Patsy Palmer 'does a Piers Morgan' as she quits a virtual GMB interview after the programme referenced her addiction past.
Patsy Palmer 'does a Piers Morgan' as she quits a virtual GMB interview after the programme referenced her addiction past.
(Bloomberg) -- Gulf Energy Development Pcl, Thailand’s biggest power producer by market value, offered to to acquire Intouch Holdings Pcl that control’s the nation’s largest mobile phone operator for as much as 169 billion baht ($5.4 billion). Intouch shares surged the most in more than a year.The Bangkok-based company, controlled by billionaire Sarath Ratanavadi, offered to buy 2.6 billion shares, or about 81% of Intouch, that it doesn’t already own at 65 baht each, it said in an exchange filing. The offer price is 11% higher than Intouch’s close on Friday. While Intouch shares jumped as much as 9% on Monday, the most since March 2020, Gulf Energy tumbled as much as 5.3% to its lowest level since November.Gulf Energy will also tender for 100% of Advanced Info Service Pcl, Thailand’s biggest mobile phone company controlled by Intouch, at 122.86 baht each. The Advanced Info offering will be subject to Gulf Energy securing at least 50% of Intouch, it said.Sarath, 56, Thailand’s second-richest person, has expanded his 10-year-old energy company into deep-sea port, tollway and telecommunication businesses as well as power projects in Vietnam, Oman and Germany. Acquisitions of Intouch and Advanced Info will generate long-term benefits from their potential and cash flows as Thailand’s leading telecommunication companies, Gulf Energy said.Gulf Energy’s proposed acquisition of Intouch would be Thailand’s third-biggest buyout deal, according to data compiled by Bloomberg. Singapore Telecommunications Ltd. is the biggest shareholder of Intouch after acquiring 21% stake from Temasek Holdings Pte in 2016, while SingTel also owns about 23% of Advanced Info, according to stock exchange data.Loans, CashSarath, Gulf Energy’s chief executive officer, has a net worth of about $9 billion, most of which comes from his and his family’s stake in the power producer, according to Bloomberg Billionaires Index.Gulf Energy will finance the acquisitions of Intouch and Advanced Info from cash flow and bank loans, according to the company’s statement. Shareholders will hold a meeting on June 25 to consider the proposed acquisitions.Most of Intouch’s earnings come from Advanced Info and Thaicom Pcl, the nation’s biggest satellite operator. It also invests in technology startups. Gulf Energy will request the regulator to waive a mandatory requirement to make tender offer for Thaicom, it said.Thaicom shares surged as much as 9.2%, while Advanced Info fell 0.6% as of 10:41 a.m. in Bangkok.(Updates shares in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Joy, actually: happy reunions fill Auckland airport as trans-Tasman bubble begins. Emotional scenes in arrivals hall as hundreds of travellers touch down on first day of quarantine-free travel from Australia
Actor is releasing new book on her private life and personal struggles
“We’ve all agreed for a long time that we need to invest more in American infrastructure, we just disagree about how to pay for it," Sen. Chris Coons said.
Two men have been killed after a Tesla crashed into a tree and burst into flames, and officials have said no one was in the driver's seat. The 2019 Tesla Model S was travelling at high speed at the time of the incident on Saturday night in Texas. After the fire was extinguished, one of the victims was found in the front passenger seat, while the other was in the back.
Hotly-anticipated thriller “Seobok” opened on top of the box office in South Korea over the weekend, despite also premiering on streaming video. It was comfortably ahead of second-placed film, another new release, “Detective Conan: The Scarlett Bullet.” Together the top two films managed to return overall theatrical revenues back to the depressed range that they […]
Millicom signs agreements to conclude Africa divestiture program Luxembourg, April 19, 2021 – Millicom International Cellular S.A. (“Millicom”) announces that it has signed agreements for the sale of its operations in Tanzania and for its stake in the AirtelTigo joint venture in Ghana. Once closed, the transactions will complete Millicom’s multi-year plan to divest its African operations and focus on its Latin America markets. In Tanzania, Millicom has agreed to sell its entire operations to a consortium led by Axian, a pan-African group that was part of the consortium that acquired Millicom’s operations in Senegal in 2018. In Ghana, Millicom along with its joint venture partner, Bharti Airtel Limited, have signed a definitive agreement for the transfer of AirtelTigo to the Government of Ghana. Millicom will take a $25 million charge as a result of this agreement. Millicom CEO, Mauricio Ramos, commented: “Today Tigo is a leading provider of broadband services to consumers, businesses and governments in Latin America, where penetration and data speeds remain low by the standards of more mature markets. Through our investment-led strategy, we are bringing reliable high-speed mobile and fixed broadband to the communities we serve in the region. With today’s announcement that we are divesting our remaining African businesses, we close a chapter in our history and open another solely focused on the Latin American region.” Financial details were not disclosed, and completion of each transaction is subject to customary closing conditions, including regulatory approvals. -END- For further information, please contact: Press: Vivian Kobeh, Corporate Communications Director+1 firstname.lastname@example.org Investors: Michel Morin, VP Investor Relations +1 786-628-5270 email@example.com Sarah Inmon, Director Investor Relations +1 786-628-5303 firstname.lastname@example.org About MillicomMillicom (NASDAQ U.S.: TIGO, Nasdaq Stockholm: TIGO_SDB) is a leading provider of cable and mobile services dedicated to emerging markets in Latin America and Africa. Millicom sets the pace when it comes to providing high-speed broadband and innovation around The Digital Lifestyle® services through its principal brand, TIGO. As of December 31, 2020, Millicom operating subsidiaries and joint ventures employed more than 21,000 people and provided mobile services to approximately 55 million customers, with a cable footprint of more than 12 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg. Attachment PR_Millicom signs agreements to conclude Africa divestiture program_041821
