Zain's Saudi Arabian subsidiary has secured a US$600 million Islamic loan, although it has had to be guaranteed by the parent company. Click here for more.
IKEA founder Ingvar Kamprad has left the parent company of the furniture brand and his son has been appointed chairman, representing the latest step in the 87-year-old billionaire's continuing handoff of power.
Plan would require lenders to forgive debt in exchange for an undetermined amount of equity in the parent company and $5bn in cash or new debt at other units
Telecom operator Uninor incurred expenses of around Rs 48 crore towards shutting down its Mumbai operations in February. Telenor, the parent company of Uninor in ‘pre Q1 2013 estimates’ sai...
Mobile traffic to the website arm of the UK tabloid newspaper, the Daily Mail has now reached 43% of all visitors, according to a trading statement from the parent company. Click here for more.
Alteva (previously referred to as WVT Communications Group) (NYSE MKT: ALTV), the parent company of leading cloud communications pioneers, announces today that it is expanding its wholesale hosted Unified Communications offering to include...
The deal comes after a study aimed at boosting the overall valuation of the parent company and attracts strong interest from event-driven hedge funds as well as long-only investors.
The deal comes after a study aimed at boosting the overall valuation of the parent company and attracts strong interest from event-driven hedge funds as well as long-only investors.
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