TEF

EQS-News: Tony Elumelu Foundation Announces 10th Cohort of Entrepreneurship Programme – 20,000 Entrepreneurs Funded Across Africa

Retrieved on: 
Wednesday, April 10, 2024
Cooking, DEG, Indian Red Cross Society, The Tony Elumelu Foundation, United Nations Development Programme, Government, Database, AFD, Growth, GIZ, Woman, Partnership, African Development Bank, Education, Ageing, United Nations, Female, TEF, Private sector, Mentorship, Student, Adolescence, USADF, Empowerment, European, OACPS, Organization, UNDP, Tony Elumelu, Multilateralism, ICRC

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.

Key Points: 
  • The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced the successful entrepreneurs in its tenth selection for the TEF Entrepreneurship Programme.
  • The Tony Elumelu Foundation has disbursed US$100,000,000 directly to young African entrepreneurs, who have created over 400,000 direct and indirect jobs, contributing significantly to Africa's economic growth and development.
  • Since inception in 2010, the Tony Elumelu Foundation has pioneered an innovative approach to seeding, capacitising and networking young entrepreneurs across Africa.
  • To learn more about the Tony Elumelu Foundation Entrepreneurship Programme "Decade of Impact" please see here ( https://apo-opa.co/3IULYeS ).

Texas Consumers Deserve Reliable Grid at Affordable Cost

Retrieved on: 
Thursday, April 4, 2024
Storm, Risk, Proposition 7, TEF, DRRS, PUC, Public utilities commission, PCM, ERCOT, TCA, Legislation, Electric power

The analysis was prepared by Josh Rhodes of IdeaSmiths and Rajaz Amitava of Astrapé Consulting for Texas Consumer Association (TCA).

Key Points: 
  • The analysis was prepared by Josh Rhodes of IdeaSmiths and Rajaz Amitava of Astrapé Consulting for Texas Consumer Association (TCA).
  • The study shows that Texas consumers will pay at least $1 billion more annually if the PUC implements the Performance Credit Mechanism (PCM) method according to H.B 1500.
  • "Texas consumers will pay tens of billions of dollars over several decades for the long-term reliability failures during Winter Storm Uri," said Haverlah.
  • It's our hope that lawmakers, regulators, and the grid operator will correct the course to provide Texas consumers the reliability they expect at a cost they can afford."

EQS-News: Harvard Business School Launches Tony Elumelu Foundation Case Study

Retrieved on: 
Wednesday, March 13, 2024
The Tony Elumelu Foundation, IKEA, USD, Entrepreneurship, Climate, TEF, Female, Harvard University, Hope, UNDP, HBS, Private sector, ICRC, Harvard Business School, Unemployment, Partnership, Tourism

At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF) ( https://www.TonyElumeluFoundation.org ), and its unique approach to catalysing entrepreneurship in Africa.

Key Points: 
  • At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF) ( https://www.TonyElumeluFoundation.org ), and its unique approach to catalysing entrepreneurship in Africa.
  • The case study recognises challenges the Foundation faces, and its responses, as it developed its mission, since founding in 2010.
  • Tony Elumelu, who spoke at Harvard said, “TEF is creating economic hope and opportunity for African entrepreneurs.
  • Distributed by APO Group on behalf of The Tony Elumelu Foundation.

Telefónica and Nova Labs launch Helium Mobile Hotspots in Mexico

Retrieved on: 
Wednesday, January 24, 2024
LOS, Telefónica, TIP, Helium Network, Movistar, Telecom Infra Project, Communication, SIM, Telecommunications, Small business, Mobile, TEF, Public affairs, Mobile phone

Telefónica and Nova Labs pioneering solution enables Telefónica customers to connect to the Helium Mobile Network in a secure and controlled manner using their existing SIM.

Key Points: 
  • Telefónica and Nova Labs pioneering solution enables Telefónica customers to connect to the Helium Mobile Network in a secure and controlled manner using their existing SIM.
  • MEXICO CITY and LOS ANGELES, Jan. 24, 2024 /PRNewswire/ -- Telefónica (NYSE: TEF), the world's leading telecommunications services provider, and Nova Labs , a pioneer in decentralized wireless communication technologies, have partnered to launch Helium Mobile Hotspots in Mexico.
  • Helium Mobile Hotspots are connected to a proprietary management system developed by Telefónica, which controls its customers' automatic access to the Helium Mobile Network for mobile data sessions.
  • Helium Mobile Hotspots are compact, discrete, easy to install and can be deployed in small spaces, increasing mobile coverage and allowing mobile data to be offloaded from the core network to the Helium Mobile Network.

