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C&W sells Monaco Telecom for EUR 322 million

2014-04-25 11:56:00| Telecompaper Headlines

(Telecompaper) Cable & Wireless Communications has agreed the sale of Compagnie Monégasque de Communication, the holding company for its 55 percent stake in Monaco Telecom, to a private investment vehicle controlled by Xavier Niel, the French entrepreneur controlling Iliad, for EUR 321.79 million. Monaco Telecom is the incumbent operator in Monaco where it is the market leader and only full service telecommunications provider. It also owns 36.75 percent of Afghan mobile operator Roshan, supplies international carrier and country code services to Kosovo, and works with OnAir for onboard telephony. CMC had USD 74 million of EBITDA on a USD 218 million revenue in the year to March 2013, when it had USD 537 million of gross assets and some 35,000 mobile customers, 34,000 fixed line and 17,000 broadband users. The parties have regulatory approval and only await a C&W shareholder vote to complete the deal. The disposal puts C&W in a strong position to pursue growth opportunities, both organic and inorganic, in the targeted Caribbean and Latin America region, the operator said.

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France's Niel snaps up Monaco Telecom for 322 million

2014-04-25 02:00:00| Total Telecom industry news

Deal marks Cable & Wireless Communications' second attempt to divest its Monaco Telecom stake.

Tags: million telecom monaco frances

 
 

Thor Auctioning Monaco RV Towable Inventory

2014-03-22 19:55:11| Mobile Homes - Topix.net

Thor Industries Inc. plans to auction off remaining towable inventory, work-in-progress units and assorted componentry Tuesday at a former Monaco RV towable manufacturing plant it purchased in February from Decatur, Ind.-based Allied Specialty Vehicles Inc. - now renamed Allied Recreation Group.

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Spirits Market in Monaco: Databook to 2017

2014-03-21 10:36:17| Beverage industry market research - from just-drinks.com

"Spirits Market in Monaco: Databook to 2017" is the result of Canadean's extensive market research covering the Spirits market in Monaco. The report presents detailed historic and forecast data on th

Tags: market monaco spirits market spirits

 

Fortified Wine Market in Monaco: Databook to 2017

2014-02-14 12:36:16| Beverage industry market research - from just-drinks.com

"Fortified Wine Market in Monaco: Databook to 2017" is the result of Canadean's extensive market research covering the Fortified Wine market in Monaco. The report presents detailed historic and forec

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