‘For months I’ve been telling Americans to get vaccinated when it’s your turn. Well, it’s your turn now’
(Bloomberg) -- Asian shares climbed and U.S. equity futures pared a drop Monday as the global economic recovery and corporate earnings prospects bolstered sentiment despite rising Covid-19 infections.Hong Kong and China outperformed and Japan turned higher. Nasdaq 100 contracts got a boost as Treasury yields slipped further below recent peaks. S&P 500 futures were steady after the gauge chalked a fourth week of gains.Bitcoin tumbled the most since February over the weekend, after reaching a record last week as crypto exchange Coinbase Global Inc. went public. The yen advanced and euro underperformed amid U.S.-Russia tension. The dollar ticked higher.Asian credit markets rallied, led by a rebound in China Huarong Asset Management Co. bonds. China’s financial regulator said the bad-debt manager had ample liquidity, in the first official comments since the company missed a deadline to report earnings.Robust economic data from China and the U.S. have buoyed investor sentiment, pushing the MSCI All-Country World Index to another record despite concerns surrounding the spread of Covid-19 variants. New infections in the past week surpassed 5.2 million, the most since the pandemic began.The risk of another destabilizing increase in borrowing costs has also subsided, as bond yields have pulled back from recent highs. This week traders will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace.“Our current view is that with short-term interest rates set to remain low for the medium term and our expectation that earnings will continue to increase, it is unlikely that the increase in long-term interest rates will trigger an equity market fall,” Russel Chesler, head of investments and capital markets at VanEck Australia, said in a note.The European Central Bank decision later in the week will also draw attention. The ECB is likely to keep policy unchanged, and to sound cautiously optimistic on the economy and stabilization in borrowing rates. It’s probably too soon for further details about the plans for the asset purchase program beyond the second quarter.Meanwhile, traders are also monitoring growing tensions between the U.S. and Russia over jailed opposition leader Alexey Navalny.Here are some key events to watch this week:Apple’s first product unveiling of the year on Tuesday.Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases manufacturing and services purchasing managers indexes Friday.These are some of the main moves in financial markets:StocksS&P 500 futures fell 0.2% as of 12:52 p.m. in Tokyo. The S&P 500 Index climbed 0.4%.Topix index rose 0.1%.Australia’s S&P/ASX 200 Index rose 0.2%.Hang Seng Index rose 0.8%.Shanghai Composite Index rose 1.3%Kospi index rose 0.2%.CurrenciesThe yen was at 108.66 per dollar, up 0.1%.The Bloomberg Dollar Spot Index rose 0.1%.The euro traded at $1.1954, down 0.2%.The offshore yuan was at 6.5272 per dollar.BondsThe yield on 10-year Treasuries fell one basis point to 1.57%.The yield on Australia’s 10-year bond was steady at 1.73%.CommoditiesWest Texas Intermediate crude lost 0.4% to $62.89 a barrel.Gold was at $1,777.44 an ounce, climbing 0.1%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Hip Hop Gods have spoken!
Kids these days: They’re just not programmed to watch TV like their elders. Generation Z displays strikingly different entertainment preferences than older age groups, according to Deloitte’s 2021 Digital Media Trends survey. Among Gen Z consumers in the U.S. (those currently aged 14-24), video games are their No. 1 entertainment activity — and watching TV […]
Microbes are ‘unknown unknowns’ despite being vital to all life, says study. Understanding these tiny organisms could be crucial to tackling threats such as coronavirus, but new research shows how little we know
My Vaccine Program (MVP) combines best-of-breed technologies to address consumer engagement, vaccine hesitancy & safety surveillance related to Covid
Chelsea put paid to Manchester City’s quadruple hopes in the FA Cup and Max Verstappen won an incident-packed race at Imola.
Skepticism and a shrug: Cubans greet the end of 62 years of Castro rulePeople in Havana more concerned about buying chicken suspect little will change with Raúl’s departure People carry groceries home in Havana. ‘I don’t think there’ll be significant changes,’ said one man. Photograph: Yamil Lage/AFP/Getty Images
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The 47-year-old previously won the event in 2000 and 2004.
P-MRC Holdings has made a deal with South by Southwest that would make the media company a long-term partner with and shareholder of the Austin, TX festival. P-MRC, which has acquired 50% of SXSW, is a joint venture between Deadline parent company Penske Media Corporation and MRC. “It has been an incredibly tough period for […]
Brady's February knee procedure was reportedly more serious than initially reported.
Luke Bryan won the top prize, entertainer of the year, at Sunday’s Academy of Country Music Awards, accepting the honor via remote from Los Angeles, where he had just made a surprise return to his “American Idol” hosting duties after recovering from COVID-19. Bryan had publicly announced only six days ago that he was diagnosed […]