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 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 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 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.
Vocus Communications Ltd : Resignation of CFO .Rick Correll has resigned as the CFO from the company.
Commscope Holding Company Inc : Commscope announces sale of 10 million shares of common stock by affiliate of the carlyle group . Underwriter will have an option to purchase up to 1.5 million additional shares from carlyle . Commscope will not receive any of proceeds from offering of shares by carlyle .Carlyle will continue to beneficially own 19.7 million shares, of commscope's outstanding common stock.
Telefonica Brasil SA : Said on Monday its board approved to pay out own capital interest in a gross total amount of 650.0 million Brazilian reais ($199.7 million), corresponding to 552.5 million reais net . Gross value per ordinary share is 0.361 real, which corresponds to a net value of 0.3068 real . Gross value per preferred share is 0.3971 real, which corresponds to a net value of 0.3375 real . Own capital interest to be paid by the end of FY 2017 .Record date is Sep. 30.
TPG Telecom Ltd : Net profit for the year attributable to owners of the co up 69% to A$379.6 million . FY revenue up 88% to A$2.39 billion .
TPG Telecom Ltd : Says total FY 2016 dividends 14.5 cents per share . Says FY 2017 underlying EBITDA guidance excludes any impact from potential operations in Singapore . Directors forecast underlying EBITDA for the group for FY 2017 to be in the range of $820M to $830M . Says FY 2017 capital expenditure guidance includes $72M for 1800 mhz spectrum . Says 7.5 cents per share final dividend for FY 2016 .
Intracom Holdings SA :Unit Intrasoft gets 6.5 year long contract from Jordan's EDCO energy operator.