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Solutions 30 Plunges as Auditor Fails to Sign Off 2020 Accounts


May 25 2021, 12:11 AM
May 24 2021, 1:42 PM
May 25 2021, 12:11 AM
(Bloomberg) The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t sign off on its 2020 accounts.
(Bloomberg) The disarray at Solutions 30 SE deepened as the European technology-services company, first targeted in 2019 by activist short seller Muddy Waters Capital LLC, said its auditor couldn’t sign off on its 2020 accounts.
The company, which counts Telecom Italia SpA among its customers, saw much of its 1.1 billion-euro ($1.4 billion) market value wiped out Monday as the shares began trading again following a two-week halt. Luxembourg-based Solutions 30 published its own unaudited accounts over the weekend after Ernst & Young LLP said it hadn’t been given the information necessary to perform the audit itself. ....

France General , Muddy Waters , Eric Hassid , Emmanuel Matot , Telecom Italia Sp , Ernst Young , Muddy Waters Capital , Telecom Italia Spa , Water Carson Block , Voleon Capital , Swedbank Robur Fonder , பிரான்ஸ் ஜநரல் , சேற்று நீர் , தொலை தொடர்பு இத்தாலியா ஸ்ப் , எர்னிஸ்ட இளம் , சேற்று நீர் மூலதனம் , தொலை தொடர்பு இத்தாலியா ஸ்பா , தண்ணீர் கார்சன் தொகுதி ,

2021 outlook for Latin American multichannel, broadband market


Highlights
Traditional multichannel subs to show moderate growth during the year as cable and IPTV connections increase and direct-to-home continues its downward trend.
Residential fixed broadband subscribers to expand by 5.6% in 2021, a much faster pace than the multichannel industry s expected growth of 0.3% in the same period.
After the devastating effects of COVID-19 in the Latin America and Caribbean region, 2021 will likely see the start of an economic recovery that could continue telecommunications trends from previous years, with fixed broadband leading growth, mostly supported by the expansion of fiber optic networks.
Traditional multichannel subscriptions are expected to show moderate growth during the year as cable and IPTV connections increase and direct-to-home continues its downward trend. ....

United States , El Salvador , Costa Rica , Costa Rican , Claro Brasil , Liberty Latin America , Michel Temer , Laura Abasolo , Telecom Italia Sp , Telxius Telecom , Huawei Investment Holding Co , Goldman Sachs , World Bank , Vrio Corp , American Tower Corporation , T Inc , Un Economic Commission For Latin America , Latin America , South American , Central American , South America , Scale Capital , Telecom Italia Spa , Latin American , Latin Americans , Digital Agenda ,

Brazil's TIM, Telefonica and Claro win Oi mobile assets in $3.2 billion bid


2 Min Read
SAO PAULO (Reuters) -TIM Participacoes, Telefonica Brasil SA and America Movil SAB de CV’s Claro won an auction on Monday to acquire the mobile operations of Brazil’s Oi SA with a joint bid of 16.5 billion reais ($3.23 billion), the companies said in a series of securities filings.
The winning trio, which had submitted an initial bid in July, plans to split Oi’s assets once they have antitrust approval. Oi, which filed for bankruptcy protection in 2016, is selling assets to repay creditors.
The group was the auction’s sole bidder, according to the filings.
The companies said the base price came to 15.744 billion reais, with another 756 million reais to finance so-called “transition services,” which Oi will carry out over the next year in order to facilitate the transfer of assets. ....

Chris Reese , Sonya Hepinstall , America Movil , Telefonica Brasil , Alexander Smith , Thomson Reuters Trust Principles , Telecom Italia Sp , Telecom Italia Spa , Carolina Mandladditional , Gram Slattery Editing , Thomson Reuters Trust , கிறிஸ் ரீஸ் , அமெரிக்கா மோவில் , டெலிஃபோனிகா பிரேசில் , அலெக்சாண்டர் ஸ்மித் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தொலை தொடர்பு இத்தாலியா ஸ்ப் , தொலை தொடர்பு இத்தாலியா ஸ்பா , கிராம் ஸ்லேட்டரி திருத்துதல் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,