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Integrated Telecommunications Services

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ACCC will not oppose Vocus communications' move on Nextgen

Wednesday, 21 Sep 2016 06:54pm EDT

Australian Competition and Consumer Commission (ACCC): Will not oppose Vocus Communications' move on Nextgen . Found that the services supplied by Vocus and nextgen were largely complementary . Closely examined vertical integration issues in its assessment of the proposed acquisition . "market expressed very little concern over the proposed acquisition" . Any future potential mergers or acquisitions that increase concentration can expect to receive close examination from the ACCC . Nextgen's data centre business, Metronode, is not part of the proposed transaction .

Frontier Communications sees adjusted EBITDA of about $1 bln for Q3 2016

Wednesday, 21 Sep 2016 10:06am EDT

Frontier Communications Corp : Frontier Communications Corp - Sees adjusted EBITDA of approximately $1 billion for Q3 OF 2016 - SEC Filing . Frontier Communications Corp - Anticipates that its adjusted EBITDA in Q4 will increase sequentially . Frontier Communications Corp sees $400 million in run rate expense reductions over next three years . Frontier Communications Corp sees $250 million of expense reductions by mid-year 2017 .Frontier Communications Corp sees achieving remaining $150 million in expense savings by mid-year-2019.

Huge Group to place shares to part fund Connectnet Broadband deal

Wednesday, 21 Sep 2016 09:25am EDT

Huge Group Ltd : Update on acquisition of Connectnet Broadband Wireless (Pty) Ltd and renewal of cautionary announcement . Memorandum of agreement is now unconditional . 55 pct of initial deal consideration (R151,250,000) shall be settled by Huge through issue to relevant shareholders of as many ordinary shares .Intends placing placement shares by way of a book build.

Intracom Holdings H1 net result turns to loss of EUR 2.3 mln

Wednesday, 21 Sep 2016 05:15am EDT

Intracom Holdings SA : H1 turnover 185.4 million euros ($206.70 million) versus 184.3 million euros year ago . H1 EBITDA 12.1 million euros versus 15.5 million euros year ago . H1 net loss 2.3 million euros versus profit 1.0 million euros year ago . Its unit Intrakat H1 turnover 95.6 million euros versus 68.1 million euros year ago . Its unit Intrakat H1 EBITDA 8.2 million euros versus 7.0 million euros year ago .Its unit Intrakat H1 EBT 1.7 million euros versus 1.1 million euros year ago.

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