Government divided over Telekom Srbija sale – report

first_img Telekom Srbija AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 DEC 2015 Telekom Srbija eyes expansion with Albania buy Ex-Telenor Serbia and Montenegro unit attracts bids Serbia’s government is agonising over the sale of Telekom Srbija, with a final decision on the future of the company reportedly due later today (11 December).Six companies placed binding offers for the 58 per cent majority stake in the operator in November, which included a joint offer by Slovenia’s Telekom Slovenije and US private equity fund Apollo, as well as a bid from the Abu Dhabi investment authority, according to Reuters.The biggest offer on the table so far has reportedly been from the US Apollo fund at €1.2 billion, which falls just short of a €1.4 billion government valuation.Serbia’s prime minister Aleksandar Vucic is set to consult with financial adviser Lazard one more time before making a final decision.“I’m doing this because opinions are divided among ministers, it’s not easy to take such a decision,” he’s quoted as saying.Vucic has said in the past the government will not sell the stake unless its valuation is met, and it remains unclear whether ministers are divided about whether to sell at all, or who to sell to.Telekom Austria, which had a failed bid for the company in 2011, and Deutsche Telekom both emerged as interested parties when the sale process began, but have since pulled out of the running.Telekom Srbija owns a majority stake in Bosnia’s Telekom Srpske and also controls Montenegro’s M:Tel.According to GSMA Intelligence, the company has 4.8 million mobile connections, almost half of all overall connections in the country. Kavit Majithia Minister rules out Telekom Srbija sale in 2019 Related Previous ArticlePakistan’s regulator to replace Zong’s 3G spectrum this monthNext ArticleFrench minister sounds flexible note on Orange-Bouygues bid Home Government divided over Telekom Srbija sale – report Tags Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Authorlast_img read more

Agent proposes inclusion of marketing component to citizenship programs

first_img Share Tweet 573 Views   3 comments LocalNews Agent proposes inclusion of marketing component to citizenship programs by: Dominica Vibes News – January 5, 2017 Sharing is caring!center_img Share Share Samuel Raphael (file photo)An authorized citizenship agent has proposed that government considers including a marketing component in the economic and citizenship by investment programs.Sam Raphael, the proprietor of Jungle Bay Resort and Spa and Hummingbird Airlines, made the observation while a guest on a QFM radio program on Thursday 5 January 2017.He disclosed that in May 2015 he was contacted and interviewed by two female CBS reporters about Dominica’s programs and explained that in the process, usually these international news agency conduct preliminary interviews. However his interviews were not included in the ’60 Minutes’ report because it is “either you make the cut or you don’t; I didn’t make the cut, it could have been my status wasn’t high enough”.Raphael indicated that the questions the female reporters asked were not accurate with respect to the representation about security and he refuted them.“I thought I should explain the process, as I am doing to the people here, and they basically ignored that because they had an agenda, and their agenda again was to write a negative story on the Caribbean programs and they were going to do that,” he said.Raphael said he thought that the idea for the program had died until recently when he realized that they went ahead with it.“And they chose to air it and to time that program at a time as I said earlier when you had a transition of administration, where you could have maximum impact and they give us a black eye,” Raphael stated.Thus, his advice to the Dominica and regional governments where the program is operated, is to become collaborative competitors.“Sometimes we have to collaborate and just like the Caribbean came together to form the tourism association, we formed the banana growers association, we really, as a region, need to approach the CBI program [in the same way] to ensure that as a region it is protected,” Raphael said.While Raphael indicated that Dominica’s programs are being operated transparently, he said there is need for public education about the programs.“Because if we don’t begin to get people on board, and if we don’t begin to get our local populations behind the program, then it’s going to be hard to defend it in the international community,” he said.“I think the program is transparent, as far as I’m concerned, but there’s not a lot of public education and I think there’s a difference really between when you say transparency and public education,” he continued.Raphael said there are certain things about the programs which cannot be divulged due to privacy restrictions; “you cannot have a list of all the names of the people who have been granted citizenship, that goes against privacy and so on and so forth”.But, there are certain other things that persons have some questions about for example, how many people have been granted citizenship, the revenue generated.“These things they are available,” he noted, but added that “maybe they can be made more available to the people so that we can at least feel more comfortable to defend the program”.last_img read more

