Prysmian to acquire General Cable in deal worth $3 billion

“The acquisition of General Cable represents a landmark moment for Prysmian Group and a strategic and unique opportunity to create value for our shareholders and customers,” said Valerio Battista, Prysmian’s chief executive in a statement. The deal values General Cable at around $30.00 (£22.50) per share and has been unanimously ratified by both boards.   […]

INT drops restrictions on TT, incumbent opts for status quo

Facilitating the move was a re-reading of Tunisia’s primary piece of legislation for the sector, the Telecommunications Code, rather than a modification of the legislation or the allocation of a new licence. Hichem Besbes, head of the National Telecommunications Authority (Instance Nationale des Telecommunications, INT) noted: ‘According to the former interpretation of the Telecommunications Code, Tunisie […]

AS the new vision 2030 Roadmap takes shape, Saudi business leaders prepare their firms to reap long-term benefits

Ogero head stakes reputation on 50 Mbps internet by 2018

“By the end of 2018, this is our objective: to have 85 percent of internet users in Lebanon enjoy … [at least] 50 Mbps,” Kreidieh told the CIO Lebanon Association’s annual conference, held at Beirut Airport. “The international benchmark is 35 Mbps.” Fifty Mbps would put Lebanon roughly on par with the U.K. and Germany, […]