LMN and TEF Unveil the Design of the Diego Rivera Theater in San Francisco

Retrieved on: 
Wednesday, June 14, 2023
STEAM, Theatre, Music, Partnership, LMN, University, St. Lawrence Centre, Education, TEF, Social, LMN Architects, City college, Culture, McCaw Hall, Broward Center for the Performing Arts, Pan American Unity, Bayview Opera House, Mission, Diego Rivera, Golden Gate International Exposition, Drama, AIA, History, MUB, San Francisco Museum of Modern Art, Student, City, City College of San Francisco, CCSF, Benaroya Hall, Pedestrian, Tobin Center for the Performing Arts, Performing arts, Mission Cultural Center for Latino Arts, Nightclub, Interior design

Seattle, June 14, 2023 (GLOBE NEWSWIRE) -- LMN Architects and TEF Design have been commissioned to design the Diego Rivera Theater at the City College of San Francisco (CCSF) in California.

Key Points: 
  • Seattle, June 14, 2023 (GLOBE NEWSWIRE) -- LMN Architects and TEF Design have been commissioned to design the Diego Rivera Theater at the City College of San Francisco (CCSF) in California.
  • The project will showcase the iconic Pan American Unity mural created by Diego Rivera and is set to become a new hub for community and culture in San Francisco.
  • The Diego Rivera Theater is set to become the cultural heart of the CCSF campus.
  • John Chau, Partner, LMN Architects, comments: “Diego Rivera’s deep connections to San Francisco and the United States cannot be overstated, and we are very excited for this opportunity to design the new Diego Rivera Theater.

Atento Reports Fiscal 2022 Third Quarter and Nine Month Results

Retrieved on: 
Tuesday, November 15, 2022
Rationalization, EBITDA, CCY, TEF, NEW, Brazilian, Efficiency, CRM, Leg, CDI, EMEA, NYSE, Contract, EPS, LTM, Yoy, Morgan Stanley, Cryptocurrency, Bank, Airline, Financial services, Atento, Euro, Q4

Expecting to keep on generating further efficiencies

Key Points: 
  • Expecting to keep on generating further efficiencies
    Strong Operating Cash Flow of $8mm, building on the positive trend in 2Q22.
  • All comparisons in this announcement are year-over-year (YoY) and in constant-currency (CCY), unless otherwise noted.
  • Year-over-year (YoY), EBITDA decreased 22.7%, mainly due to aforementioned factors in Brazil, partially offset by Multisector growth in EMEA
    EBITDA margin increased 3.3 p.p.
  • The floating leg was reduced from 142.25% to 133.45% CDI (Brazilian Interbank Market Rate).

Atento Reports Fiscal 2022 Second Quarter and First Half Results

Retrieved on: 
Wednesday, August 3, 2022
EBITDA, CCY, Efficiency, EPS, NYSE, State, Customer relationship management, Yoy, Company, CX, COVID-19, Atento, CRM, TEF, LTM, NEW, Business process, TAV, ATTO, Online gambling, Fossil fuel, Video game, Bank

Record June sales of $34 million, growing to 60% in hard currency, and Total Annual Value of Sales in Q2 increasing 16.4% to $54.7 million

