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Sravanisfchronicle com
Swedish telecom giant Tele2 and Com Hem to merge
The merger is expected to be voted through later in 2018. Photo: Janerik Henriksson/TT Swedish mobile operator Tele2 and broadband provider Com Hem have announced they plan to merge and create a new joint venture. The firms said 450 million kronor in savings could be made by merging, as well as the same amount in increased revenue. "We are delighted to have reached agreement to combine two great Nordic companies to create a leading integrated connectivity provider in the Swedish market," Tele2 Chairman Mike Parton said in a statement. "Merging is the best possible next step for both companies as it will enable us to meet the demands of tomorrow and unleash the power for the best possible digital quality of life in Sweden," Com Hem CEO Anders Nilsson noted. The practicalities will involve Tele2 absorbing Com Hem to create “Enlarged Tele2”, for which Com Hem’s shareholders will receive around 26.9 percent economic ownership in the new Enlarged Tele2 as well as a … [Read more...] about Swedish telecom giant Tele2 and Com Hem to merge
German cartel authority punishes booking.com
The German cartel authorities have banned the online hotel booking portal, Booking.com, from requiring hotels across the country to offer it their lowest room prices. The Bundeskartellamt said in a statement Wednesday that it had prohibited Booking.com from continuing to apply its "best price" clauses in Germany. The statement said it had ordered the hotel booking portal to "completely delete the clauses from its contracts and general terms and conditions by January 31." Under the clauses, the hotels were obliged to always offer Booking.com their lowest room prices, maximum room capacity and most favourable booking and cancellation conditions available on all online and offline booking channels. "These so-called narrow best price clauses also restrict both competition between the existing portals and competition between the hotels themselves," said cartel office president Andreas Mundt. The clauses infringed the hotels' freedom to set prices on their own online sales channels, … [Read more...] about German cartel authority punishes booking.com
STLtoday.com
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To find out about the outstanding sponsorship opportunities available on abc7news.com and ABC7/KGO-TV, please contact: William Patterson Vice President, Multi-Platform Business DevelopmentABC7 KGO-TV | ABC7News.com900 Front St.San Francisco, CA 94111-1450(415) 954-7770 E-mail William Patterson ABC National Television Sales has offices in New York, Boston, Philadelphia, Atlanta, Detroit, Chicago, St. Louis, Dallas, San Francisco and Los Angeles. … [Read more...] about Advertise on ABC7 and abc7news.com