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Tiscali FY net loss widens to EUR 45.0 mln

Tuesday, 2 May 2017 05:52am EDT

May 2 (Reuters) - Tiscali SpA ::Reported on Friday FY revenue 207.2 million euros ($226.20 million) versus 202.1 million euros a year ago.FY net loss 45.0 million euros versus loss 18.5 million euros.FY net loss widened due to 19 mln euro amortizations for fixed wireless network in FY 2016, 7 mln euro losses for discontinued activities in FY 2016, and 12.8 mln euro positive impact on FY 2015 due to a one-off entry.To focus for the next few months on core business in order to strengthen its presence on the Italian market of fixed and mobile broadband.

Telenet Group Q1 operating income down at 112.5 million euros

Thursday, 27 Apr 2017 01:15am EDT

April 27 (Reuters) - Telenet Group Holding NV ::Q1 arpu/customer per month 54.4 euros ($59.33) versus eur 52.3 year ago.Q1 operating income eur 112.5 million versus eur 132.6 million year ago.Q1 revenue eur 616.0 million versus eur 623 million in Reuters poll.Q1 net profit eur 65.8 million versus loss of eur 8.6 million year ago.Q1 free cash flow eur 15.9 million negative versus eur 69.1 million negative year ago.Triple play customers at end of march 1.14 million versus 1.11 million year ago.Full year 2017 outlook reconfirmed.Confident on our ability to close SFR Belux acquisition before the end of the summer of this year.Expects top line growth rate in 2017 will be severely impacted by regulatory headwinds and continued structural challenges on our acquired prepaid mobile business.

Verizon reorganizes customer groups within its wireline segment

Tuesday, 11 Apr 2017 08:26am EDT

Verizon Communications Inc : Verizon - during Q1 2017, Verizon Communications Inc Reorganized customer groups within its wireline segment . Verizon - pursuant to reorganization, there are now four customer groups within wireline segment - SEC filing . Verizon - customer groups within wireline segment are consumer markets, enterprise solutions, partner solutions, business markets .Verizon - total wireline segment operating revenues remain unchanged from previously reported results for each of eight quarters ended Dec 31, 2016.

AT&T enters to acquire Straight Path Communications in all stock deal

Monday, 10 Apr 2017 08:30am EDT

Straight Path Communications Inc : AT&T enters into definitive agreement to acquire Straight Path Communications for $95.63 per share in all stock deal . Deal for $95.63 per share . Deal for $95.63 per share . Straight Path shareholders will receive $1.25 billion, or $95.63 per share, which will be paid using AT&T stock . Transaction has a total value of $1.6 billion which includes liabilitiesDeal supported by Straight Path's majority shareholder, Howard Jonas, who has entered into a voting agreement with AT&T . Transaction was approved by board of directors of both companies . Howard Jonas entered into a voting agreement with AT&T and agreed to vote his class a shares in support of transaction .AT&T is to acquire straight path in an all-stock merger intended to qualify as a tax-free reorganization.

Jilin Jlu Communication sees Q1 FY 2017 net profit down 3.5 pct to up 10.6 pct

Monday, 10 Apr 2017 05:04am EDT

Jilin Jlu Communication Design Institute Co Ltd <300597.SZ> : Sees Q1 FY 2017 net profit to decrease by 3.5 percent to increase by 10.6 percent, or to be 2.4 million yuan to 2.8 million yuan . Says Q1 FY 2016 net profit was 2.5 million yuan .The reason for the forecast is steady development of business.

Zhong Fu Tong sees Q1 2017 net profit up 10-30 pct

Monday, 10 Apr 2017 03:00am EDT

Zhong Fu Tong Co Ltd <300560.SZ>: Sees net profit for Q1 2017 to increase by 10 percent to 30 percent, or to be 8.1 million yuan to 9.6 million yuan, compared to net profit of the same period in 2016 (7.4 million yuan) .Comments that increased sales of main business is the main reason for the forecast.

China Unicom Hong Kong updates on contemplation of matters relating to mixed ownership reform

Wednesday, 5 Apr 2017 08:39am EDT

China Unicom Hong Kong Ltd <0762.HK> : Contemplation of significant matters by ultimate parent company and resumption of trading . Co has been notified by China United Network Communications Group Co Ltd that Unicom Group is contemplatin matters relating to mixed ownership reform . As related plan for these matters is still under further deliberation, these matters are still subject to substantial uncertainty . Made an application for resumption of trading in shares and debt securities of co with effect from 9 a.m. On 6 april 2017 . Significant matters may potentially involve a change in shareholding structure of unicom a share company .Significant matters may also involve using China United Network Communications Ltd as a platform for mixed ownership reform.

PLDT clarifies news article posted in Business World Online

Tuesday, 14 Mar 2017 03:38am EDT

PLDT Inc - : Refers to news article "Senate Ok's Smart, Gma Franchise Extension" posted in Business World Online . "Confirm that the senate approved on third and final reading the bill renewing smart's franchise for another 25 years" ."Also confirm that the version of the bill approved by the senate contains the provisions cited in the Businessworld news report".

T-Mobile agrees to sell $500 mln 4.000% senior notes due 2022, $500 mln 5.125% senior notes due 2025 and $500 mln 5.375% senior notes due 2027

Monday, 13 Mar 2017 09:07pm EDT

T-mobile Us Inc : T-Mobile agrees to sell $500.0 million 4.000% senior notes due 2022, $500.0 million 5.125% senior notes due 2025 and $500.0 million 5.375% senior notes due 2027 . Expects to use net proceeds from offering of notes to refinance existing debt. . Deutsche telekom ag agreed to purchase $1 billion aggregate principal amount of 4.000% senior notes due 2022 . Deutsche telekom ag agreed to purchase $1.25 billion aggregate principal amount of 5.125% senior notes due 2025 . Deutsche telekom ag agreed to purchase $1.25 billion aggregate principal amount of 5.375% senior notes due 2027 .Deutsche telekom ag to purchase dt notes from t-mobile usa in a private placement with no underwriting discount.

NJ Holdings announces merger between mobile phone stores operation units

Monday, 27 Feb 2017 03:10am EST

NJ Holdings Inc <9421.T>: Says two mobile phone stores operation units, which are 100 percent and 50.8 percent owned by the co respectively, will be merged into one . Says the co will hold 84.9 percent stake in the unit after the restructuring .Says effective April 16.

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