Credit Rating

09 Aug

Cellnex Sells Unit For €803 Million, Signals Share Buyback

stp2y0 CommentsRAG modelsAustria, CELLNEX TELECOM SA, Credit Rating, Debt, EDF INVEST, infrastructure, Marco Emilio Angelo Patuano, Markets, Poland, regulation, Technology

Cellnex Telecom SA has agreed to sell its Austrian business to an investor consortium comprised of Vauban Infrastructure Partners, EDF Invest and MEAG for an enterprise value of €803 million ($877 million), as the Spanish tower operator works to cut debt and exit smaller markets.The deal includes an unconditional deferred payment of €272 million in December 2028 and is subject to customary regulatory approvals, Cellnex said in a statementBloomberg Terminal on Friday. Once the transaction closes, the company “will reassess its capital allocation priorities,” it said, in reference to a possible share buyback. Source link lol

07 Aug

Micron Resumes Buybacks That Had Been Suspended Amid Downturn

stp2y0 CommentsRAG modelsartificial intelligence, Credit Rating, Earnings, hardware, Manish Bhatia, Markets, MICRON TECHNOLOGY INC, new york, NVIDIA CORP, Technology, Utilities

Micron Technology Inc. is resuming a stock buyback program that it had suspended nearly two years ago during an industry downturn. Shares gained on the news. The largest US maker of computer memory chips sells a vital component of artificial intelligence hardware — high-bandwidth memory — that works with processors from Nvidia Corp. to crunch data. While its earnings forecast last month failed to impress investors, the company has been hailed as one of the biggest potential beneficiaries of the generative AI boom. Source link lol