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STC moves one step closer to acquiring majority share of Vodafone Egypt

2020-07-07 02:00:00| Total Telecom industry news

Back in January, Saudi Telecom Company (STC) signed a memorandum of understanding with Vodafone Group to acquire its 55% stake in Vodafone Egypt. At the time, the deal was evaluated at around $2.4 billion, with the accompanying partner market agreement including the use of the Vodafone brand and preferential roaming agreements…read more on TotalTele.com »

Tags: share step majority egypt

Brazil sees jump in share of China's cotton import market

2020-07-02 13:21:00| Daily apparel & textile news and comment - from just-style.com

Brazil has been the prime beneficiary of the US's losses in China, as the South American country saw its share of the Chinese cotton import market jump by 170% in 2018/19, new data shows.

Tags: share market jump brazil

Northern Oil and Gas Plans Reverse-stock Split to Boost Share Price

2020-06-23 23:30:00| OGI

The reverse stock split is expected to increase the per share trading price of Northern Oil and Gas common stock, which may improve marketability and facilitate its trading, the Minneapolis-based company said.

Tags: price share plans gas

Softbank agrees T-Mobile exit in share sale, call option with Deutsche Telekom

2020-06-23 09:08:00| Telecompaper Headlines

(Telecompaper) Softbank Group has agreed to reduce its stake in T-Mobile US, selling around two-thirds of its stake to its co-shareholder Deutsche Telekom. It also gave the German operator a call option on most of its remaining shares in T-Mobile. Telekom plans to sell on the initial Softbank shares through a rights offering and trust securities.

Tags: call share sale option