Airtel Africa pays $30mln to extends Kenya licences
Airtel Africa PLC said it has agreed to settle US$30mln in licensing and operating fees with the Kenyan government through its Kenyan subsidiary, Airtel Kenya Networks Limited.
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Airtel Africa PLC said it has agreed to settle US$30mln in licensing and operating fees with the Kenyan government through its Kenyan subsidiary, Airtel Kenya Networks Limited.
The 28.1% stake in total was valued at around US$2.6bn based on the last closing price
Price rises of £43 a year follow similar hikes by BT and Virgin Media
The telecoms group has come under increasing pressure since its biggest shareholder, Patrick Drahi, upped his stake to 18% in December, sparking speculation a takeover bid was on the horizon
The sector has underperformed the broader market by 50 percentage points over the past five years.
Reports of consolidating business in Europe have intensified over the last week
Stories have been circulating for a number of weeks linking Vodafone Italia with Iliad’s Italian arm
Reports in the past month had linked the group with a merger with Three UK and Italian mobile group Iliad.
Sky is also under threat from a potentially rejuvenated competitor
Think of a number. Halve it. Add your birth year and the current temperature. Chances are you'll be closer to the non-farm payrolls number than many economists.
“The new business would be a 50/50 joint venture and operational later this year
The group expects adjusted revenue for the year to end-March 2022 to be 2% lower than in the prior year
There are at least 12 companies in the FTSE 350 with activist funds on the share register, including Vodafone, GSK and Unilever
It's a headline-making day on Thursday with interest rates, energy bills and oil profits just a few of the things in the mix
The mobile phone giant reaffirmed its guidance for its current financial year, forecasting adjusted underlying earnings of €15.2-15.4bn and adjusted free cash flow of at least €5.3bn
The Swedish hedge fund has neither declared the size of its stake nor explained publicly what its intentions are
Current estimates suggest that the full rollout should be completed by 2026
The new network would roll out fast fibre broadband to 7 million more British households
A source close to Cevian suggested the fund had been in contact with the FTSE 100 group for some months now
“We see rising competition in fixed infrastructure feeding through to retail"