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Telia confirms talks to sell Turkcell stake to sovereign fund
2020-06-16 19:14:00| Telecompaper Headlines
(Telecompaper) Telia Company has confirmed it's in talks to sell its stake in Turkcell Holding. The Swedish company issued a statement following media reports that it was in talks to sell the indirect stake in Turkcell to Turkey's Wealth Fund. Telia said the deal would be worth around USD 530 million.
Coronavirus: Branson to sell Galactic stake to prop up Virgin
2020-05-11 15:43:13| BBC News | Business | UK Edition
The billionaire hopes to raise $500m to support his businesses including Virgin Atlantic.
TIM, Vodafone sell joint 8% stake in Inwit towers unit for EUR 800 mln
2020-04-23 08:57:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) and Vodafone Italia have sold an 8 percent stake in their jointly-owned towers company Inwit for a total of around EUR 800 million with a view to reducing debt. In separate statements, TIM and Vodafone each confirmed that they successfully completed the sale of 41.7 million shares of Inwit, equal to around 4.3 percent of the share capital, at a price of EUR 9.60 per share, resulting in gross proceeds to each company of around EUR 400 million.
Vodafone agrees to sell 55% stake in Egypt unit to STC
2020-01-29 08:53:00| Telecompaper Headlines
(Telecompaper) Vodafone Group has agreed to sell its 55 percent stake in Saudi Telecom Company (STC) for USD 2.39 billion cash. This gives the mobile operator co-owned with Telecom Egypt an enterprise value of USD 4.35 billion and a multiple of 7.0x adjusted EBITDA for the year to September.
Tullow Oil Calls Off Plans To Sell Stake In Uganda Project
2019-08-29 15:41:43| OGI
The London-listed firm had previously sold about two-thirds of the project to CNOOC and Total for $2.9 billion in transactions completed by 2012.
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