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Latest Luxembourg Stories

2012-07-02 02:25:10

LUXEMBOURG and NEW YORK, July 2, 2012 /PRNewswire/ -- Sodrugestvo Group S.A. announced an agreement in which Mitsui & Co., Ltd. has become a 10-percent shareholder in Sodrugestvo and both companies will become strategic partners in some of their respective business activities. The details of the transaction were not disclosed; Mitsui's 10 percent stake in Sodrugestvo is based on an enterprise value of approximately US $2.2 billion. In conjunction with the share purchase by Mitsui, the...

2012-07-01 22:20:27

ATLANTA, July 2, 2012 /PRNewswire/ -- Novelis Inc. today announced it has completed the sale of three European aluminum foil and packaging plants to Eurofoil, a unit of American Industrial Acquisition Corporation (AIAC). The transaction includes foil rolling operations in Rugles, France; Dudelange, Luxembourg; and Berlin, Germany, which shall now operate, respectively, as Eurofoil France S.A.S., Eurofoil Luxembourg S.A., and Eurofoil Paper Coating GmbH. "Although these plants no longer...

2012-06-22 06:21:41

BETZDORF, Luxembourg, June 22, 2012 /PRNewswire/ -- SES (Euronext Paris and Luxembourg Stock Exchange: SESG) has announced a new multi-year agreement with one of its largest customers in the Philippines, MediaScape Inc, to provide additional capacity on the SES-7 satellite at the prime orbital location of 108.2 degrees East. With this capacity expansion MediaScape will utilise transponders on both SES-7 and NSS-11, satellites that are co-located at the same orbital location....

2012-06-22 02:25:16

BETZDORF, Luxembourg, June 22, 2012 /PRNewswire/ -- SES (Euronext Paris and Luxembourg Stock Exchange: SESG) has announced that it has signed a new multi-year capacity deal with Telikom Papua New Guinea (Telikom PNG), the country's incumbent telecommunications operator. The deal involves a renewal of satellite capacity on NSS-9 at 183 degrees east and on NSS-6 at 95 degrees east. In total, Telikom PNG currently contracts more than 100 MHz in capacity with SES and is one of SES'...

2012-06-21 22:22:39

BETZDORF, Luxembourg, June 22, 2012 /PRNewswire/ -- The increasing popularity of direct-to-home (DTH) satellite television and the growing demand for High Definition (HD) broadcast content across Asia-Pacific are driving the demand for satellite capacity in the region. With the number of satellite TV [http://www.onastra.com/2124/en ] channels offered by DTH platforms in Southeast Asia projected to reach 1,600 by 2016, leading global satellite operator SES is ramping up...

2012-06-12 06:30:21

BETZDORF, Luxembourg, June 12, 2012 /PRNewswire/ -- SES (Euronext Paris and Luxembourg Stock Exchange:SESG) has announced that 2DAY Telecom has signed a long-term capacity agreement to expand its reach and meet the growing needs of GSM backhaul services throughout Kazakhstan. 2DAY Telecom increased capacity utilisation aboard SES' NSS-12 satellite by 50 per cent to 54 MHz to deliver mobile communication services over challenging mountainous terrain in Kazakhstan. NSS-12...

2012-05-08 06:34:12

HONG KONG, May 8, 2012 /PRNewswire/ -- Vistra Fund Services (VFS) announced today the launch of its Privium Capital Fund product, a Cayman Islands-based umbrella fund structure. The Privium Capital Fund platform enables Vistra Fund Services clients to establish their own segregated portfolio or sub-funds and build fund management expertise located in four major jurisdictions - Hong Kong, Cayman, The Netherlands and the UK. Clients can benefit from a one-stop platform, with...

2012-04-30 02:29:31

LUXEMBOURG, April 30, 2012 /PRNewswire/ -- CellPhoneWatch.com, the leading website for phone watches, is excited to welcome Sony's SmartWatch, the most stylishly innovative watch yet to be marketed by an established high-tech company like Sony. Designed for savvy, on-the-go multi-taskers who want more than just the time attached to their wrist, Sony's SmartWatch incorporates a variety of dynamic software and applications that provides users with instant access to: Text messages Emails...

2012-04-11 23:02:53

Fryderyk Rdultowski joins cloud service distributor, LuxCloud as Chief Financial Officer Luxembourg (PRWEB) April 10, 2012 LuxCloud, a market leader in cloud service distribution, added in March a new member to its team, CFO, Fryderyk Rdultowski. LuxCloud is proud to welcome Fryderyk, who will bring a wealth of knowledge and experience to fund raising for the company´s continued and rapid growth. LuxCloud is constantly evolving and adding new products to its portfolio. In March 2012,...

2012-04-07 23:03:13

Veribo, a new service to help individuals and businesses protect and manage their reputations online, has been launched by Ehud Furman, former European MD of shopping.com. London, UK (PRWEB) April 06, 2012 Online privacy is a growing concern and one that has caught the attention of the European Commissioner for Justice, Viviane Reding, who is trying to readdress the balance of power between companies, individuals and search engines, and exercise the ℠right to be forgotten´....