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Orange, Bouygues €10B takeover talks progressing – report

first_img Orange makes secure cloud pact for French market Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more France’s Orange apparently signed a confidentiality agreement with smaller rival Bouygues, with a view of securing a take-over of its telecoms arm in a deal worth €10 billion.French newspaper Journal du Dimanche reports the companies signed the agreement on 24 December to mark the start of official negotiations. Bloomberg first reported that Orange was eyeing a deal for Bouygues Telecom at the beginning of last month. As part of the reported terms of the deal, Bouygues would receive a 15 per cent stake in Orange, valued at approximately €8 billion, with the remaining €2 billion paid in cash, according to the publication.In turn, France’s 23 per cent stake in Orange could also be diluted to under 20 per cent should state investment company BPI sell part of its holding. Bouygues would however still retain a lower stake than the state, said a source.As part of the talks, Orange could also take a 10 per cent stake in France’s largest commercial television channel TF1, which is owned by Bouygues, according to a separate report from Le Canard Enchaine newspaper.This week, the two parties will reportedly hold a series of meetings on valuation, governance, social and competition. According to sources, the latter will be considered in France, and not by the European Commission in Brussels, should the talks advance.“The teams get along well and discussions have moved forward. We will know quickly if they are going to last,” said a source.To meet competition concerns, Orange will also reportedly have to sell up some of its assets, including antennas, spectrum and subscribers, to market rivals Free Mobile and SFR Numericable.According to the report, Orange hopes to recoup up to €5 billion from the asset disposal, although it is yet to approach the two companies in question.A merger between Orange and Bouygues would reduce the country’s telecoms market to three players, and the tie-up could also face political scrutiny.According to GSMA Intelligence, the combined entity would have a mobile market share of more than 50 per cent. Previous ArticleSamsung warns on tough 2016Next ArticleTrouble for Free Basics in India and Egypt Español Orange Ventures injects €30M into new fund Bouygues TelecomOrange Relatedcenter_img Home Orange, Bouygues €10B takeover talks progressing – report Author Las grandes operadoras europeas ponen condiciones a las RAN abiertas Kavit Majithia Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 JAN 2016 last_img read more

21-year-old man dies in fish factory accident in Killybegs

first_img Facebook Twitter Important message for people attending LUH’s INR clinic Facebook 21-year-old man dies in fish factory accident in Killybegs News WhatsApp By News Highland – January 10, 2014 A 21-year-old man has died in an accident at a fish factory in Killybegs.The incident happened at around 330pm this afternoon.Gardai are currently at the scene. Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Donegal hoteliers enjoy morale boost as bookings increase center_img 45 new social homes to be built in Dungloe Google+ RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Pinterest Previous articleSeries 2 of Dr Mc Kenna Cup this weekendNext articleDonegal succes at he 50th BT Young Scientist & Technology Exhibition News Highland Consultation launched on proposal to limit HGV traffic in Clady Arranmore progress and potential flagged as population grows Twitterlast_img read more

