By Reuters Staff
2 Min Read
MADRID, May 5 (Reuters) - Spanish telecom firm MasMovil sold a majority stake in its fibre optic network covering 1.1 million rural homes across Spain to independent operator Onivia, a spokeswoman for Onivia said on Wednesday.
Onivia’s owners - the funds Macquarie, Aberdeen and Daiwa - have bought a 51% stake in MasMovil’s fibre-to-the-home network (FTTH), which includes over a thousand municipalities with fewer than 25,000 inhabitants, for 390 million euros ($467.77 million), a source close to the deal said.
“MasMovil will retain a 49% stake in the network, and Orange will also be a client, leasing access to at least 750,000 homes,” the source told Reuters on Wednesday.
By Reuters Staff
2 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
April 29 (Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve’s pledge to stick to loose monetary policy.
The pan-European STOXX 600 index rose 0.4% by 0713 GMT, trading just about 3 points below its record peak.
Consumer goods giant Unilever rose 3.2% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme up to 3 billion euros ($3.6 billion).
3 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) Nokia surges to top of STOXX 600 China sales drive Unilever Q1 beat German job market data disappoints (Adds comments, updates prices)
April 29 (Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve’s pledge to stick to loose monetary policy.
The pan-European STOXX 600 index rose 0.5% to 442 points, marginally below its record peak of 443.61.
Consumer goods giant Unilever rose 2.7% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme of up to 3 billion euros ($3.6 billion).
Yum China, WH Group gain on strong Q1 earnings China set to report first population drop since 1949
SHANGHAI, April 28 (Reuters) - Hong Kong shares closed higher on Wednesday, with financials and consumer staples leading gains on the back of strong corporate earnings, while investors await cues on policy from politburo meetings due later this week. At the close of trade, the Hang Seng index was up 129.80 points or 0.45% at 29,071.34. The Hang Seng China Enterprises index rose 0.28% to 11,014.69. The sub-index of the Hang Seng tracking energy shares rose 0.1%, while the IT sector edged up 0.16%, the financial sector ended 0.97% higher and the property sector dipped 0.14%.
By Reuters Staff
2 Min Read
Commuters watch videos on their mobile phones as they travel in a suburban train in Mumbai, India, April 2, 2016. REUTERS/Shailesh Andrade/File Photo
BENGALURU (Reuters) - India’s smartphone sales set a record for the January-to-March quarter this year, but a massive second wave of COVID-19 infections will hit future sales in the world’s No.2 smartphone market, a research report showed on Monday.
Indians bought more smartphones during the period due to pent up demand after a pandemic-ravaged 2020, sending phone shipments up 23% year-over-year to more than 38 million units, the best sales for any first quarter, research firm Counterpoint said.