OSLO: Telenor Group announced during the quarter ended December 31, 2019, subscription and traffic revenues increased by 2% and operating expenses decreased by 6%. As a result, EBITDA improved by 5%. “In Norway, growth in mobile revenues continued with further ARPU improvement, and we were able to offset copper revenue decline with growth in fibre…
DOF Subsea awarded multiple contracts across North America
OSLO: DOF Subsea has announced multiple contract awards from undisclosed clients across the North America region. The Group has secured contracts for pre-lay and LBL array installation activities in Guyana, subsea installation work in Trinidad and well-head removal work in Canada. All three contract awards will utilise Skandi Neptune. The Harvey Deep Sea has received…
Euro Manganese signs MoU with JFE Steel for technical collaboration
VANCOUVER: Euro Manganese Inc., a Canadian mineral resource company, has entered into a memorandum of understanding (MOU) with JFE Steel Corporation of Tokyo, Japan, to supply high-purity manganese products from its proposed demonstration plant at the Chvaletice Manganese Project in the Czech Republic for testing and evaluation. Approximately 10% (1,000kg) of the demonstration plant’s planned…
Brendon Cook to step down as MD & CEO of oOh!media this year
SYDNEY: oOh! media Limited, a leading media company across Australia and New Zealand, announced Brendon Cook has indicated his intention to step down as Managing Director & CEO and from the Board during 2020. Brendon Cook will remain as MD and CEO and on the Board until the completion of a global executive search and…
CardieX engages MEDL for mobile App, SaaS, and cloud development
SYDNEY: CardieX Limited has engaged leading mobile App, and software infrastructure developer MEDL Mobile to undertake the development and design of a consumer facing App that will interface with the world’s first consumer non-invasive Central Blood Pressure Monitor (cBPM). MEDL will also develop a clinician portal that will connect clinicians and health professionals with CardieX’s…
Plukka closes public offer and acquisition of Tesoro Resources Limited
PERTH: Plukka Limited announced that its public offer of fully paid ordinary shares to raise a minimum of $4.5 million has closed, with a total amount raised of $4.63 million, and the issue of Shares under the offer is now complete. The Public Offer was conducted in connection with the Company’s acquisition of 100% of…
DWF acquires legal and managed services business, Mindcrest for $18.5mn
LONDON: DWF Group has reached a definitive agreement to acquire Mindcrest Inc., a leading legal and managed services business for US$18.5 million (£14.2m) in cash and shares, with the transaction expected to complete in the next 4-6 weeks. Initial consideration consisting of US$2.4 million (£1.8m) in cash and US$8.5 million (£6.5m) in shares will be…
Biffa opens £27.5mn PET plastic bottle recycling facility in Durham
LONDON: Biffa Plc, the UK recycler and waste management provider, opened its new £27.5 million state of the art PET plastic bottle recycling facility Wednesday in Seaham, County Durham. The facility will be officially unveiled at an opening ceremony by Henri Murison, Director of the Northern Powerhouse Partnership. Biffa’s investment in the new facility, which…
Daren Harris appointed CEO of Fulcrum Utility Services
LONDON, UK: Fulcrum Utility Services Limited, UK’s independent multi-utility infrastructure and services provider, has announced the appointment of Daren Harris as Chief Executive Officer with immediate effect. Fulcrum Utility Services also announces the appointment of Terry Dugdale, Chief Operating Officer (Gas), to Group Chief Operating Officer and to the Board as an executive director with…
Kodal Minerals sign MoU with Mali Lithium Limited for the development of Bougouni Lithium Project
LONDON: Kodal Minerals, a mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali, has signed a Memorandum of Understanding (MoU) with Mali Lithium Limited, an Australian company looking to develop the Goulaminia Lithium Project located proximal to Kodal Mineral Bougouni Lithium Project. The MoU is for general cooperation and investigation…
PhosAgro boosts fertilizer production to a record 9.5 million tonnes in 2019
MOSCOW: PhosAgro, world’s leading vertically integrated phosphate-based fertilizer producer, announced that its 4Q 2019 fertilizer sales volumes increased by 16% year-on-year to 2.3 million tonnes. Total fertilizer production in 4Q 2019 increased by 2.8% year-on-year to 2,358.9 kt. Fertilizer and feed phosphate output for FY 2019 grew by 6.1% year-on-year to a record 9,521.8 kt….
Saudi Telecom to acquire Vodafone Egypt’s majority stake for $2.392bn
RIYADH: Vodafone Group has signed a Memorandum of Understanding (MOU) with Saudi Telecom Company (stc) in relation to a potential sale of Vodafone’s 55% shareholding in Vodafone Egypt to Saudi Telecom Company (stc). Vodafone and stc have agreed a cash consideration of US$2.392 billion for Vodafone’s 55% shareholding in Vodafone Egypt, equivalent to an Enterprise…