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OEM Coatings Market is Projected to Reach USD 69.28 Billion by 2022
2017-06-27 18:41:00| Coatings World Breaking News
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GTT buys Global Capacity for USD 100 mln, plus shares
2017-06-27 08:53:00| Telecompaper Headlines
(Telecompaper) Cloud networking provider GTT Communications (GTT) has agreed to buy Global Capacity, a provider of network connectivity systems aimed at helping companies connect to cloud and business destinations, for USD 100 million in cash and 1.85 million GTT shares. The acquisition is expected to close by the end of third quarter, subject to the usual regulatory approvals and closing conditions. GTT will fund the cash portion of the deal with funds from the debt offering completed in May. After integration, GTT CEO Rick Calder expects the combined company will achieve the company's previously announced financial objective of USD 1 billion in revenue and USD 250 million in adjusted EBITDA.
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Composite Coatings Market Predicted to be Worth 1,306.8 Million USD by 2022
2017-06-23 07:00:00| Coatings World Breaking News
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Altice USA prices IPO near high end, raises USD 1.9 bln
2017-06-22 08:43:00| Telecompaper Headlines
(Telecompaper) Altice USA has priced its IPO near the high end of the indicated range, at USD 30 per share. As a result, it will raise a total USD 1.918 billion before costs from the sale of 63.94 million shares. Altice is selling 12.07 million shares, for proceeds of USD 362.1 million, and its shareholders BC Partners and the Canada Pension Plan Investment Board are selling the remaining shares in the IPO from their existing holdings. After completion of the offering, Altice will own 70.3 percent of Altice USA's outstanding stock, equal to 98.3 percent of the voting rights.
Global IoT spending to grow 17% to USD 800 bln in 2017
2017-06-15 15:37:00| Telecompaper Headlines
(Telecompaper) Worldwide spending on the Internet of Things (IoT) will grow 16.7 percent this year to just over USD 800 billion, according to the latest forecast from DIC. This is expected to grow to nearly USD 1.4 trillion by 2021. The market researcher's latest report focuses on the most promising use cases for the IoT.
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