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Reuters - 2天前

Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln

UPDATE 6-Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 bln ADNOC to pay 62 euros per Covestro share, take on 3 bln in debt To buy additional 1.2 bln euros worth of new shares in Covestro Covestro shares jump 3.7% to a three-year high Deal could fuel debate over foreign takeovers of German firms Adds Covestro supervisory board's advisers in paragraph 26 By Ludwig Burger and Yousef Saba BERLIN/DUBAI Oct 1 (Reuters) - Abu Dhabi's ADNOC has struck a deal to buy German chemicals mak
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Reuters - 3天前

Vodafone and Hutchison offer price pledge to answer UK deal concerns

UPDATE 2-Vodafone and Hutchison offer price pledge to answer UK deal concerns Operators make pledges to answer regulator's concerns Offer pricing promise on value brand SMARTY Antitrust regulator to make final decision by Dec. 7 Adds details in paragraph 5-6, shares in paragraph 11 By Paul Sandle LONDON, Sept 30 (Reuters) - Vodafone VOD.L and Hutchison's 0001.HK Three UK said they would commit to keep prices low on their value brand for two years and give better access to wholesale operators in
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Reuters - 3天前

Vodafone and Hutchison offer price pledges to answer deal concerns

Vodafone and Hutchison offer price pledges to answer deal concerns LONDON, Sept 30 (Reuters) - Vodafone VOD.L and Hutchison's 0001.HK Three UK have proposed committing to some limited pledges on consumer pricing and wholesale access in response to antitrust concerns about the merger of their businesses in Britain. The companies said they would maintain prices for value-focussed customers on the SMARTY value brand, as well as keep social tariffs and exclude vulnerable customers from mid-contract
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Reuters - 3天前

UK's CMA Says Vodafone UK, Three UK Said No Remedy Is Necessary In Merger Case

BRIEF-UK's CMA Says Vodafone UK, Three UK Said No Remedy Is Necessary In Merger Case Sept 30 (Reuters) - UK's CMA: UK'S CMA: VODAFONE UK, THREE UK SAY NO REMEDY IS NECESSARY IN THIS CASE UK'S CMA: VODAFONE UK,THREE UK SAY TO EXTENT CMA HAS RESIDUAL DOUBTS, PROPOSED NETWORK COMMITMENT PROVIDES APPROPRIATE, EFFECTIVE, PROPORTIONATE REMEDY UK'S CMA: V
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Reuters - 3天前

Alerts on CMA and Vodafone UK/Three UK withdrawn

ADVISORY-Alerts on CMA and Vodafone UK/Three UK withdrawn Sept 30 (Reuters) - The alerts on the Competition and Markets Authority (CMA) saying no remedy was necessary in the Vodafone, Three UK case were incorrectly sourced to the CMA, and are withdrawn. The comments published by the CMA were responses from Vodafone and Three UK on the CMA's notice of possible remedies, and not the CMA's own views.
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Reuters - 3天前

Vodafone And Three Disagree With CMA'S Provisional Findings

BRIEF-Vodafone And Three Disagree With CMA'S Provisional Findings Sept 30 (Reuters) - Vodafone Group PLC VOD.L : VODAFONE GROUP PLC - VODAFONE & THREE RESPOND POSSIBLE REMEDIES NOTICE VODAFONE : VODAFONE AND THREE DISAGREE WITH CMA'S PROVISIONAL FINDINGS VODAFONE : CONTINUE TO ENGAGE WITH CMA, REMAIN CONFIDENT CAN WORK WITH THEM TO SECURE APPROVAL
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Reuters - 3天前

Vodafone Says Transaction Approval From Shareholders No Longer Needed

BRIEF-Vodafone Says Transaction Approval From Shareholders No Longer Needed Sept 30 (Reuters) - Vodafone Group Plc VOD.L : UPDATE REGARDING VODAFONE ITALY CONFIRMS THAT TRANSACTION IS CLASSIFIED AS A SIGNIFICANT TRANSACTION AND SHAREHOLDER APPROVAL WILL NO LONGER BE REQUIRED BOARD CONFIRMS THAT, IN ITS OPINION, TRANSACTION IS IN BEST INTERESTS OF I
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Reuters - 1周前

DB resumes Swisscom with 'hold', expects Vodafone Italia deal to boost FCF

BUZZ-DB resumes Swisscom with 'hold', expects Vodafone Italia deal to boost FCF ** Deutsche Bank resumes coverage of Swisscom SCMN.S with "hold" saying it expects Vodafone Italia acquisition to increase co's free cash flow by 30% ** "There was pushback on that prospect but the transaction is now well-advanced and we incorporate from FY25," DB says
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Reuters - 1周前

Kenya's Safaricom raises $117 mln with local sustainability-linked loan

Kenya's Safaricom raises $117 mln with local sustainability-linked loan NAIROBI, Sept 24 (Reuters) - Kenya's biggest telecoms operator Safaricom SCOM.NR has raised 15 billion shillings ($116.73 million) via the second tranche of a sustainability-linked loan from a consortium of local banks, it said on Tuesday. The company, which is part-owned by South Africa's Vodacom VODJ.J and Britain's Vodafone VOD.L , started the sustainability-linked loan program last year when it raised a similar amount in
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Reuters - 1周前

