Shares of VimpelCom Ltd (ADR) (NASDAQ:VIP) ended Thursday session in green amid volatile trading. The shares closed up +0.04 points or 1.13% at $3.57 with 11.66 million shares getting traded. Post opening the session at $3.55, the shares hit an intraday low of $3.52 and an intraday high of $3.60 and the price vacillated in this range throughout the day. The company has a market cap of $6.49 billion and the numbers of outstanding shares have been calculated to be 1.76 billion shares.
On Sept. 1, 2016 CK Hutchison Holdings Ltd. (“CK Hutchison”), parent company of 3 Italia S.p.A. (“3 Italia”), and VimpelCom Ltd. (“VimpelCom”), parent company of Wind Telecomunicazioni S.p.A. (“WIND”), welcomed the European Commission’s decision to approve the 50/50 joint venture that will create the leading mobile operator in Italy.
The combined business of 3 Italia and WIND will have over 31 million mobile customers and 2.8 million fixed line customers (of which 2.5 million are fixed broadband customers). The joint venture will create a stronger new operator in Italy, drive competition and support the rapid changes in the market as demand for data and digital services increases.
The scale and financial strength of the combined business, which will include 21,000 network sites and strong spectrum assets, will enable the company to provide world-class telecoms services to businesses and consumers across Italy. Customers will enjoy significantly improved coverage, accelerated 4G/LTE mobile broadband rollout, greater reliability and enhanced download speeds. The combined business will benefit from scale and synergies which will unlock €7 billion of investment in Italy’s digital infrastructure. Further, its delivery of mobile broadband will play an important part in supporting the Italian government’s goal in its Digital Italy Plan to achieve 85% take-up of 100Mbps broadband coverage by 2020. The investment will also complement the Enel Open Fibre project already supported by WIND.
Shares of Level 3 Communications, Inc. (NYSE:LVLT) ended Thursday session in red amid volatile trading. The shares closed down -1.01 points or 2.09% at $47.40 with 11.67 million shares getting traded. Post opening the session at $48.00, the shares hit an intraday low of $45.20 and an intraday high of $48.00 and the price vacillated in this range throughout the day. The company has a market cap of $17.15 billion and the numbers of outstanding shares have been calculated to be 359.53 million shares.
On Sept. 22, 2016 Adaptive Threat Intelligence, the latest security solution from Level 3 Communications (LVLT), provides customized threat intelligence and alerting for customers. The cloud-based service builds on Level 3’s portfolio of flexible, efficient security solutions. It is available in all regions.
Adaptive Threat Intelligence leverages Level 3’s global internet visibility and a team of security experts to provide customers with the assistance of a managed service. Customers benefit from the research and findings of the Level 3 Threat Research Labs team, the mitigation expertise of the company’s security operation center (SOC) professionals and the ease of knowing which threats merit a response to the correlated and prioritized alerts.