36 NASCAR drivers join Dale Jr.’s glove auction for Nationwide Children’s Hospital

first_imgWhen Dale Jr. puts out the call to NASCAR drivers to help support The Dale Jr. Foundation and Nationwide Children’s Hospital, they show up … by the dozens.During the Watkins Glen race weekend (Aug. 3-5), 32 Monster Energy NASCAR Cup Series drivers and all four JR Motorsports NASCAR Xfinity Series drivers will participate in the 2018 Driven to Give Glove program. Drivers will wear skeleton driving gloves inspired by the ones Junior wore during races. Each pair of gloves will be autographed by both Dale Jr. and the driver wearing them and then auctioned off beginning Aug. 8, with proceeds benefiting the Dale and Amy Earnhardt Fund at Nationwide Children’s Hospital.The fund supports the hospital’s efforts in pediatric injury rehabilitation, research and prevention.MORE: Bookmark the auction site | Dale and Amy Earnhardt Fund“We’ve done a lot with the Gloves program through the years at The Dale Jr. Foundation, but this year we wanted to open it up to more people,” said Earnhardt Jr. of the program. “To have 32 of my former competitors and all four of our JR Motorsports’ drivers sign on to this to help the Nationwide Children’s Hospital continue the life-saving work they do there is impressive, and I can’t thank them all enough. Nationwide Children’s Hospital is a huge part of the work we do at The Dale Jr. Foundation.”In 2016, the Dale & Amy Earnhardt Activity Room on the hospital’s rehabilitation floor was dedicated to the driver and his wife in recognition of their wedding, and they created the Dale & Amy Earnhardt Fund in November of 2017 as a way to extend that relationship beyond Junior’s retirement from driving. They acknowledged their commitment to the Fund with an $88,888 initial donation made by The Dale Jr Foundation, commemorating Dale’s years driving the No. 88 Hendrick Motorsports car with Nationwide as a sponsor.Nationwide will be on the No 88 car again at Watkins Glen, with Alex Bowman driving a Hendrick Motorsports Chevrolet featuring a butterfly-themed special Nationwide Children’s Hospital paint scheme. Patient Champion Ashyzla Jackson was at Hendrick Motorsports for the unveiling of the paint scheme. Patient Champions help tell the story of the work the hospital does for children.MORE: See the special No. 88 look for Watkins GlenThe Driven to Give Glove program started in 2014 and has raised more than $100,000 to support the work of Dale Jr. Foundation. During the previous two years, the glove program was focused on Nationwide Children’s Hospital and highlightingPhoto credit: Hendrick MotorsportsPatient Champions from the hospital with glove colors that matched the causes and illnesses of those patients.Bowman has history with Nationwide Children’s Hospital as well. He was the first driver to pilot a car with a special paint scheme for the hospital, at the Xfinity Series’ 2013 race at Watkins Glen. When he’s back behind the wheel with the hospital on board, Nationwide Children’s Hospital Patient Championship Bricen Thall will be on hand at Watkins Glen with his family. Bricen’s name will also be featured above the passenger window of the car.RELATED: Dale Jr. finds, gives comfort in Nationwide Children’s HospitalBricen and his family are from Winfield, New York, and he was born with a condition named Hirschsprung’s Disease. He’s now five but had his first of many surgeries at just one week old.After several surgeries over the first two years of his life, Bricen was referred to the Center for Colorectal and Pelvic Reconstruction at Nationwide Children’s Hospital. His care there has set him on a path that for the first time didn’t involve a surgery for a whole year.“Nationwide Children’s has a very special place in our hearts for everything they have done for Bricen,” said his mother, Colby Thall. “They have given him a better quality of life and the chance to experience all that a 5-year-old should.”Drivers who are participating in the Driven go Give Glove program are: Justin Allgaier, AJ Allmendinger , Aric Almirola, Michael Annett, Ryan Blaney, Alex Bowman, Clint Bowyer, Chris Buescher, Kurt Busch, Kyle Busch, William Byron, Landon Cassill, Matt DiBenedetto, Austin Dillon, Ty Dillon, Chase Elliott, Denny Hamlin, Kevin Harvick, Jimmie Johnson, Erik Jones, Kasey Kahne, Matt Kenseth, Brad Keselowski, Kyle Larson, Joey Logano, Michael McDowell, Jamie McMurray, Paul Menard, Ryan Newman, David Ragan, Tyler Reddick, Elliott Sadler, Ricky Stenhouse Jr., Daniel Suarez, Martin Truex Jr. and Bubba Wallace.last_img read more

UAAP Jr.: Ilongga leads UE to volley win

first_imgDimaculangan said the 36 errorscommitted by the Junior Lady Warriors was an eyesore the team could improve on,considering this was their first tournament this year. Aside from Susbilla, who was part ofthe WVPRISAA team that ruled the National PRISAA recently in Davao City,Lovelee Hernandez and Verenicce Colendra also contributed for the Junior LadyWarriors with six points each. “This win is a good start for theteam since we are on a rebuilding stage. The only problem that we had is thejelling of my players on the court,” said Junior Lady Warriors head coachRonwald Dimaculangan.     Susbilla, a transferee from CentralPhilippine University high school volleyball team, top-scored with 19 pointsbuilt on 12 spikes, six service aces and a block.     After easily winning the first twosets, the Junior Lady Warriors was held to an 11-all deadlock early in thethird before unloading a 14-5 finishing kick, highlighted by four service aces. MANILA – Ilongga Chrisann Susbilla hada rousing debut as the University of the East Junior Lady Warriors sweptUniversity of the Philippines Integrated School Junior Lady Maroons, 25-21,25-20, 25-16 in the UAAP Season 82 girls volleyball at the Paco Arena. Alliah Omar finished with nine pointsto lead the way for the Junior Lady Maroons./PNlast_img read more

