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Imta European stocks show resilience to China market fall
Korean-based SK Telecom steps in to make a bigger investment in the project Struggling EarthLink has stepped back from further fundingHelio, its U.S. mobile joint venture with SK Telecom, amid hints that the S stanley cup website outh Korean cellular carrier may become the majority shareholder.Helio, founded in 2005 and launched last year, continues to bleed cash even as it gains subscribers. It is expected to lose between $340 million and $360 million this year, according to EarthLink. But SK Telecom has now invested an additional $270 million in the venture, EarthLink confirmed Friday. At the same time, EarthLink said it wonrsquo;t invest any more in Helio for the time being. The ISP is grappling with declining dial-up subscriptions and has already put most of its municipal wireless business on hold.EarthLin stanley tazza k Friday said it is in discussions with SK Telecom to amend their Helio agreement to reflect the additional investment by SK Telecom and their future governance of Helio, suggesting SK Telecom might take on a larger share of the venture, currently split 50-50. In its own news release, SK Telecom said Helio may be able to raise funds from the market without drawing further investment from either parent. That c stanley becher ould mean venture capital, an IPO, or other sources, said Helio spokesman Rick Heineman. Helio is one of the biggest U.S. examples of an MVNO mobile virtual network operator , a service provider that piggybacks on an existing carrierrsquo network and tries to stand ou Zdzx Osborne rsquo budget target leaves ldquo;limited fiscal flexibility rdquo;, says Fitch
Thursday 28 November 2013 5:06 amFrench group Suez takes on west Londonrsquo waste with 25-year contractBy: Harriet GreenShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailSuez Environnement subsidiary Sita UK is leading a consortium that has just signed a pound;760m, 25-year residual waste contract with the West London Waste Authority WLWA . Over its duration, the contract is worth pound;1.4bn, and will see pound;244m invested into new infrastructure.Sita UK, along with partners Scottish Widows Investment Partners and Itochu Corporation, will develop infrastructure to manage up to 300,000 tonnes of residual municipal waste every year. Residual waste is wh stanley thermoskanne at s left over once recyclable materia stanley usa l has been taken out. The consortium will collect the waste from the London boroughs of Brent, Ealing, Harrow, Hillingdon, Hounslow and Richmond upon Thames ndash; that s a combined population of 1.6m ndash; and transport it by rail to the new Severnside Energy Recovery Centre in South Gloucester.The 34 megawatt facility will produce enough electricity to power the equivalent of 50,000 homes and also provide heat to local businesses. The solution will enable the WLWA to divert 96 per cent of its waste from landfill and is expected to save two million tonnes of CO2 over the contract period.Construction on the Severnside stanley cana Recovery Centre is due to start in December, with expectations that it ll be finished in 2016. It |
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