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MasMovil buys Jazztel assets to become no 4 Spanish operator
2015-08-10 17:47:00| Telecompaper Headlines
(Telecompaper) Spanish telecommunications provider MasMovil Ibercom said it will acquire certain fibre-optic network assets from Jazztel, which also agreed to allow its rival preferential access to its xDSL network for four years, renewable once. The deal aims to meet the conditions set by the EU to permit Orange's takeover of Jazztel and clears the way for MasMovil to become Spain's fourth national integrated operator.
Tags: spanish
assets
operator
buys
Buffett buys Precision Castparts
2015-08-10 13:47:38| BBC News | Business | UK Edition
Warren Buffett's investment firm Berkshire Hathaway agrees a deal to buy aircraft components maker Precision Castparts Corp for $37.2bn.
Tags: precision
buys
buffett
castparts
Alibaba buys 20% stake in offline retailer Suning
2015-08-10 13:03:00| Telecompaper Headlines
(Telecompaper) Alibaba Group announced the acquisition of a 20 percent stake in Suning, one of China's largest offline consumer retailers, for CNY 28.3 billion (USD 4.63 billion). After the closing the investment, Alibaba will be the second-largest shareholder in the company. As part of the deal, Suning will also buy CNY 14 billion new shares in Alibaba, giving a 1.1 percent stake in the e-commerce giant. The two companies agreed to work together to build synergies in e-commerce, logistics and incremental business through joint omni-channel initiatives. Under the collaboration, Suning will open a flagship store on Alibaba's Tmall.com platform, focusing on consumer electronics, home appliances and baby products. In logistics, Suning will become a partner of Cainiao, Alibaba's logistics affiliate, and Alibaba will gain access to Suning's nationwide logistics network covering over 90 percent of China's counties. The cooperation is expected to give Alibaba consumers outlets for a physical experience with products, while still being able to make orders and payments online and over mobile devices. They will also have access to after-sale services in Suning's over 1,600 retail stores in 289 cities across China and its over 3,000 after-sales service locations and 5,000 affiliate partners.
Tags: offline
alibaba
buys
retailer
Action Resources Buys Two Waste Companies
2015-08-10 10:25:00| Waste Age
Action Resources, a hazardous and solid waste and environmental services firm, has acquired a solid waste firm and a hazardous waste company. read more
Tags: action
resources
companies
waste
Maxcess Buys Valley Roller
2015-08-07 07:00:00| Nonwovens Industry Breaking News
Purchase marks second deal in eight months.
Tags: valley
roller
buys
maxcess
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