De Ligt has faced strong criticism for his part in Juve’s leaky defence

first_img A prime example of this was when de Ligt came up against another young starlet, Joao Felix, and struggled. The Italian press claim it’s been tough for the centre back and that’s why the team has conceded more goals than usual since his arrival in Turin. In five preseason matches, Juventus have let in nine goals. CEST Upd. at 15:43 It’s worth pointing out that de Ligt has only played 143 minutes of those five matches and it would be unfair to draw major conclusions already. But this is part of the price for being such a major transfer. The spotlight will always be on you. Sport EN IN SPORT.ES Despite some of Europe’s biggest sides fighting for his signature this summer, Matthijs de Ligt’s start to life at Juventus has been anything but smooth sailing. The young centre back has struggled in his early days under Sarri, with the team conceding an alarming amount of goals. Responsabilizan a De Ligt del ‘coladero’ de la Juventus 12/08/2019last_img read more

Attack dog still at large

first_imgBy MELISSA MEEHAN A DOG wanted for a violent attack on a poodle shih tzu cross is still at large….[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Galway United Match Preview v Athlone Town

first_imgGalway United get the 2018 SSE Airtricity League First Division season underway with a home game against Athlone Town at Eamonn Deacy Park on Friday, February 23rd. Kick-off: 7.45pm.A swift return to the top flight has been targeted by United boss Shane Keegan.Danny Furlong, who has previously worked with Keegan at Wexford Youths, has arrived to strengthen United’s front-line.Keegan has been active in off season, recruiting Furlong, Tadhg Ryan, Arek Mamala, Connor Gleeson, Stephen Walsh, Robbie Williams, Stephen Kenny, Alan Murphy, Ryan Connolly, Carlton Ubaezuonu and Conor Layng after losing a number of key players.Keegan insists United must make a positive start to the season and he expects the First Division to be a tight affair with every team believing they can at least secure a Play-off berth. TEAM NEWSConor Melody (knee) is Galway United’s only absentee.Shane Keegan confirmed a number of players were lacking match sharpness due to niggling injuries in pre-season, but they experienced no issues in training in the lead up to the Athlone Town game.MATCH OFFICIALSReferee: David Keeler (Cork)Assistant 1: Trevor ConlonAssistant 2: Ricky CreanFourth Official: Marc Lynch LAST MEETINGAugust 15th, 2008 | Galway United 4-1 Athlone Town (FAI Cup)Galway United goalscorers: John Lester, John Fitzgerald, Jesper Jorgensen and Jay O’SheaAthlone Town goalscorer: Robbie Hammprint WhatsApp Facebook Twitter Emailcenter_img SHANE KEEGAN TARGETS STRONG START“We’re just waiting for the whistle to blow now on Friday night. We’ve managed to assemble what looks like a really good squad. I think week by week, performance by performance, we will develop and get to the level we would hope to be at. Our quality and mental strength needs to be at the fore over the first few weeks of the season, to make sure that we get the results that we need.“We have to go out and do the business on Friday night. It sits a little uneasy with me how little I’ve seen of Athlone Town in pre-season. Their last two friendlies have been called off so I haven’t had an opportunity to watch them. I do really like to know the opposition inside out, but that has to be shoved to one side, it’s up to us to make sure that the game is played on our terms as much as possible.“We do need to hit the ground running, it’s so important that we don’t latch ourselves on to any excuses. We go out, we perform and we go and do the business. It has to be as simple as that.”last_img read more

