Telefónica announced an agreement with AllianceBernstein to acquire an additional stake of up to approximately 5.74% of the share capital of the China Netcom. he acquisition will be structured in two tranches, (i) the first tranche will be in respect of shares representing approximately 2.71% of the issued share capital of CNC as of the date hereof, and (ii) the second tranche will be in respect of a number of shares in CHINA UNICOM LIMITED ("CU") issued after its merger with CNC in exchange of shares representing up to a 3.03% stake
in CNC.
After the first tranche acquisition, which will be closed in the following days, Telefónica's stake in CNC would represent approximately 9.9% (inclusive of the acquisition of a 2.2% stake announced on January 18, 2008 which is pending regulatory approvals).
In the event of the acquisition of the entire stake involved in the second tranche, Telefónica's pro forma shareholding in the enlarged entity resulting from the merger of CU and CNC following the completion of the Scheme would stand at approximately 5.50% (inclusive of the
above mentioned acquisition of a 2.2% stake in CNC which is pending regulatory approvals).
The acquisition of the first tranche will involve a total investment of approximately EUR 368 million (depending on the exchange rate prevailing when the transaction is closed). The purchase price of the shares in the second tranche may be adjusted according to the average of closing
prices of the CNC shares prior to the merger between CNC and CU. If completed, the acquisition of the entire stake of the second tranche would involve a total investment of approximately between EUR 392 million and EUR 434 million.http://www.telefonica.es
in CNC.
After the first tranche acquisition, which will be closed in the following days, Telefónica's stake in CNC would represent approximately 9.9% (inclusive of the acquisition of a 2.2% stake announced on January 18, 2008 which is pending regulatory approvals).
In the event of the acquisition of the entire stake involved in the second tranche, Telefónica's pro forma shareholding in the enlarged entity resulting from the merger of CU and CNC following the completion of the Scheme would stand at approximately 5.50% (inclusive of the
above mentioned acquisition of a 2.2% stake in CNC which is pending regulatory approvals).
The acquisition of the first tranche will involve a total investment of approximately EUR 368 million (depending on the exchange rate prevailing when the transaction is closed). The purchase price of the shares in the second tranche may be adjusted according to the average of closing
prices of the CNC shares prior to the merger between CNC and CU. If completed, the acquisition of the entire stake of the second tranche would involve a total investment of approximately between EUR 392 million and EUR 434 million.http://www.telefonica.es
The solution, which co-exists within Bell's current 10G network. is built on Nortel's Optical Multiservice Edge 6500 and runs over the Nortel Common Photonic Layer line system. Financial terms were not disclosed.
http://www.comscore.com
Similar to TiVo HD, dual tuners allow subscribers to record two different shows in HD at the same time, while watching a third pre-recorded show. The unit uses a 1TB (1,000GB) hard disk drive.http://www.tivo.com
Specifically, the proceeds will fund WildBlue's recently launched customer equipment leasing program, enabling the company's service to be offered to new customers throughout rural America at the lowest upfront price in the company's history. WildBlue will also expand its workforce in the areas of customer care and field service operations.
