Latest news with #financing
Malay Mail
4 hours ago
- Business
- Malay Mail
U Mobile secures RM4b funding to accelerate 5G expansion, appoints CIMB as loan coordinator
KUALA LUMPUR, May 31 — U Mobile has appointed CIMB as the company's loan coordinator and mandated lead arranger to facilitate and arrange financing of up to RM4 billion to support the nationwide deployment of its cutting-edge 5G network infrastructure. In a joint statement, U Mobile said the financing would fund its capital expenditure (capex) to accelerate the rollout of its Next Gen 5G network, which aims to achieve 80 per cent coverage of populated areas (COPA) by July 2026. As part of the arrangement, CIMB intends to participate in the financing of at least RM1.5 billion, with the balance to be syndicated among other financial institutions. 'This milestone underscores U Mobile's continued momentum as the nation's newest 5G network provider, spurring digital connectivity and innovation, solidifying Malaysia's digital ambitions,' the statement said. — Bernama
CBC
13 hours ago
- Business
- CBC
Hundreds of creditors out millions as werewolf movie filmed in B.C. frozen by insolvency
A much-anticipated film adaptation of the first novel in The Wolves of Mercy Falls romantasy series has been put on ice as a battle over its financing plays out in court. Filmed in Vancouver, Shiver was meant to be released in 2026. But, as Jason Proctor reports, its future is now uncertain, as are the payments still owed to hundreds of creditors.
Wall Street Journal
14 hours ago
- Business
- Wall Street Journal
Azul Gets First-Day U.S. Court Approvals in Chapter 11 Process
Azul said it received interim court approvals related to the company's chapter 11 petitions filed in the U.S. The court granted approval for the Brazilian airline operator to access $250 million of its $1.6 billion debtor-in-possession financing after a first-day hearing.
Bloomberg
14 hours ago
- Business
- Bloomberg
Wall Street Tower Seeks $850 Million for Residential Conversion
Developers are seeking a construction loan of about $850 million to convert Manhattan's 111 Wall St. into more than 1,500 apartments in what would be one of the largest office-to-residential projects in the city's history. InterVest Capital Partners is working with advisers from Walker & Dunlop New York Capital Markets to line up financing for the transformation, people familiar with the process said. The loan would represent about 65% of the total project costs and allow for the addition of five stories to the existing building, according to one of the people, who asked not to be named discussing the financing process.
Reuters
17 hours ago
- Business
- Reuters
Ethiopia, IMF staff agree programme review that could unlock $260 million
May 30 (Reuters) - Ethiopia and the International Monetary Fund have reached a staff-level agreement on the third review of the country's $3.4 billion loan programme from the lender, the Fund said on Friday. Once approved by the IMF's Executive Board, Ethiopia will gain access to another $260 million in financing. "The (Ethiopian) authorities' policy actions in the first year of the programme have yielded strong results. The transition to a flexible exchange rate regime has proceeded with little disruption," the IMF statement said. "Macroeconomic indicators have performed better than expected, with substantially better outcomes than forecast for inflation, goods exports and international reserves."
