompaper) Zain Group reported a 6 percent decline in its revenues for 2015 to USD 3.78 billion, while EBITDA was stable at USD 1.66 billion, giving a healthy EBITDA margin of 44 percent. The net profit reached USD 513 million, down 21 percent, reflecting earnings per share of USD 0.13.
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falls
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Opera agrees takeover by Kunlun, Qihoo for USD 1.2 bln
2016-02-10 08:15:00| Telecompaper Headlines
(Telecompaper) Opera Software has agreed a takeover offer worth USD 1.2 billion from a consortium of Chinese investments. The bidders are led by Golden Brick Silk Road Equity Investment Fund with the partners Beijing Kunlun Tech, Qihoo 360 Software and Yonglian (Yinchuan) Investment. The cash offer of NOK 71 per share is a 56 percent premium on Opera's average share price in the past 30 days and is the result of a strategic review started by the Norwegian company last August. Opera's board has recommended the offer to shareholders, and a number of large shareholders and management holding in total 33 percent of shares have already agreed to accept the takeover offer.
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opera
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Obama proposes USD 19 bln boost to cybersecurity
2016-02-09 17:46:00| Telecompaper Headlines
(Telecompaper) US President Barack Obama has directed his administration to implement a Cybersecurity National Action Plan (CNAP) that takes near-term actions and puts in place a long-term strategy to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security. The Administration will invest over USD 19 billion in cybersecurity as part of the President's USD 4.1 trillion budget for FY 2017, representing an over 35 percent increase from FY 2016. The President is establishing the Commission on Enhancing National Cybersecurity, comprised of top strategic, business, and technical thinkers from outside of Government.
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obama
Google CEO gets USD 199 mln worth of stock
2016-02-09 09:43:00| Telecompaper Headlines
(Telecompaper) Google CEO Sundar Pichai has been awarded restricted stock worth USD 199 million from parent company Alphabet, Bloomberg reported. Pichai received 273,328 Class C shares on 3 February that will vest in quarterly increments through 2019 if he remains on the job, according to a company filing.
Millicom to sell DR Congo business to Orange for USD 160 mln
2016-02-08 09:01:00| Telecompaper Headlines
(Telecompaper) Millicom has signed an agreement for the sale of its Tigo business in the Democratic Republic of Congo (DRC) to Orange. The transaction is subject to regulatory approvals. In a statement, Millicom said it will sell 100 percent of the share capital in the holding company Oasis for a total cash consideration of USD 160 million. Mauricio Ramos, CEO of Millicom said the sale of Tigo DRC is in line with the group's strategy of supporting consolidation and concentrating resources in its most promising markets. Millicom said it will use the proceeds from the sale to strengthen its balance sheet allowing the company to reinvest in its existing Latin American and African markets, improving earnings and cash flow and reducing leverage.
Tags: business
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usd
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