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India’s Ratan Tata has made an undisclosed investment in Xiaomi as the Chinese smartphone maker sets the country up as flag bearer for its international expansion drive.
The Indian industrialist is best known for being the former chairman of Mumbai-based conglomerate Tata Group, owner of Tata Communications. He stepped down from the role in 2012 to focus on Tata’s charitable trusts and investing in start ups.
Australian ISP iiNet’s shares soared more than 17% after rival M2 said it had made a competing proposal worth about A$1.6bn (US$1.3bn) to buy the group.
The indicative, non-binding and incomplete offer is higher than the A$1.4bn (US$1.1bn) deal that local player TPG Telecom lodged last month.
A&T has priced US$17.5bn of senior unsecured notes in six tranches.
The offering includes US$3bn of 2.4% notes due 2020, US$2.75bn of 3% notes due 2022, US$5bn of 3.4% notes due 2025, US$2.5bn of 4.5% notes due 2035, US$3.5bn of 4.75% notes due 2046 and US$750m of floating-rate global notes due 2020, according to a company SEC filing.
France’s Conseil Superieur de l’Audiovisuel, has appointed Delphine Ernotte Cunci as chairman of France Televisions. She will move from her current role as deputy CEO at Orange France.
Stephane Richard, chairman and CEO of Orange, congratulated Ms Ernotte and commended her role in the company’s “successful deployment of very high-speed fixed and mobile networks – fibre and 4G –, through the launch of investment programmes that are accelerating today”.
Comcast has abandoned its planned US$45bn takeover of rival Time Warner Cable (TWC), which would have combined the US’ two largest cable and broadband providers. Analysts have said Comcast may now turn its attention overseas.
As widely anticipated, Comcast announced today that both its merger agreement with TWC and its transactions agreement with Charter Communications have been terminated.
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