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Memory chips are set to help lift the South Korean company’s quarterly operating profit 28% to $13 bln. Growth at its small semiconductor design and manufacturing arms also warrant greater attention. Customers like Tesla could make the units secret weapons against Taiwan's titan.
The Abu Dhabi-owned chip manufacturer has filed for a U.S. IPO. It has tailwinds thanks to industry capacity shortages and Western countries’ desire to produce semiconductors at home. But it’s plagued by persistent losses and a reported $25 billion valuation looks a stretch.
France’s Eutelsat rejected the telecom billionaire’s $3.2 bln bid. If a follow-up offer succeeds, Drahi could pursue a cost-saving merger with rival SES, whose TV-signal business is also succumbing to gravity. A chunky spectrum refund from the U.S. government makes a deal easier.
The African state owes Chinese lenders $6.6 bln, twice as much as previously thought. That doesn’t change its overall debt burden, just the mix of creditors. But it alters the power balance in restructuring talks. The case for borrowers to be more transparent just got stronger.
Combining CK Hutchison’s local 3 unit with Ooredoo’s Indosat produces a $6 bln No. 2 player and synergies of $400 mln. If past industry tie-ups in similar markets are a guide, the Hong Kong and Qatari groups’ deal will also lift rivals’ revenue and cut their costs too.