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Altice is Not Solving $58 Billion Debts by Raising Cash Business

Altice is Not Solving $58 Billion Debts by Raising Cash

Mia Hanson November 20, 2017

Dutch telecoms company Altice confirmed on Monday that it is not raising cash by selling shares, nor does it intend to perform such action to deal with its billion-dollar debt.

The Netherlands-based phone and cable group statement, which came...

Spotify Buys Swedish Music Recording Start-up Business

Spotify Buys Swedish Music Recording Start-up

Nick Jefferson November 20, 2017

Spotify has bought online music and audio recording studio Soundtrap, an online music studio that lets users create music together with others in real time.

The music streaming company has made another acquisition as it continues to build out the...

Aircel Downgrades to Default on Delayed Debt Repayments Business

Aircel Downgrades to Default on Delayed Debt Repayments

Ellie Kennedy November 17, 2017

Credit rating of major Indian mobile network operator Aircel got downgraded on Friday, after it missed servicing at least one of its debt obligations.

Ratings agency CARE said that the company has delayed its repayment of interest to its...

SoftBank Plans $25 Billion Investment in Saudi Arabia Business

SoftBank Plans $25 Billion Investment in Saudi Arabia

Emma Holloway November 16, 2017

Japanese telecom giant SoftBank Group Corp. seemed to have bolstered its investment relationship further in Saudi Arabia, as it was revealed on Thursday that it is planning to invest in the country.

According to people familiar with the matter,...

Qualcomm Invests in A Chinese AI Startup Business

Qualcomm Invests in A Chinese AI Startup

Leonard Bird November 15, 2017

Qualcomm Inc. has invested in Chinese artificial intelligence (AI) start-up SenseTime Group, as part of a funding round that is going to close later this year.

SenseTime Group, a Hong Kong-based artificial intelligence company specializing in...

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