Tencent in talks for loan of up to USD 2 bln - report

Nieuws Algemeen China 15 APR 2016
Tencent in talks for loan of up to USD 2 bln - report
Chinese internet value added services provider Tencent is in talks for a syndicated load of up to USD 2 billion as it expands operations and pushes ahead with acquisitions, Bloomberg reported, citing people familiar with the matter. The provider is looking for a five-year facility of USD 1.5-2 billion. The financing is separate from a five-year loan of USD 2.45 billion worked out with banks last year. Tencent declined to comment.

Categories:

Algemeen

Companies:

Tencent

Countries:

China

Tags:

Corporate strategy, Financial funding

Related Articles

CHINA 7 JUN 2016

Tencent ups syndicated loan to USD 4.4 bln

Tencent is increasing the size of a syndicated loan from USD 2 billion to 4.4 billion, Bloomberg reported, citing sources familiar with the matter. The company now has commitments from 25 lenders for the facility. Tencent was not available for an immediate response.

CHINA 18 MAY 2016

Omzet en winst Tencent stijgen, WeChat naar 762 MAU's

Het Chinese internetbedrijf Tencent heeft over het eerste kwartaal van dit jaar een omzet gerealiseerd van bijna 32 miljard yuan, omgerekend zo'n 5 miljard dollar). Dat komt neer op een stijging van 43 procent op jaarbasis. Het operationeel resultaat steeg eveneens met 43 procent, naar 13,4 miljard yuan. De operationele marge bedroeg in Q1 2016 42 procent, gelijk aan een jaar eerder. De nettowinst kwam uit op 9,2 miljard yuan (+34%), de aangepaste ebitda nam toe met 43 procent naar 15 miljard yuan. De capex

CHINA 18 MAY 2016

Tencent revenues up 43% in Q1, warns of possible ad slowdown

Chinese internet services provider Tencent reported total revenues in the first quarter up 43 percent year-on-year to CNY 31.995 billion (USD 4.952 billion). Operating profit was CNY 13.398 billion, an increase of 43 percent year-on-year, and the operating margin was unchanged at 42 percent. Net profit rose 33 percent to CNY 9.183 billion. Basic earnings per share were CNY 0.981 and diluted earnings per share were CNY 0.970. Tencent's popular messaging app WeChat and its related service Weixin counted 762 m

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.