0
Broadband

East African Cables seeks to raise additional capital

Friday 18 October 2019 | 08:41 CET | News
The group and company are also exploring ways of optimising its capital structure which could involve raising additional equity to recapitalise the business,  the company said. The proposed additional funding could be provided by existing shareholders through a rights issue or the company could invite a new strategic investor.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: EA Cables
Countries: Kenya
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

EA Cables returns to profit in H1 amid lower revenue

Published 12 Aug 2019 09:29 CET | Kenya
East African Cables has returned to profit despite a 19 percent decline in turnover, posting net earnings of KES 634 million in ...

EA Cables appoints new board member

Published 20 Mar 2019 14:42 CET | Kenya
East African Cables has appointed Carole Kariuki, CEO of the Kenya Private Sector Alliance (Kepsa), to its board, as the firm ...





Calendar   /   Industry Events

18 Nov MEF19
19 Nov Connected Germany
20 Nov Avaya fiscal Q4
20 Nov Inmarsat Q3 2019
20 Nov Netgear analysts meeting
20 Nov Poly investors day
20 Nov Line developer day
20 Nov Sigfox Connect 2019
20 Nov NexTV Series Central Europe
21 Nov Ooma fiscal Q3
21 Nov A3 results for Q3
22 Nov FCC meeting
25 Nov Palo Alto fiscal Q1
25 Nov MTS Investor Day
26 Nov Partner Communications Q3 2019
26 Nov Analog Devices fiscal Q4
26 Nov Marvell Technology fiscal Q3
26 Nov Tech Data fiscal Q3
26 Nov Dell Technologies fiscal Q3
26 Nov VMware fiscal Q3
26 Nov Telekom Malaysia Q3 2019
27 Nov Cellcom Q3 2019
::: More Calendar Items