FASHION FORWARD: 2019 Paper Fashion Show holds its 15th annual installment

first_img“Mohawk Metallica” by Barry Brown and modeled by Sarah Schriever. Brown was last last years winner but Kim Lim’s “Sakura” took home the 2019 first place.AURORA | Models glided down the catwalk in a variety of textures and colors as the crowded room cheered.The fashion show accepted designs from middle school students to professionals with only one requirement to make the cut: the clothes had to be made out of paper.The 2019 Paper Fashion Show held its 15th annual installment at the Hangar at Stanley Marketplace on April 12. Hosted by One Club for Creativity Denver, the unconventional celebration of fashion was sponsored by 27 businesses both local and national.Mohawk Paper has provided paper to Paper Fashion designers for the last 13 years and sponsored 15 design teams for the 2019 event. The papermill supplies 35 26-by-30 inch sheets of folio for each group, according to Cassidy Davis business development representative for Mohawk Paper.Cindy Wilson models “Sakura” by Kim Lim and Chau Wilson. It was the first place winner of the 2019 Paper Fashion Show.“I think it’s a very unique type of event that’s not anywhere else in the world,” Davis said. “It showcases our beautiful papers in unimaginable ways.”The event is an all-hands-on-deck volunteer effort. Over the previous years, One Club has donated $58,000 of the fashion show earnings to Downtown Aurora Visual Arts, an after-school program that offers art education to Aurora youth.Children are also giving the chance to work with professional artists and designers on their Paper Fashion Show designs and see their projects on the runway. This year, Faith Resendez created a dress “Wild Queen” with the non-profit. A spectrum of blues and greens made up the dress and was paired with paper mache antlers and a lion-inspired tail.According to Paper Fashion Show co-manager Michael Garcia, the Hangar reached its capacity for the night. There wasn’t an empty seat in the house.Scotty Strehlow modeled “Leonid’s Dream” by the Celestial Toast team. Made from CTI Papers’ “kromekote” paper, Strehlow strutted in glistening shades of gold and was adorned in an ornate crown. She has modeled in other shows before but this marks the first time she was dressed in paper.Graphic design team, ArtHouse Design, created a dress called “Zephyrus – God of West Winds” for the 2019 Paper Fashion Show. The design was modeled by Amber Dextrous.“It was definitely different. More delicate, more making sure things don’t cross or rip and seeing how things lie. It was definitely more than the normal thing I wear,” Strehlow said. “Zephyrus – God of West Winds” by graphic design firm ArtHouse Design won the DAVA choice award — which was judged by a panel of students.Zach Kotel and Beth Rosa were two of the seven designers on team ArtHouse. According to them, the dress took around four months and was a side project for the firm. They used their skills as graphic designers to create test dresses out of cheaper paper. Kotel’s friend Amber Dextrous modeled the paper dress. “We thought it would be fun and different to have a drag queen as a model and also we were able to design the dress for his skin tone,” Kotel said. “So that was a big factor in the design because we wanted to play up that contrast and create something that really felt like it was made for the person who’s wearing it.”The overall winner of the night was “Sakura” by Kim Lim. Her niece, Cindy Wilson modeled the wedding inspired dress, complimented by a cherry blossom headpiece. Outside of paper, the design was made up of glue, thread, rhinestones and ribbon.Lim was inspired by haute couture designs of Chanel and Dior. For the intricacy and craftsmanship, Lim’s design impressed the judges and dethroned Barry Brown, who won first place for four consecutive times.“We won tonight because we had pockets in the dress,” Lim joked.Lim is a product manager, meaning she sews garments for other fashion designers. Despite her experience, paper served a new challenge.“With working with paper you have to glue, hold it there for a couple seconds and then you can continue. With fabric, it’s just sew and you’re done,” she said. Lim estimates that she cut more than 2,500 paper pedals.The size gradually grows larger from the bodice to the bottom of the skirt. Lim has participated in the Paper Fashion Show since 2015, but this marks her first overall win. The Paper Fashion Show is expected to return spring 2020, with more cutting-edge creations.last_img read more