GIC Buys 25% Stake in Masorange-Zegona Broadband Joint Venture
Vodafone Spain's owner Zegona Communications Plc and Masorange made an announcement on Monday, confirming a previous Bloomberg News report. The statement did not disclose what GIC paid for the stake.
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Alstom S.A: Alstom to convert Singapore East West Line stations to the Urbalis signalling system for the Thomson-East Coast Line extension (TELe)
The Land Transport Authority of Singapore has awarded the contract to Alstom for the design, supply, installation, testing and commissioning of the Urbalis CBTC system to enable fully automated, high-capacity operation. The contract scope covers converting Tanah Merah, Expo, and Changi Airport stations to the TEL system, and equipping the line's extension to the future Changi Airport Terminal 5. TELe, the Thomson-East Coast Line extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers. 5 August 2025 – Alstom, a global leader in smart and sustainable mobility, has been awarded a contract by the Land Transport Authority of Singapore to deliver a high-capacity driverless signalling system for the stations of the East West Line which will connect to the Thomson-East Coast Line extension (TELe). The contract, worth a couple of hundred million euros covers the conversion of Tanah Merah, Expo, and Changi Airport stations to TEL, and the equipment of the line extension to the future Changi Airport Terminal 5 station. This extension will directly connect the TEL to Changi Airport, improving passenger experience and journey efficiency, while advancing Singapore's Land Transport Master Plan 2040 (LTMP 2040) objective of seamless, end-to-end connectivity. As the signalling consortium leader, Alstom will provide its Urbalis CBTC system, the same platform already in successful operation on TEL, while its consortium partner, ST Engineering Urban Solutions Ltd. will provide the Data Communication System (DCS) and Platform Screen Doors (PSD). The TEL extension to Changi Airport will provide a direct, high-speed connection to central city areas and residential zones, cutting travel times for both commuters and international travellers. This development represents a key milestone under the LTMP 2040 plan to deliver greater connectivity, resilience, and inclusivity in Singapore's land transport system. Upon completion, the 57 km TEL will run from Tanah Merah through major locations like Gardens by the Bay, Maxwell, Orchard, and up to Woodlands North, with a transfer option to the Johor Bahru - Singapore Rapid Transit System Link. The TEL is expected to reduce travel time between Changi Airport and Marina Bay from 55 minutes to approximately 45 minutes. Additionally, journeys between Changi Airport and Gardens by the Bay will be shortened to 40 minutes via the TEL, compared to the current 60-minute duration. Yann Maixandeau, Managing Director, Singapore & Malaysia, Alstom said, 'Alstom is proud to have supported Singapore's rail development for over two decades, delivering cutting-edge rolling stock and signalling systems that have shaped the nation's urban mobility. This latest award reflects our leadership in advanced, driverless train control systems. We are honoured to contribute to the LTMP 2040 vision by enabling seamless, efficient and sustainable journeys between city and Changi Airport through TEL's extension.' This latest contract strengthens Alstom's long standing presence in Singapore and builds on its successful delivery of the most recent signalling system in Singapore, TEL Stage 4, that commenced service in June 2024. As a leader in the communications-based train control (CBTC) segment, Alstom's comprehensive CBTC portfolio supports both conventional and intelligent solutions. It can be adapted to all levels of complexity—whether greenfield or brownfield projects—across all grades of automation. With over 30 years of expertise in CBTC, Alstom's Urbalis signalling system is deployed on 190 metro lines, including 67 fully driverless lines in 32 countries, safely transporting millions of passengers every day. In addition to enabling higher operational efficiency and flexibility, Urbalis systems can reduce energy consumption by up to 30% through intelligent, energy-saving strategies. ALSTOM™, Urbalis™ are protected trademarks of the Alstom Group. About Alstom Alstom commits to contribute to a low carbon future by developing and promoting innovative and sustainable transportation solutions that people enjoy riding. From high-speed trains, metros, monorails, trams, to turnkey systems, services, infrastructure, signalling and digital mobility, Alstom offers its diverse customers the broadest portfolio in the industry. With its presence in 63 countries and a talent base of over 86,000 people from 184 nationalities, the company focuses its design, innovation, and project management skills to where mobility solutions are needed most. Listed in France, Alstom generated sales of €18.5 billion for the fiscal year ending on 31 March 2025. For more information, please visit Contacts Press:Singapore:Umesh NAIR - Tel.: + SAVIGNARD - Tel.: +33 Cyril GUERIN – Tél: +33 (0) 6 07 89 36 Guillaume GAUVILLE – Tél : +44 (0) 75 88 02 27 Estelle MATURELL ANDINO – Tél: +33 (0) 6 71 37 47 Jalal DAHMANE – Tél : +33 (0) 6 98 19 96 Attachment 20250805_PR - Singapore Signalling_ENGError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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AwardFares Launches Intelligent New Alert System for Award Flight Availability
