TRADING UPDATES: Roche Secures German Approval Covid-19 Home Tests

(Alliance News) - The following is a round-up of updates by global companies, issued on Friday ...

Alliance News 26 February, 2021 | 9:31PM
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(Alliance News) - The following is a round-up of updates by global companies, issued on Friday and not separately reported by Alliance News:

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Roche Holding AG - Basel, Switzerland-based pharmaceutical company - Secures special approval by the German Federal Institute for Drugs and Medical Devices to offer its SARS-CoV-2 Rapid Antigen Test using a nasal swab for patient self-testing in Germany. "The approval of our test provides people in Germany with a reliable option to test themselves in the comfort of their own home. Regular self-testing at home can reduce pressure on healthcare systems. It can quickly identify people with the highest potential to be infectious so they can take immediate action to manage their infection, seek medical advice and protect others," says Thomas Schinecker, Chief Executive of Roche Diagnostics.

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Nokia Corp - Espoo, Finland-based telecommunications, information technology, and consumer electronics company - Selected by Ecuadorian mobile operator, Corporacion Nacional de Telecommunicaciones to bring the first 5G network to the country. Nokia notes the deal comprises equipment from its AirScale portfolio that will allow CNT to deliver 5G experiences to subscribers with ultra-low latency, connectivity and capacity as well as reducing complexity and increasing cost efficiencies. Did not disclose any financial details.

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AT&T Inc - Texas-based telecommunication, media, and technology services provider - Says it will, along with private equity firm TPG Capital, establish a new company named New DIRECTV that will own and operate AT&T's US video business unit consisting of the DIRECTV, AT&T TV and U-verse video services. Notes transaction to separate AT&T's US video business into New DIRECTV implies an enterprise value for the new company of USD16.25 billion. When the transaction closes in the second half of 2021, AT&T will receive from New DIRECTV USD7.8 billion - USD7.6 billion in cash and the assumption from AT&T of USD200 million of existing DIRECTV debt. TPG will contribute USD1.8 billion in cash to New DIRECTV in exchange for preferred units and a 30% interest in common units of New DIRECTV. - AT&T says it will use the proceeds from the transaction to reduce its debt.

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Global Payments Inc - Atlanta, Georgia-based financial technology company - Completes offering of USD1.1 billion 1.200% senior notes due 2026. Will use the proceeds from the offering to fund the redemption in full of its 3.800% senior notes due 2021, to reduce debt under its unsecured revolving credit agreement and for general corporate purposes.

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By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Global Payments Inc 217.80 USD 0.07
AT&T Inc 29.95 USD 0.67
Roche Holding AG 309.20 CHF -0.10
Nokia Oyj 3.51 EUR 0.39

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Alliance News

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