Telecoms finance – Pangu Mon, 11 Oct 2021 18:29:45 +0000 en-US hourly 1 Telecoms finance – Pangu 32 32 EQT sells Spanish telecommunications company Adamo to French Ardian for more than € 1 billion Mon, 11 Oct 2021 11:40:31 +0000

By Clara-Laeila Laudette

MADRID, Reuters

Barcelona-based Adamo provides fixed, broadband and mobile services to around 250,000 subscribers, with a focus on customers in rural areas, while its fiber-optic network serves around 1.8 million homes across Spain.

The deal is expected to be finalized in the first quarter of 2022, said EQT, with UBS bank acting as lead financial adviser, ING as co-financial adviser and Allen & Overy as legal adviser.

Incumbent Telefonica is also considering selling a stake in its sprawling Spanish fiber network, which could be valued at up to 15 billion euros ($ 17.37 billion), while network operator Red Electrica is considering to sell part of its own network.

European telecoms operators have looked for ways to reduce debt and generate cash flow after years of high costs and falling margins, especially in Spain where telecom companies struggle in a hyper-competitive, fragmented and low-cost climate. .

The rural fiber market has seen particular growth, with new entrants such as Avatel – which became the sixth fiber operator in Spain after purchasing 110 local fiber suppliers between 2020 and 2021 – considering up to 400 acquisitions. additional.

($ 1 = € 0.8648)

(Report by Clara-Laeila Laudette and Nathan Allen, edited by Louise Heavens and Bernadette Baum)

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Malaysia 2021 Accounting and Finance Fair Sun, 10 Oct 2021 11:54:58 +0000

The Online Tech Event of the Year for Accountants and Financial Professionals in Malaysia

Singapore, October 6, 2021 – (ACN Newswire) – The first-ever Malaysia 2021 Accounting and Finance Fair kicks off on October 12, bringing together those who are driving technological change in finance and finance. accounting in Malaysia and beyond.

Low_A & FMalaysia2021Speakers.jpg

Aiming to deliver the best insights to improve the ability and speed at which companies adopt digital tools and technologies within the accounting and finance function, the one-day virtual event will feature more than 30 leaders from across the world. local and international industries that have taken advantage of technology to reorganize and streamline their workflows.

With 2 conference channels, Digital Business and Digital Practice, participants can engage in debates and discussions focusing on digital innovation, accounting technology, managing a digital practice, intelligent automation, solutions cloud and the vital skills required by accounting and finance professionals for the future. Featured topics include “Keynote: Futureproof Your Firm for Client Success” by Xero and CALTRiX, “Keynote: The Benefits of Getting Your Practice Digitized in 2021” by Mahzan Sulaiman PLT, “The Future of the Accountants in the New Digital Age By the Institute of Management Accountants and “Panel: Levering technology: Standing out from the competition” by ANISE Consulting, Jovani & Co Chartered Accountants, Red Beak and YesBoss.

Guest speakers at Accounting & Finance Show Malaysia 2021 include:
– Haroon Aslam, Regional CFO, Getz Healthcare
– Andrew Choong, auditor, Baker Tilly Malaysia
– Hoe Yin Lou, partner, RSM Malaysia
– Chrishini Richards, Finance Manager, Taco Bell Malaysia
– Coreen Atencio, Senior Consultant, ScaleNorth Advisors
– James O’Reilly, APAC Operations Manager, Unit4
– Richard Hayler, CFO, Nutrition Technologies
– Venkkat Ramanan, Regional Vice President – Asia-Pacific, Association of International
Chartered Professional Accountants
– Auro Sen, Finance and FP&A Manager, ULA
– Kevin Fitzgerald, Managing Director, Xero Asia
– Daniel Hustler, Education Manager, Xero Asia
– Christian Antono, Head of Strategic Partnerships, Xero Asia

Along with the conference, our amazing sponsors are ready to showcase their cloud-based accounting software and other digital tools and technologies at the virtual exhibition, Meet Title Sponsor Xero, Silver Sponsor Unit4, Associate Sponsors Cynopsis Solutions, EasyStore , Payroll Panda and more. our integrated and simple event platform.

“Over the past five years, the accounting industry has grown increasingly tech-savvy, with the cloud being at the center of innovation. Cloud accounting has enabled businesses to be efficient, accurate, transparent, save time and accountants more time to focus on strategic planning, business growth and creating greater value for their clients. Malaysia and beyond are more successful, ”said Kevin Fitzgerald, Managing Director – Asia at Xero.

The Accounting & Finance Show Malaysia 2021 is expected to be a gathering of Malaysia’s accounting and finance stakeholders, facilitating the exchange of ideas for further advancement within the industry.

The details of the one-day virtual event are as follows:
Malaysia 2021 Accounting and Finance Fair
October 12, 2021 | Free virtual tour

About Terrapinn

Terrapinn is an international event media company with 30 years of experience developing premier conferences and exhibitions across a wide range of key industry verticals. With our global presence and offices in London, New York, Singapore, Sydney, Dubai and Johannesburg, we have sparked ideas, innovations and relationships that transform businesses. In Asia, we organize 17 Pan-Asian events; Telecommunications, enterprise technology, life sciences, transportation, accounting, logistics, education and renewable energy sectors. In 2020, we organized over 80 virtual events and the total attendance at all shows exceeded 70,000.

For more information please contact: –
Lim Jia Le
Marketing Manager Terrapinn Pte Ltd
Phone. : (65) 8133 1705
E-mail: [email protected]

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Financial free-riding and the decline of American industry Sat, 09 Oct 2021 01:31:52 +0000
The assembly line at the Ford Rouge assembly plant in Dearborn, Michigan [Credit: AP Photo/Carlos Osorio, File]

US President Joe Biden’s October 5 speech in Michigan in support of his administration’s infrastructure spending program was largely a chronicle of the decline of US capitalism.

Repeating his claim that the United States was now at an “inflection point,” Biden began by noting that for most of the 20th century, the United States ruled the world by a significant margin through investment. in infrastructures such as roads, highways, bridges, ports. and airports.

“We invested to win the space race. We were the world leaders in research and development, which led to the creation of the Internet, but something happened. We slowed down, we stopped investing in ourselves.

America’s infrastructure was once the best in the world, he continued, but now the World Economic Forum ranks the United States 13th. The situation was even worse in early childhood education, with the Organization for Economic Co-operation and Development ranking the United States 35th out of 37 countries.

“All of these investments that have fueled the strong economy, we have eased off on gas,” he said. And then came an astonishing remark from the leader of the world’s most powerful economy: “I don’t know what happened.

As the World Socialist Website reported yesterday, Biden’s speech was framed in terms of competition with China, as he noted important areas of the economy where China is ahead of the United States.

But Biden left unanswered the question of the underlying reason for the historic decline in the industrial capacity of American capitalism.

The answer lies in another “inflection point”: the end of the postwar economic boom and the transition of the US economy since the early 1980s.

The falling rates of profit that ended the boom disputed the myth of the so-called Keynesian economy that skilful demand management by governments could regulate the contradictions of capitalism.

The rise in profits and living standards that had marked the 1950s and 1960s was replaced in the 1970s by the phenomenon of stagflation – the combination of low growth, high unemployment and rising wages. price – something that had never happened before.

The profitability crisis led the American ruling class to initiate a violent restructuring of the economy and class relations – a process which was followed, with national variations, by its counterparts around the world.