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Cambridge biotech started by Flagship Pioneering raises another $189m bostonglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonglobe.com Daily Mail and Mail on Sunday newspapers.
India: NIIF may acquire part of Ashoka’s road assets
Photo: Pixabay
April 12, 2021
India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), has emerged as the buyer of the hybrid annuity road assets of Ashoka Concessions Ltd for an equity value of around $100 million, said two people aware of the development on condition of anonymity.
Ashoka Concessions’ roads portfolio comprises 15 projects, including six operational toll assets under the build, operate, transfer (BOT) model, one operational BOT annuity project and eight under-construction hybrid annuity projects.
The proposed deal with NIIF is only for the hybrid annuity model (HAM) assets. EY is running the sales process for the highways infrastructure company.
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Paul Chiasson/The Canadian Press
Telesat is racing to launch a low-earth-orbit (LEO) satellite constellation to provide high-speed global broadband from space, pitting the satellite communications firm founded in 1969 against two trailblazing billionaires, Elon Musk and Jeff Bezos.
Musk, the Tesla Inc CEO who was only a year old when Telesat launched its first satellite, is putting the so-called Starlink LEO into orbit with his company SpaceX, and Amazon.com Inc, which Bezos founded, is planning a LEO called Project Kuiper. Bezos also owns Blue Origin, which builds rockets.
Telesat to provide fast broadband tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.