Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) ended Friday session in red amid volatile trading. The shares closed down -0.08 points or -1.17% at $6.75 with 3.57 million shares getting traded. Post opening the session at $6.74, the shares hit an intraday low of $6.71 and an intraday high of $6.76 and the price vacillated in this range throughout the day. The company has a market cap of $22.39 billion and the numbers of outstanding shares have been calculated to be 3.00 billion shares.
On September 13, 2016 As governments prepare to meet at the UN General Assembly to discuss progress on the Sustainable Development Goals, Ericsson (ERIC) announced another set of solutions to help bridge the digital divide and bring mobile broadband coverage to the remaining three billion people who are underserved or without mobile broadband access.
The new suite of solutions, which includes software and hardware additions to Ericsson Radio System, provide the capabilities needed to reduce the total cost of ownership by up to 40 percent when rolling out Ericsson`s total site solution for mobile broadband, making investments in low-ARPU markets viable.
To complement deployment of the solutions are new unique mobile broadband tools, which allow operators to identify which sites in a GSM/EDGE coverage area have the highest number of users who already have internet-ready devices. Operators can then determine where it makes more sense to convert those sites first to HSPA or 4G/LTE, so that the greatest number of people will enjoy the benefits of mobile broadband.
The Broadband Commission for Sustainable Development, co-chaired by ITU and UNESCO, has championed the vital role that ICT (Information and Communication Technology) plays in laying the foundation to achieving the UN Sustainable Development Goals, and its new report to be launched later this week highlights that the digital divide is shifting from basic telephony to internet. The Broadband Commission estimates that it would cost 450 billion USD to bring the next 1.5 billion people online.
Shares of IMS Health Holdings Inc (NYSE:IMS) ended Friday session in red amid volatile trading. The shares closed down -0.25 points or -0.84% at $29.60 with 3,518,622 shares getting traded. Post opening the session at $29.86, the shares hit an intraday low of $29.58 and an intraday high of $29.90 and the price vacillated in this range throughout the day. The company has a market cap of $9.66 billion and the numbers of outstanding shares have been calculated to be 329.21 million shares.
IMS Health Holdings Inc (IMS) on September 14, 2016 announced the pricing of its offering of $1.75 billion equivalent in gross proceeds of senior notes, consisting of $1.05 billion of U.S. Dollar notes and €625 million of Euro notes to be issued by its wholly owned subsidiary, IMS Health Incorporated. The offering was upsized from the previously announced $1.5 billion equivalent aggregate principal amount. The net proceeds from the notes offering (together with proceeds from additional term loans and other available cash) will primarily be used to extinguish certain of the issuer’s and Quintiles’ existing indebtedness in connection with the previously announced proposed merger between IMS Health and Quintiles.
The $1.05 billion U.S. Dollar notes will bear interest at a rate of 5.0% and will pay interest semi-annually in arrears on April 15 and October 15 of each year beginning on April 15, 2017. The U.S. Dollar notes will mature on October 15, 2026.
The €625 million Euro notes will bear interest at a rate of 3.5% and will pay interest semi-annually in arrears on April 15 and October 15 of each year beginning on April 15, 2017. The Euro notes will mature on October 15, 2024.