More police cars for rural areas

first_img20 December 2010 Crime-fighting initiatives in South Africa’s rural areas have been given a major boost, with police getting over 1 000 additional vehicles to carry out their duties. The South African Police Service has added 1 385 new vehicles – earmarked for rural areas – to its existing fleet for the 2009/10 and 2010/11 financial years. Speaking to journalists in Pretoria last week, Police Minister Nathi Mthethwa said these vehicles ranged from high powered 4x4s to high-tech equipped vans and sedans. Mthethwa stressed that “rural areas” referred not only to farms but included broad demographic areas across the country, ranging from remote areas without proper road infrastructure to some of the worst economically affected areas in the country. Mthethwa said the police were beginning to deploy resources evenly and effectively. “Where they were needed, appropriate vehicles suitable for the terrain were allocated to rural areas, and in cases where it was necessary, new suitable vehicles have been purchased and ordered,” he added. Source: BuaNewslast_img read more

Banyana defeated in AWC final

first_img12 November 2012Banyana Banyana failed to clear the final hurdle, falling to Equatorial Guinea in the final of the Confederation of African Football (Caf) African Women’s Championship in Malabo on Sunday.It took the hosts until two minutes before halftime to break the goalless deadlock, but they dominated the second half, netting a further three times, to run out convincing 4-0 winners.The Sasol-sponsored South African women travelled to the Malabo New Stadium in high spirits after defeating Africa’s top ranked side Nigeria 1-0 in Bata on the mainland on Wednesday, but came unstuck against a determined home side.‘A major disappointment’Speaking after the match, Banyana Banyana coach Joseph Mkhonza said: “Falling at the final hurdle is a major disappointment to all involved with Banyana Banyana, particularly after the fine effort put in to record our national team’s first ever win over Nigeria in the semi-finals last week.”He added: “Safa (the South African Football Association) and Sasol need to be thanked for their continued support of women’s football in SA since we have proved that with the current crop of players, as well as a vast pool of talent identified via the Sasol League Road Shows, Banyana Banyana should be able to qualify for international tournaments, such as the World Cup and the Olympics, in the future.”Equatorial Guinea went into the lead in Sunday’s showdown when loria Chinasa took advantage of some poor defensive work to head home from a corner kick in the 43rd minute.Lead doubledPlaying in front of 20 000 passionate home fans, the home team doubled its lead in the 66th minute when second half substitute Tiga Costa scored with her first touch of the ball.Four minutes later, they were 3-0 up when midfielder and captain Genoveva Anonman made the South Africans pay for some sloppy defending.In the 72nd minute, Chinasa scored her second goal of the title-deciding match. After a fine run on the left, she netted from a tight angle past the outstretched Banyana Banyana goalkeeper Thoko Mndaweni.In a disappointing showing for South Africa, only captain and midfielder Amanda Dlamini looked the part on the biggest football stage in African women’s football, with a solid display in her efforts to launch attacks on the Equatorial Guinea goal area.HecticWhile disappointed with the result, the outcome marks the end of a hectic and ultimately successful year for Banyana Banyana, which saw them in camp early in January in preparation for the London Olympics held in July.The South African team will now wait patiently to see the result of their efforts at the African Women’s Championship in the latest Fifa world rankings. They travelled to Malabo ranked 56th in the world (up from 61st in July) and fourth in Africa (behind Nigeria, Equatorial Guinea and All-Africa Games champions Cameroon).In the playoff for third and fourth places, Cameroon outplayed Nigeria 1-0.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

