BRUSSELS, Feb 7 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — French sea transportation company CMA CGM to acquire sole control over Swiss freight forwarding and logistics company CEVA (approved Feb. 6) — U.S.-established Ares Management Corp. and energy company Electricite de France SA to acquire joint control over a Duesseldorf office complex owned by an IKB AG subsidiary (approved Feb. 6) — Japanese technology group NEC to acquire sole control of Danish IT company KMD Holding (approved Feb. 6) — Private equity firm Triton to acquire sole control of online tour operator Sunweb (approved Feb. 6) NEW LISTINGS — UK-based asset manager Intermediate Capital Group to acquire control of Grupo Konectanet, S.L. and Konecta Activos Immobiliarios, S.L. and companies controlled by them (notified Feb. 5/deadline March 12/simplified) — Swedish investment … [Read more...] about EU mergers and takeovers (Feb 7)
Uk telecom market share
ONECOM, the UK's largest independent telecommunications provider, has secured a five-year agreement with FinTrU to provide telecoms solutions to its Belfast and north west offices.Onecom, which opened a Northern Ireland office two years ago and has grown its sales to more than £2 million, offers a variety of different products and services to help businesses, ranging from sole trader to multi-nationals.Its regional office head Paul Lawther said: “This is a significant deal for Onecom as our Belfast office heads towards its second anniversary. Last year we secured significant contracts with a number of new customers such as the Irish Football Association and Concern Worldwide.“FinTrU is one of the most exciting companies to come out of Northern Ireland in recent years and we're delighted to have secured this new partnership. There is a good synergy between both companies who demonstrate an entrepreneurial nature with customers at their core.”He added: … [Read more...] about Onecom ‘pockets’ five year contract with FinTru
* Highest annual total since 2015 * Refinancing makes up 62% of activity By Alasdair Reilly, David Brooke and Prudence Ho LONDON, Jan 3 (LPC) - Syndicated lending in Europe, the Middle East and Africa in 2018 broke the trillion dollar mark for the first time in three years as volume rose 17.4% to US$1.05trn due to increased refinancing activity and stable levels of M&A financing, according to LPC data. Annual volume is the highest since $1.16trn was raised in 2015, as companies moved to secure medium-term liquidity or made acquisitions to consolidate market positions ahead of a highly uncertain 2019. The number of deals completed also increased by 13% in 2018 to 1,647 deals from 1,453 in 2017. Despite the lead up to a potentially disorderly Brexit, the ending of the EU’s quantitative easing programme, rising interest rates, fears of a US-China trade war and other macroeconomic concerns; continued competition between lenders meant a benign market for borrowers, which … [Read more...] about EMEA lending rises to US$1.05trn in 2018
THERE is no doubt that 5G is the future. Expect faster and better mobile broadband. 5G represents the next evolution in mobile technology.With mobile data usage by consumers and businesses up 40 per cent on last year, the need and the want for data and speed are both there and it will be mobile network operators most likely to form the vanguard to quench this thirst. Almost every aspect of modern life is undertaken on the move via handsets of varying sizes, whether engaging with friends over social media on a mobile or undertaking a conference call with colleagues on a tablet.The scope and potential for 5G usage is huge, as it promises speeds of 10-20gbps. This will offer exciting new capabilities across sectors such as manufacturing, transport and healthcare that can only be realised through innovation and invention. With more data being able to be transferred quicker between devices, 5G will enhance the future capabilities of drone, environmental, retail and logistics … [Read more...] about 5G is on the money
autos Updated 19th October 2017 Credit: How Chinese start-ups are disrupting the electric supercar market Written by John McIlroy, CNN John McIlroy is Deputy Editor of Auto Express and Carbuyer. It's not often that a start-up can claim to be a world-beater from the off. But that's precisely what's happening in the auto industry, where Chinese unknown NextEV has launched what it claims is the world's fastest electric car. Pure-electric cars have been around for decades but only in the past five years or so have the mainstream manufacturers really started to take them seriously -- prompted by tightening rules over when and where conventionally powered vehicles can be driven, and battery technology that has made them more usable in the real world. NextEV's NIO EP9Credit: Chris Welch/CNN As such, there have already been a few upstarts, most notably Elon Musk's Tesla, which confounded the giant car brands by launching precisely the vehicle they said was impossible … [Read more...] about Is China’s electric NextEV faster than Tesla?