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Tag: usd
Omantel buys 10% stake in Zain for USD 846 million
2017-08-10 12:30:00| Telecompaper Headlines
(Telecompaper) Omantel has agreed to buy a 9.84 percent stake in the Middle East mobile operator Zain for USD 846.1 million. Omantel will buy 425.7 million treasury shares from Zain for KWD 0.60 per share, a significant premium to the KWD 0.45 closing price the day before the announcement.
SVoD service Iflix raises USD 133 mln to develop own content
2017-08-08 11:31:00| Telecompaper Headlines
(Telecompaper) SVoD service provider Iflix has completed a USD 133 million funding round. Proceeds from this funding round will be used to support iflix's local content strategy. The funding round was led by Hearst and also included new investors Singapore-based EDBI and clients of DBS private bank. Existing shareholders Evolution Media, Sky, Catcha Group, Liberty Global, Jungle Ventures and PLDT also increased their investments. The new round brings total funding raised by Iflix this calendar year to USD 220 million.
Tags: service
content
develop
usd
Verizon buys Wow's Chicago fibre network for USD 225 mln
2017-08-02 09:46:00| Telecompaper Headlines
(Telecompaper) Verizon Communications has bought the fibre-optic network assets of WideOpenWest (Wow!) in the Chicago area for USD 225 million. The deal includes an additional investment by Wow! of USD 50 million into the Chicago network by the second half of 2018. The money will provide backhaul services to over 500 macro-cell wireless site and over 500 small-cell wireless sites. The Chicago network already connects Verizon Wireless macro towers and small cells, and the acquisition will reduce Verizon's leasing costs.
Tags: network
usd
chicago
buys
Discovery buys Scripps Networks for USD 14.6 billion
2017-08-01 09:29:00| Telecompaper Headlines
(Telecompaper) Discovery Communications has agreed to buy Scripps Networks Interactive for USD 14.6 billion, creating a new leader in the cable channels market. The offer of USD 90 per share is a premium of 34 percent on Scripps' share price on 21 July, before the first reports of a deal emerged. The takeover is expected to close by early 2018.
Tags: networks
usd
billion
discovery
Alphabet profit falls in Q2 after USD 2.7 bln fine from EU
2017-07-24 23:15:00| Telecompaper Headlines
(Telecompaper) Alphabet, the parent company of Google, reported a drop in second-quarter net profit, hurt by the competition fine of USD 2.7 billion imposed on the company by the European Commission. In a rare occurrence for the company since it went public, net profit fell to USD 3.524 billion or USD 5.01 per share from USD 4.877 billion or USD 7.00 per share a year earlier. Excluding the fine, net profit was still up, at USD 6.260 billion, according to adjusted figures presented by Alphabet.
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