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UPC plans to float a minority stake in Chello web unit

Article Abstract:

United Pan-Europe Communications N.V. plans to flotate a minority stake in Chello, its online services subsidiary. Chello Broadband N.V. will be listed on the Amsterdam stock exchange and on the Nasdaq.

Asset sales & divestitures, Acquisitions & mergers, Use of Funds, Statistical Data Included, Television broadcasting, Brief Article, Chello Broadband N.V.

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UPC to float unit to avoid penalty

Article Abstract:

United Pan-Europe Communications N.V. (UPC) is planning to float its Priority Telecom NV business telecom division. UPC is trying to avoid a $200 million (218 million euros) penalty payment to Cignal Global Communications.

Strategy & planning, Telecommunications, Telephone Communication, Planning, Telecommunications services industry, Telecommunications industry, Priority Telecom N.V.

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CBS shares rise, Viacom wavers on first day of firm's split

Article Abstract:

Media company Viacom Inc.'s decision to split its operations into two publicly traded companies in an effort to improve returns for shareholders is discussed. Of the two companies, one has retained the Viacom name and the other is being called CBS Corp.

United States, Management dynamics, Securities issued, listed, Management, Company investment, Investments, Company restructuring/company reorganization, Reorganization and restructuring, Investor relations, Company business management, CBS Corp., Viacom Inc., CBS, VIA, Company securities, Company organization, Redstone, Sumner M., Freston, Tom

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