South African tax for investors

first_imgSouth Africa has a well-developed and regulated taxation regime. While the laws are constantly being revised and amended to keep them up to date and in line with international best practice, here are the tax basics for foreigners investing or working in South Africa.The tax regime is set by the National Treasury and managed by the South African Revenue Service (Sars).Websites:www.sars.gov.zaandwww.treasury.gov.zaKey starting pointsIndividuals who are South African residents are taxed on their worldwide income.Non-South African residents are only taxed on income from a source in South Africa.There is no group taxation in South Africa – so each company is taxed as a separate taxpayer.Partnerships are not recognised as separate entities for income tax purposes and are fiscally transparent. Instead, the individual partners are taxed separately on their share of the partnership profits.A company is regarded as a South African resident if it is incorporated in South Africa or if it has its place of effective management in South Africa.Businesses may select their own financial year-end. For individuals, the tax year runs from 1 March to 28 February.Businesses must file annual income tax returns with Sars. It is also a legal requirement for all companies and close corporations to file annual returns with Companies and Intellectual Property Commission annual basis. See www.cipc.co.za for more.Special dispensations are provided for companies who derive their income from mining, gold mining, oil and gas, and farming. See www.sars.gov.za for details.Income taxThe principal source of direct taxation revenue in South Africa is income tax. Individuals are taxed on a progressive basis up to a maximum rate of 40% on taxable income exceeding R671 000 a year (tax year end February 2013).Tax on the income of non-South African residents is source-based, meaning that any income from a source within (or deemed to be within) South Africa is taxed, irrespective of the residence of the recipient of the income.Domestic companies are taxed at a flat rate of 28%.A 15% withholding tax is imposed on dividends paid to resident or non-resident shareholders.Trusts (other than special trusts) are taxed at a flat rate of 40% on income and 66.6% of capital gains that do not vest in a beneficiary of the trust during the tax year in question.Special trusts, such as those created solely for the benefit of a person who is mentally ill or disabled, are taxed on the same progressive basis as individuals.Value Added Tax (VAT)The principal source of indirect taxation revenue in South Africa is Value Added Tax (VAT). If a subsidiary or branch of a foreign-owned company sells goods or provides services, it must register as a vendor with Sars and charge and pay over VAT.The standard rate of VAT is 14%. Exports, certain foodstuffs and other supplies are zero-rated, and certain supplies are exempt (mainly certain financial services, residential accommodation and public transport).Capital gains taxCapital gains tax is levied on non-residents to the extent that they dispose of immovable property situated in South Africa, or have a permanent establishment in South Africa and dispose of an asset of that establishment.Double taxation agreementsThe tax liability of a foreign company depends on the nature of the income derived by it, as well as the existence of a double taxation agreement.South Africa has agreements with most of its trading partners to prevent double taxation of income accruing to South Africa taxpayers from foreign sources, or of income accruing to foreign taxpayers from South African sources.In terms of these arrangements a foreign resident will be taxed in South Africa only if it conducts business through a permanent establishment in South Africa.Note: Any person who is deemed to be a resident of another state through the application of a double tax agreement will not be treated as a South African resident.Foreign tax creditsThe Income Tax Act grants rebates in respect of foreign taxes on income. A South African resident is entitled to a rebate equal to the sum of any taxes on income payable to the government of another country, in respect of, inter alia, income received by such individual from a source outside South Africa which has been included in that individual’s taxable income in South Africa. The foreign tax credit is limited to the attributable South African income tax on the foreign income.Headquarter company regimeThe headquarter company regime (HQC) is another push for South Africa to enhance its role as gateway to the continent. This aims to reduce the tax cost of operating a headquarter company in South Africa. For example, it exempts companies from withholding dividends tax and tax on interest and royalties on income flowing through them from foreign subsidiaries.Download: Taxation Laws Amendment Act, No 7 of 2010Other taxesOther taxes affecting subsidiaries or branches of foreign-owned companies:If a firm employs personnel, it must register as an employer with Sars and deduct tax (PAYE) from its employees’ salaries.A skills development levy at the rate of 1% of remuneration is payable.Transfer duty is payable on land and buildings (8% of the value of the property in the case of a corporate purchaser).Stamp duty at 0.25% is payable on transfer and issue of shares. Stamp duty is also payable on certain other agreements, such as leases and mortgage bonds.Securities transfer tax is due on the change in beneficial ownership of securities, such as shares in a company or members’ interests in a close corporation.Customs and excise taxes.Compulsory workmen’s compensation, assurance and unemployment insurance fund premiums are payable, although these are relatively insignificant. There are no other social security payments.Estate duty (20%) is paid on all assets of a deceased person’s estate if they are South African residents. For non-residents, only the assets within South Africa form part of the total value of the estate.Donations tax (20%), paid by the donor, is levied on the value of property donated by South African individuals and companies. Certain donations are exempt and non-residents are not liable for donations tax.Sources: www.sars.gov.za, www.webberwentzel.comSAinfo reporterReviewed: 25 March 2013Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more