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Tencent Music files again for USD 1.2 bln IPO
2018-12-04 10:01:00| Telecompaper Headlines
(Telecompaper) Tencent has relaunched the IPO of its music business unit, after postponing it due to recent stock market volatility. The company has sent a filing to the US Securities and Exchange Commission, saying it will offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, at USD 13-15 per ADS. The IPO could raise up to USD 1.2 billion.
Zain KSA agrees to sale, lease back of tower network to IHS for USD 648 mln
2018-11-28 15:41:00| Telecompaper Headlines
(Telecompaper) Zain Group announced that the board of Zain Saudi Arabia (Zain KSA) has approved an offer to sell and lease back its mobile tower portfolio to IHS Holding for SAR 2.43 billion (USD 648 million). Under the terms of the agreement, Zain KSA is selling only its passive, physical infrastructure to IHS and will retain its intelligent software, technology and intellectual property with respect to managing its network. The agreement also involves a lease-back period of fifteen years, with a five-year renewal option, and building of an additional 1,500 towers over the next six years.
Face ID specialist Finisar gets bought for USD 3.2 bln
2018-11-12 09:50:00| Telecompaper Headlines
(Telecompaper) Optical communications component company and Apple supplier Finisar has been bought by II-VI in a cash and stock deal valued at USD 3.2 billion, or around USD 26 per share. The merger has already been unanimously approved by the board of directors at Finisar, as well as of II-VI, which produces engineered materials as well as optical parts and systems.
Tags: face
usd
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specialist
Commscope confirms Arris takeover for USD 7.4 billion
2018-11-08 13:57:00| Telecompaper Headlines
(Telecompaper) Commscope has confirmed an agreement to acquire Arris for USD 7.4 billion including debt. The deal will more than double Commscope's annual revenues, strengthening its position in the wireless market with the takeover of Ruckus Networks and expanding its addressable market to the home gateway and video delivery markets. The Carlyle Group has agreed to invest USD 1 billion for a 16 percent stake in Commscope to help finance the acquisition.
Tags: usd
billion
confirms
takeover
South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system
2018-11-08 09:13:00| Telecompaper Headlines
(Telecompaper) MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in South Africa's financial system, depending on the outcome, the South African Reserve Bank said, according to Bloomberg. In its Financial Stability Review released in Pretoria, the bank said if MTN eventually repatriates the disputed amount to Nigerian authorities, this could affect its ability to meet its debt obligations, especially in South Africa.
Tags: system
south
financial
bank
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