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Orange buys remaining shares in Mobinil

2015-02-23 09:21:00| Telecompaper Headlines

(Telecompaper) Orange and Orascom Telecom Media and Technology (OTMT) have agreed that Orange will purchase all the shares and voting rights held directly or indirectly by OTMT in the Egyptian Company for Mobile Services (ECMS) for EUR 209.6 million. ECMS is the holding company of Egyptian mobile operator Mobinil. Orange said the transaction will be completed through the exercise of Orange's call option under the shareholders agreement signed by the two parties in April 2012. The transfer of OTMT's direct stake in ECMS will be completed as an 'over the counter' transaction between the two main shareholders. The parties expect that the transaction will be finalized by the end of Q1.

Tags: orange remaining shares buys

 

Warren Buffett Surprisingly Buys These 9 Top Dividend Stocks

2015-02-22 18:19:24| Chemicals - Topix.net

Warren Buffett is one of the most respected investors on the market. When he invests, it's mostly a guarantee for fellow investors to make money, but as we have seen in the past, it's often not true.

Tags: top stocks warren surprisingly

 
 

With Tech Giants Moving in on Its Turf, Sonos Embraces Pricey Media Buys

2015-02-21 08:06:44| Wireless - Topix.net

Early in its history, Sonos made smart bets that continue to pay dividends. When the speaker maker formed, thirteen years ago, in Santa Barbara, Calif., it made twin bets on the future: that both WiFi and music streaming would be ubiquitous.

Tags: media tech moving buys

 

Fung Kids buys Petit Bateau retailer

2015-02-19 15:10:00| Daily apparel & textile news and comment - from just-style.com

The retail arm of the Fung Group has acquired Hong Kong-based Kids Designers Club, an exclusive retailer in Hong Kong and Singapore of children's apparel brand Petit Bateau.

Tags: kids petit buys retailer

 

Industry Notes: UPS drivers honored, Catholic Charities receives SNAP funding, Alaska Airlines buys six Boeing airplanes

2015-02-19 06:27:06| Trucking - Topix.net

Thirteen elite United Parcel Service drivers from Oregon are among 1,445 newly inducted worldwide into the Circle of Honor, an honorary organization for UPS drivers who have achieved 25 or more years of accident-free driving. Oregon boasts 72 active Circle of Honor drivers with a combined 2,025 years of accident-free driving.

Tags: industry notes ups funding

 

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