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French DTH firm Canal+ and Polish media holding ITI Group are reviewing their 51% stake in Poland’s TVN pay-TV broadcaster, after being approached by “strategic and financial investors”.
SatelliteFinance understands they have hired BofA Merrill Lynch and JP Morgan to carry out the strategic review.
US-based wide area network (WAN) optimisation specialist Riverbed Technology is reviewing strategic and financial alternatives as it struggles with declining sales in its core business.
As part of its preliminary third quarter fiscal 2014 results announcement, Riverbed revealed that has both initiated a restructuring plan to cut costs and mandated an unnamed adviser, believed to be Goldman Sachs, to assess its strategic options to enhance shareholder value.
IP-based communications solutions provider Level 3 Communications has increased the size of its existing senior secured credit facility through the creation of a new US$2bn term loan.
Via its subsidiary Level 3 Financing, the company will amend and restate its existing senior secured credit facility to include a new tranche B 2022 term loan, due 2022, which carries an interest of 350 bps over Libor and priced at 99.25.
European aerospace giant Airbus has amended and extended a €3bn (US$3.79bn) revolving credit facility to take advantage of market conditions.
The revolver, which has a maturity of five years and holds two one-year extension options, priced at 20 basis points over Euribor.
Russian technology provider GS Group has announced plans to launch Myanmar’s first mass satellite pay-TV platform with an undisclosed local partner.
The project was unveiled alongside an inter-governmental Russian-Myanmar commission for trade and economic cooperation, which included Alexey Ulyukayev, Russia’s Minister of Economic Development.
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