Over 150 Million Euro have been raised by the acquisition company Perceva Capital. Perceva specialized in acquiring distressed companies. The funds were raised from over 12 institutional investors in France, Europe, Asia and the United States. The money will be invested in approximately 12 companies that are having financially or organizationally difficulties. Perceva’s president, Jean-Louis…
Category Archives: France
The Portugal Bailout
In order to raise 8.5 billion euros, France is starting to sell debt. The Netherlands, Belgium and Germany are also going to raise money. However, the focus is on Portugal which many think may be the next domino to fall in the debt crisis. If so, Protugal may be the third economy to receive a…
French Smartphone Users Get One-Time Gift Their Phones
A French tax rise means that many French smart phones owners will get their contracts canceled and get to keep their telecom subsidized smartphone. The French Government and the EU have pressured French telecommunications companies change VAT charges for internet service. Some of these companies have been charging this vat on smartphone contracts. These customers…
EDF Announces its Strategy for UK Nuclear Expansion
France’s nuclear utility is expected undertake a project to construct two 1600MW EPR reactors at Hinkley Point, England, by the end of year. EDF has already committed £1billion over the next year to prepare the groundwork for the decision. In addition, EDF has decided to invest £100m in prolonging the lives of two of its…
Big Internet Sites Should Pay For Users’ Data Needs According To European Mobile Operators.
Because the growth in smartphone use has made data demand soar, mobile networks demand that companies like Apple, Facebook, and Google pay for part of the network upgrades. The call from major operators, including Telecom Italia, France Telecom (Orange), and Vodafone, would require content providers to pay fees in proportion to the use of their…
France Intends to Raise Eur2 Billion from Auctioning The LTE Licenses
French Industry Minister, Eric Besson has confirmed that France hopes to raise approximately US$2.7 billion (Eur2 billion) from the sale of LTE licenses in 2011. Besson said “We are relatively confident,” because “These [800Mhz] frequencies are of very, very high quality.” French Telecom has already begun testing LTE technology. Recently, the regulator has extended the…
France Telecom concludes agreement with French Media Companies
France Telecom’s Orange group has signed an agreement with French press companies to distribute content online. The group is developing partnerships with internet content providers. Orange has publicized that it signed a deal in principle with GIE E-PRESSE PREMIUM. This organization includes France’s five biggest newspapers and three weekly magazines. Orange will distribute the free…
FRANCE TELECOM Closes its EUR 1 billion bonds tender offer. FTE issues 10-year bonds for EUR 750 million.
The tender offer for bonds launched by France Telecom closed with EUR 1.963 billion of orders received representing a hit rate of 36% of the total targeted bonds (4.625% January 2012, 4.375% February 2012 and 7.25% January 2013). According to its original goal, France Telecom has limited the amount of bonds bought back to EUR 1…
Iliad Third Quarter Revenue Increases By 5% To EURO 511.1 Million
Its third-quarter revenue of French Internet operator Iliad SA (ILD.FR) rose 5% as its Free brand subscribers continued to increase. Revenue was EUR511.1 million for the three months ended September 30. It was up from EUR486.7 million in the same period of 2009. Revenue was EUR1.53 billion for the first nine months of 2010, up…
France Telecom to Expand In Rural Africa
France Telecom is planning to take over rural Africa with a variety of low-cost products and services which are intended to double its sales in the region by 2015. The French operator is betting on rapid expansion in rapidly expanding markets in Africa and the Middle East to offset a slow decline in its longstanding…
