Author: PageOne

Millicom closes USD300 million loan in Colombia
Global

Millicom closes USD300 million loan in Colombia

Swedish telecom group, Millicom International Cellular S.A. said its subsidiary Colombia Movil has raised USD300 million syndicated loan. Millicom said the loan, denominated in US dollars, carries an interest rate of 250 basis points over LIBOR and has an average maturity of 4.5 years. The Colombian unit of the group […]

Canada’s Bombardier to cut 2,200 jobs
aviation

Canada’s Bombardier to cut 2,200 jobs

Canadian aircraft maker, Bombardier said it will cut around 2,200 jobs at its German operation which is about a quarter of its total workforce in the country. According to Reuters, Most of the jobs would be cut at the company’s plants in Henningsdorf near Berlin and Goerlitz on the German […]

Altaba buys back its shares at USD53.20
Tech

Altaba buys back its shares at USD53.20

Altaba, formerly known as Yahoo Inc., has announced the result of its share buyback programme of USD3 billion. The share buyback was done via a “Dutch auction” self-tender offer to purchase up to $3.0 billion of shares of its common stock, which expired at 11:59 p.m., New York City time, […]

Red Star donates relief materials to IDPs in Adamawa
Pursuits

Red Star donates relief materials to IDPs in Adamawa

Red Star Foundation has donated some relief materials and food to internally displaced persons (IDPs) living in Malkohi camp located about forty kilometers away from Yola the Adamawa State capital. In a release available to PageOne.ng, the Adamawa State Emergency Management Agency (ADSEMA) on receiving the materials on behalf of the state government, commended Red […]

Eskom appoints Johnny Dladla as acting Group CEO
JSE SENS

Eskom appoints Johnny Dladla as acting Group CEO

The Eskom Board wishes to announce the appointment of Mr Johnny Dladla as acting Group Chief Executive with immediate effect. This follows intense consultations between the Minister and Eskom Board to arrive at a prudent choice. Both parties are of firm belief that Dladla’s experience and expertise will stabilize Eskom […]

English FA cuts sponsorship with betting companies
Sports

English FA cuts sponsorship with betting companies

The English Football Association (FA) has confirmed that it has ended all sponsorship with betting companies. The decision comes after a three months review by the FA, and it has agreed to end all sponsorships with betting companies from the end of the 2016/17 season, despite an ongoing commercial relationship […]

Samsung Heavy gets Statoil tanker contract
Energy

Samsung Heavy gets Statoil tanker contract

Statoil has awarded Samsung Heavy Industries, the construction of two twin skeg 125,000dwt tankers. The tankers will be due for delivery in 2019 and will be contracted to Statoil for operations both in oil fields on the Norwegian Continental Shelf of the North Sea, Norwegian Sea and the southern Barents […]

Eutelsat launches Konnect Africa broadband
Tech

Eutelsat launches Konnect Africa broadband

The Konnect Africa broadband venture set up by Eutelsat Communications has officially launched new-generation services in nine African countries which includes Nigeria, Cameroon, Kenya, Lesotho, Benin, South Africa, Swaziland, Tanzania and Uganda. Konnect Africa’s innovative service offerings and products, including packaged offers inspired by ‘pay as you go’ models and […]