Wireless Telecommunications Services

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Gungho Online Entertainment Inc to sell subsidiary to SoftBank Corp

Thursday, 21 Aug 2014 04:45am EDT

Gungho Online Entertainment Inc:To sell a 100 pct stake (one share) in subsidiary GGF B.V that based in Netherlands as a holding company, to SoftBank Corp.Transaction amount is about 35,719 mln yen.Effective Aug. 25.

Eckoh PLC announces amendment of Veritape Limited deferred consideration

Monday, 18 Aug 2014 02:00am EDT

Eckoh PLC:Reaches agreement to amend the deferred consideration payable in respect of the acquisition of Veritape Limited originally announced on June 11, 2013.Under toriginal share purchase agreement, the deferred consideration was based on financial performance of Veritape resulting largely from the sales of their own product lines.Says over time it has been increasingly difficult to separate the activities of Eckoh and Veritape and it has become apparent that a full integration of the businesses in a shorter timeframe would be beneficial.Under original agreement, deferred consideration of up to 16,618,785 ordinary shares of 0.25 pence in the capital of company.Says cash of up to 1.7 mln Pound could be paid to former Veritape shareholders dependent on achievement of certain profit before tax targets arising from activity of Veritape Limited.Says under terms of the new agreement there is no cash element and the deferred consideration of up to a maximum of 10,739,507 Ordinary Shares.

Millicom International Cellular SA completed merger of its Tigo mobile business with UNE, owned by Empresas Públicas de Medellín

Thursday, 14 Aug 2014 01:30pm EDT

Millicom International Cellular SA:Announced completion of merger of its Tigo mobile business with cable and fixed line operator UNE, owned by Empresas Públicas de Medellín (EPM).Says merger of two operations will create business offering comprehensive range of bundled digital services to millions of households including mobile and fixed telephony, mobile and fixed products.Merger of two operations will create exploit complementary offerings of Tigo with UNE and its affiliates and execute key component of Millicom's strategy to double revenue by 2017 and increase its profitability.

Avanti Communications Group Plc completes contracts for HYLAS 4

Monday, 11 Aug 2014 02:00am EDT

Avanti Communications Group Plc:Completes contracts to purchase and launch the HYLAS 4 satellite.Satellite will be built by Orbital Science Corporation, who built HYLAS 2 spacecraft, which is currently outperforming its technical specification.Satellite will deliver up to 28GHz of capacity in 66 fixed beams positioned over Africa and Europe.Some capacity provides growth for existing markets, some provides brand new coverage and we retain the flexibility to move capacity between different markets.Satellite will also have four steerable beams which could serve markets in Latin America or Africa.System represents a continuation of Avanti's strategy to prioritise Quality and Flexibility, and to ensure that customers receive World beating services at low prices.Satellite is scheduled for Launch in three month period ending April 2017, It will be launched by Arianespace, the World's most reliable launch agency, with whom Avanti.

Vodafone Group Plc to complete acquisition of Cobra

Thursday, 7 Aug 2014 02:00am EDT

Vodafone Group Plc:Confirms that its voluntary tender offer for security and telematics provider Cobra Automotive Technologies S.p.A. has become wholly unconditional.Offer will settle on Aug. 8.Says total consideration for the entire issued share capital of Cobra is e145 mln (115 mln Pound)1.Vodafone will purchase more than 95 pct of Cobra's share capital through offer and will then start proceedings to purchase remaining shares.This will result in Cobra becoming 100 pct owned subsidiary of Vodafone and Cobra will also be de-listed from Italian Stock Exchange (Borsa Italiana).Purchase of remaining shares and de-listing of Cobra are expected to occur on Aug. 14.

SoftBank Corp to acquire stake in U.S-based subsidiary

Wednesday, 6 Aug 2014 08:35am EDT

SoftBank Corp:To acquire 8,202,137 shares (a 37.7 pct stake) in a 62.3 pct-owned subsidiary Brightstar Global Group Inc, which based in U.S and it is the holding company of Brightstar Corp, from its president and CEO.Says to hold 100 pct stake in Brightstar Global Group Inc after this acquisition.Amount $298 mln or about 30.7 bln yen.Expected complete on Aug. 6.

Mnemon Ltd agrees to merge with Grays

Monday, 4 Aug 2014 09:00pm EDT

Mnemon Ltd:Says that it has agreed to a transaction with Grays (Aust) Holdings Pty Ltd (Grays) that, if completed, will result in a combination of the two businesses.The transaction will see the company to acquire 100 pct. of Grays via a scrip-for-scrip offer to Grays shareholders, significantly increasing the market capitalization of the group.

Millicom receives final regulatory approval for merger of Tigo operation in Columbia with UNE

Sunday, 3 Aug 2014 02:00am EDT

Millicom International Cellular SA:Says the proposed merger of the company's Tigo operation in Colombia with UNE has been given approval by the country’s Finance Superintendent.Says will now work with EPM, the owner of UNE, to complete the transaction.

Iliad confirms interest in T-Mobile US

Thursday, 31 Jul 2014 12:34pm EDT

Iliad SA:Indicative offer for T-Mobile US submitted by company.Offer subject to certain conditions, including due diligence on T-Mobile US.$15 bln in cash offered for 56.6 pct of T-Mobile US, at $33 per share.Company values remaining 43.4 pct of T-Mobile US at $40.5 per share on basis of $10 bln of synergies to benefit of T-Mobile US shareholders.Overall value thus reaches $36.2 per share.Cash portion to be financed via combination of debt and equity.

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Sector Summary

Analyst Research

Report Title Price
Provider: Renaissance Capital
$92.00
Provider: Renaissance Capital
$92.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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