Cellnex Telecom detailed plans to increase its share capital by €4 billion, seeking to attract new funds as it looks expand its telecoms infrastructure portfolio across Europe.In a statement, the infrastructure company said its board of directors had approved plans to issue 101.4 million new shares priced at €39.45 each, a 25 per cent discount on its closing price of €56.14 yesterday (22 July).The company said it will use the funds to build up a war chest to fuel growth via acquisition, revealing it is actively analysing market opportunities for an aggregate amount of up to €11 billion.Financial Times reported Cellnex Telecom’s move would make it Europe’s largest equity offering of 2020, building on growth since the company’s IPO in 2015.The company already announced investments, or commitments to invest, approximately €14.1 billion until 2027 for the acquisition or construction of 50,400 telecoms sites across eight countries, adding to 10,400 sites it already owns.CEO Tobias Martinez said the company would use the fresh resources to consolidate and expand its position in the eight countries it is present in, as well as look to other European markets.“Beyond agreements closed in 2019 and the first six months of 2020, we continue to analyse growth prospects,” he said.Cellnex Telecom significantly boosted its position in Portugal over the past 12 months, striking a deal in April to acquire 2,000 telecoms sites from operator Nos: at the start of the year, it signed an €800 million deal to acquire Portuguese tower operator Omtel Subscribe to our daily newsletter Back Related Previous ArticleSpeculation mounts on Huawei position in FranceNext ArticleOrange launches banking play in Africa Cellnex catalysing US tower moves in Europe Author Kavit Majithia Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 23 JUL 2020 Home Cellnex targets European growth with €4B war chest Cellnex estimula la llegada a Europa de las empresas de torres de EEUU UK examines Cellnex tower buy Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Cellnex
Share BusinessLocalNews Flow launches Christmas Campaign by: – November 15, 2017 Share Sharing is caring! Share Tweet 108 Views no discussions Press ReleaseRoseau, Dominica – October 12th, 2017 – As the country endeavours to return to a state of normalcy following the destruction ravaged on the island following the passage of Hurricane Maria, Flow Dominica is bringing the joy of Christmas with the launch of its Christmas campaign today.Customers visiting the Flow store today will be first to enjoy special deals, free gifts and some delicious traditional Christmas treats including ginger beer and fruit cake. The campaign features the very popular ZTE Blade at an attractive price of $199 including a free 7-day combo plan with 300 anywhere local minutes, 500 MB data and 300 texts for prepaid subscribers. New post-paid subscribers will get the handset free upon signup of our attractive post-paid combo plans. Data is an important need for customers at this time as they navigate through social media, stay in touch via whatsapp and conduct business using their Flow mobile. A double data offer forms part of the Christmas campaign and is available to both Post and prepaid customers. Every week a one thousand dollar cash prize will be given away to a lucky Flow customer who activates a 7-day or higher combo plan. Both post and prepaid customers qualify for the weekly prize. Flow’s Commercial Manager Lorraine Mitchell says the Christmas campaign is focused on the customers’ needs at this time. “Following hurricane Maria, we have realised our customers have a critical need to communicate. Many would have lost their handsets and in response we have made available an affordable handset to our customers with the ZTE Blade”. Miss Mitchell indicated that another important need for customers is data, and again the company responded with the double data offer to make communication much easier during the Christmas season. Customers are invited to visit the Flow store from 3pm today and enjoy the special offers at the store this Christmas.
Here are this weekend’s picks as The Morning Reaction will pick every NFL game as well as local college football contests this season. And as a special treat, they pick their respective high schools’ games.Drew Forrester finished 11-2 last week while Luke Jones was 8-5 in Week 8. Forrester is 81-35 through eight weeks and Jones is 76-40 overall. Official standings are only kept based on the NFL picks.(Editor’s note: Drew and Luke each correctly picked San Diego to beat Kansas City on Thursday night.)To hear their full explanations, click HERE.Ravens at Browns: Baltimore 22-13 (Drew), Baltimore 23-20 (Luke)Broncos at Bengals: Cincinnati 23-20 (Drew), Denver 27-21 (Luke)Cardinals at Packers: Green Bay 28-10 (Drew), Green Bay 31-17 (Luke)Dolphins at Colts: Indianapolis 24-20 (Drew), Miami 21-20 (Luke)Bills at Texans: Houston 27-20 (Drew), Houston 31-14 (Luke)Panthers at Redskins: Washington 21-9 (Drew), Washington 27-20 (Luke)Lions at Jaguars: Jacksonville 19-17 (Drew), Detroit 24-16 (Luke)Bears at Titans: Chicago 20-13 (Drew), Chicago 24-17 (Luke)Vikings at Seahawks: Seattle 30-13 (Drew), Seattle 27-21 (Luke)Buccaneers at Raiders: Oakland 21-6 (Drew), Oakland 17-16 (Luke)Steelers at Giants: New York 40-27 (Drew), New York 27-19 (Luke)Cowboys at Falcons: Dallas 24-21 (Drew), Atlanta 31-20 (Luke)Eagles at Saints: New Orleans 34-24 (Drew), New Orleans 24-20 (Luke)Georgia Tech at Maryland: Yellow Jackets 48-10 (Drew), Yellow Jackets 16-13 (Luke)Towson at Delaware: Tigers 38-30 (Drew), Tigers 34-27 (Luke)Florida Atlantic at Navy: Midshipmen 30-10 (Drew), Midshipmen 27-13 (Luke)Bethune-Cookman at Morgan State: Bears 50-16 (Drew), Wildcats 27-13 (Luke)Glen Burnie at Annapolis: Panthers 33-8 (Drew), Panthers 14-13 (Luke)Susquehannock at Dover: Eagles 40-17 (Drew), Warriors 20-13 (Luke)