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Viaplay buys remaining stake in Allente from Telenor
Viaplay buys remaining stake in Allente from Telenor

The Star

time17-07-2025

  • Business
  • The Star

Viaplay buys remaining stake in Allente from Telenor

STOCKHOLM (Reuters) -Swedish streaming group Viaplay Group said on Thursday it had agreed to buy the remaining 50% stake in Allente Group from Norway's Telenor for 1.1 billion Swedish crowns ($113 million). Viaplay said in a statement it would finance the deal, which would make it the sole owner of the provider of broadband and satellite TV, through available cash and a new 1.73 billion crown loan facility. ($1 = 9.7356 Swedish crowns) (Reporting by Anna Ringstrom, editing by Louise Rasmussen)

Iceland volcano erupts for 12th time since 2021
Iceland volcano erupts for 12th time since 2021

The Star

time16-07-2025

  • The Star

Iceland volcano erupts for 12th time since 2021

COPENHAGEN (Reuters) -A volcano erupted in south-west Iceland on Wednesday, the country's meteorological office said, marking the latest in a series of outbreaks near the capital in recent years. Often referred to as a land of ice and fire, the North Atlantic island nation with its many glaciers and volcanoes has now seen a dozen eruptions since geological systems on its Reykjanes peninsula reactivated in 2021. The outbreaks, known as fissure eruptions, are characterised by lava flows emerging from long cracks in the earth's crust, rather than from a central crater. The Reykjanes eruptions have not so far posed a threat to the capital Reykjavik, nor have they caused significant dispersals of ash into the stratosphere, avoiding air traffic disruption. The nearby fishing town of Grindavik, home to nearly 4,000 residents before an evacuation order in 2023, however remains mostly deserted due to the periodic threat from lava flows and related eartquakes. The Blue Lagoon luxury spa and the nearby Svartsengi thermal power station have also been at risk from lava in some of the previous eruptions. Experts have said the eruptions in the area could recur for decades, or even centuries. Iceland, which is roughly the size of the U.S. state of Kentucky and has fewer than 400,000 residents, boasts more than 30 active volcanoes. That makes the north European island a prime destination for volcano tourism - a niche segment that attracts thousands of thrill seekers every year to sites from Mexico and Guatemala, to Sicily, Indonesia and New Zealand. (Reporting by Isabelle Yr Carlsson and Anna Ringstrom, editing by Stine Jacobsen)

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