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Northvolt Sept 23 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of June: BANKS * DNB DNB.OL : The Norwegian lender said on Sept. 10 it would cut the equivalent of 500 full-time jobs over the next six months, as it prepares for lower interest rates and tougher competition ahead.
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Reuters - 1周前

India's Vodafone Idea concludes $3.6 bln network equipment deal

RPT-India's Vodafone Idea concludes $3.6 bln network equipment deal RPT of story published September 22, 20243:47 PM GMT+8 By Swati Bhat MUMBAI, Sept 23 (Reuters) - India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia NOKIA.HE , Ericsson ERICb.ST and Samsung 005930.KS for supply of equipment over a period of three years, it said in a statement to exchanges.
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Reuters - 1周前

India's Vodafone Idea concludes $3.6 bln network equipment deal

RPT-India's Vodafone Idea concludes $3.6 bln network equipment deal RPT of story published September 22, 20243:47 PM GMT+8 By Swati Bhat MUMBAI, Sept 23 (Reuters) - India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia NOKIA.HE , Ericsson ERICb.ST and Samsung 005930.KS for supply of equipment over a period of three years, it said in a statement to exchanges.
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Reuters - 2周前

India's Vodafone Idea concludes $3.6 bln network equipment deal

India's Vodafone Idea concludes $3.6 bln network equipment deal By Swati Bhat MUMBAI, Sept 22 (Reuters) - India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia NOKIA.HE , Ericsson ERICb.ST and Samsung 005930.KS for supply of equipment over a period of three years, it said in a statement to exchanges.
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Reuters - 2周前

India’s open for business push has local quirks

RPT-BREAKINGVIEWS-India’s open for business push has local quirks The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Shritama Bose MUMBAI, Sept 20 (Reuters Breakingviews) - Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India. Yet a growing list of firms including BlackRock BLK.N , BMW BMWG.DE and Shein are expanding in the country in partnership with local tycoons.
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Reuters - 2周前

India’s open for business push has local quirks

RPT-BREAKINGVIEWS-India’s open for business push has local quirks The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Shritama Bose MUMBAI, Sept 20 (Reuters Breakingviews) - Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India. Yet a growing list of firms including BlackRock BLK.N , BMW BMWG.DE and Shein are expanding in the country in partnership with local tycoons.
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Reuters - 2周前

South African Markets - Factors to watch on Sept 20

South African Markets - Factors to watch on Sept 20 JOHANNESBURG, Sept 20 (Reuters) - The following scheduled economic event, company announcement, equity and currency market moves may affect South African markets on Friday. ECONOMIC EVENTS South Africa's government will hold its weekly auction of inflation-linked bonds. COMPANIES South African petrochemicals company Sasol and state-owned power utility Eskom will sign agreement on sustainable energy solutions.
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Reuters - 2周前

India’s open for business push has local quirks

BREAKINGVIEWS-India’s open for business push has local quirks The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Shritama Bose MUMBAI, Sept 20(Reuters Breakingviews) - Prime Minister Narendra Modi has spent much of the past decade lowering barriers to foreign investment in India. Yet a growing list of firms including BlackRock BLK.N , BMW BMWG.DE and Shein are expanding in the country in partnership with local tycoons.
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Reuters - 2周前

Indian telecom carriers tussle with government over licence fees

TIMELINE-Indian telecom carriers tussle with government over licence fees BENGALURU, Sept 19 (Reuters) - India's Supreme Court on Thursday rejected a request by telecom companies including Vodafone Idea VODA.NS and Bharti Airtel BRTI.NS to recalculate how much they owe the government in licence fees. The long-standing issue has whittled away at debt-ridden Vodafone's cash flow and threatened its survival in the Indian telecom market which is dominated by Airtel and Reliance Industries' RELI.NS J
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Reuters - 2周前

India's top court rejects telcos' plea on dues owed to govt; shares slump

UPDATE 2-India's top court rejects telcos' plea on dues owed to govt; shares slump Vodafone Idea, Bharti Airtel owe about $12 bln in dues to govt - ICRA Vodafone Idea shares closed 19.5% lower on Thursday Recasts, adds analyst comment in paragraphs 9, 10; adds context throughout By Aleef Jahan C S and VarunVyas Hebbalalu BENGALURU, Sept 19 (Reuters) - India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-sad
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Reuters - 2周前

Indian telecom firms' shares falter as top court rejects plea to recompute dues

BUZZ-Indian telecom firms' shares falter as top court rejects plea to recompute dues ** Shares of Vodafone Idea VODA.NS fall to the exchange-set limit of 10%, Bharti Airtel BRTI.NS briefly turned negative ** Telecom infrastructure provider Indus Towers INUS.NS down max-allowed 10% ** India's top court rejects telecom firms' plea to correct alleged
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