STOCKHOLM, August 05, 2025--(BUSINESS WIRE)--AwardFares, the leading search platform for award flights, today launched a major upgrade to its alert system, giving users smarter tools to discover and book award availability faster. The new system includes two powerful features: Flex Alerts and Live Alerts. Together, they provide both flexibility and precision, helping travelers maximize their points and miles like never before. Flex Alerts are designed for the flexible traveler. Instead of requiring an exact route and date, users can set broad criteria such as "any airport in the US to Europe for an entire month." AwardFares' AI-powered system intelligently identifies matching availability, focusing not just on high-demand routes but also on high-value redemptions and new opportunities based on industry trends, fare dynamics, and user behavior patterns. For travelers with a specific plan, Live Alerts offer precision monitoring. This enhanced version of the platform's original alert feature allows users to target exact flights and routes. A key improvement is the ability to monitor multiple airports and extended date ranges within a single alert, making it easier and more efficient to track down must-have award seats for a specific trip. This launch reaffirms AwardFares' role as a product-driven leader in the industry. The company has a track record of introducing user-centric features that set new standards, including live availability checks, interactive seat maps, and its exclusive onboard menu and wine list feature. "Our users loved setting alerts for specific routes and dates, and it worked wonderfully. But we are obsessed with user experience and saw an opportunity to take it further," says Philip, Co-Founder at AwardFares. "To truly maximize your points, you often need to broaden your perspective. An alert that's too specific might cause you to miss an incredible Business Class deal from a neighboring city or one with a simple connection. With the new Flex Alerts, we provide a broader perspective on award availability, highlighting opportunities users might never have discovered on their own. When combined with our precision Live Alerts, travelers can build a powerful strategy to capitalize on these great opportunities." Continued Platform Expansion Demonstrating its commitment to providing the most comprehensive search tool on the market, AwardFares highlighted the addition of several new loyalty programs throughout the year and plans to integrate more partners in the coming months. This expansion will focus on key strategic areas, including broadening its coverage within the Avios ecosystem and adding new airline programs based in Latin America. Underscoring this commitment to global accessibility, AwardFares is also the only award search tool available in Spanish, uniquely positioning it to serve travelers throughout the Spanish-speaking world. How to Access The new Live and Flex Alerts are available today for AwardFares Gold and Diamond members. For more information and to start a free trial, visit About AwardFares AwardFares is an innovative online platform that simplifies the complexities of finding and booking award flights. Born from the founders' frustration with existing tools, AwardFares offers a fast and user-friendly interface that enables travelers to search across multiple frequent flyer programs and airline alliances simultaneously. With powerful features like the Timeline View, Live Seat Maps, Onboard Menus, and now the new Live and Flex Alerts, AwardFares' mission is to save travelers time and help them maximize the value of their points and miles, turning dream trips into reality. View source version on Contacts Media Contact Germán CeballosHead of Marketingmedia@ +1 774 5459975https://
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Continental Q2 tyre margins hit by tariffs, currency headwinds
(Reuters) -German car parts supplier Continental reported a slightly lower than expected second-quarter profit margin at its core tyres business on Tuesday, citing headwinds related to U.S. import tariffs and foreign exchange rates. The company said its adjusted earnings before interest and taxes (EBIT) margin rose 12% in the April-June period, down from 14.7% a year ago, compared to a company-compiled consensus of 12.5%. In June, the firm cut its profitability targets for both its core tyre business and the broader group. Continental is in the process of splitting off two of its three businesses, seeking to reposition itself as a pure-play tyre maker that it hopes will leave it better placed to handle a volatile market rattled by tariffs imposed by the United States. The automotive division generated profit margin of 4%, higher than 3.8% expected by analysts, thanks to cost-cutting measures and sustained price adjustments, the company said, adding it showed a positive momentum ahead of its listing on stock exchange on September 18. "We've worked hard to make our group sectors more resilient and more agile," CEO Nikolai Setzer said in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