Key Points: 
  • Record June sales of $34 million, growing to 60% in hard currency, and Total Annual Value of Sales in Q2 increasing 16.4% to $54.7 million
    Accelerated 2022 cost efficiency program, realizing $15 million cost reductions by year-end, or $25 million on an annualized basis.
  • Cash position rose 6.1% to healthy $103 million, with strong free cash flow turnaround to positive $5 million, versus negative $26 million in 2Q21 and negative $65 million in 1Q22
    Working capital improved to positive $9 million in 2Q22, versus negative $25 million in 2Q21
    Due to uncertain macroeconomic conditions, annual guidance revised to flat revenue growth, EBITDA margin of 11.5% to 12.5%, and leverage ratio of 3.0x to 3.5x
    Strong year-end exit rate forecasted, based on sales momentum and improving cost structure
    NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Atento S.A. (NYSE: ATTO) ("Atento" or the "Company"), one of the five largest providers of Customer Relationship Management and Business Process Outsourcing (CRM / BPO) services worldwide and sector leader in Latin America, announced today its second quarter operating and financial results for the period ending June 30, 2022.
  • All comparisons in this announcement are year-over-year (YoY) and in constant-currency (CCY), unless otherwise noted.
  • Total Annual Value of sales (TAV) increased 16.4% to $54.7 million, growing 88.7% in hard currencies that accounted for 60.2% of TAV
    Excluding the effect of a large one-time Covid-19 services contract signed with State of Maryland in first quarter 2021, TAV would have increased 27.7% in first-half 2022
    Revenue decreased 4.0% to $363.8 million, with Multisector and Telefnica (TEF) sales decreasing 3.3% and 5.5%, respectively,due to lower client volumes, mainly in Brazil and the US, partially offset by inflation pass-through
    Brazil TEF sales declined 14.7%, due to the cost-cutting program that this client implemented in the first quarter, which requires reduced CX volumes
    EBITDA impacted by reduced volumes, additional one-time severance costs and higher inflation
    EBITDA decreased 44.2% to $28.5 million on aforementioned declines in Multisector and TEF sales, coupled with high severance costs related to new cost efficiency initiatives, ramp up of new client programs and higher inflation, as well as positive one-offs in second quarter of 2021
    Net loss of $12.1 million, or negative EPS of $0.83, mainly due to net financial expenses of $12.9 million, $8.7 million of which was non-cash items related to change in fair value of hedges
    Cash financial costs were $29.6 million, of which $20.9 million was a bond interest payment and other interest expenses, primarily those related to the Company's hedges and bank credit facilities
    Healthy exit rate at quarter-end, with revenue, EBITDA and operating cash flow forecasted to accelerate during second half of year
    Healthy cash position of $102.9 million, including $75 million from existing credit revolvers
    At the end of 2Q22, LTM net debt-to-EBITDA was 5.3x, or 3.8x when excluding EBITDA impact of cyberattack in Q4 2021
    Shareholders' equity was negative $130.9 million at June 30, 2022, mainly due to $108.5 million in financial items consisting of $68.8 million in balance sheet and P&L conversion, $39.7 million in financial costs and a negative net $7.1 million change in fair value of hedging instruments
    Cost reduction initiatives began in April 2022, focused on two areas: SG&A efficiencies, Labor Cost/Headcount and 360 Vendor Revision

Data Connectivity Services Play a Vital Role of Business Growth

Retrieved on: 
Wednesday, June 22, 2022
Cloud, CAGR, SIM, Acoustics, Contextual advertising, Wipro, USD, Marketing, University, Policy, Augmented reality, Communication, Social media, Disclosure, Solution, VEON, Power distribution unit, AR, Omicron, Privacy policy, Software as a service, Privacy, Internet, MNI - Market News, Bias, CEO, Editorial, News, PJSC VimpelCom, IMT, TEF, PJSC, Use, Engineering, Wireless, Platform as a service, NASDAQ, Twitter, NETWORK, CU, Contract, Industry, Education, Central Unit, VLSI, Adoption, Digitalization, UNWTO, Tablet, Instagram, NYSE, City, Financial News, Advertising, NOK, Bell Labs, Safety, HFCL, Company, Efficiency, IOT, Research, Partnership, UCL, Goal, Mobile phone, Renewable energy, Video game console, Tourism, Public relations, Limited, Politics, Bee line

NEW YORK, June 22, 2022 /PRNewswire/ -- The 5G infrastructure is rapidly growing around the world. 5G is considered to be the next-generation cellular technology that will provide high speed reliable communication at ultra-low latency levels. It is currently used across three main types of connected services, including enhanced mobile broadband, mission-critical communications, and the massive IoT. The 5G technology market includes 5G connectivity technologies such as enhanced mobile broadband, ultra-reliable low latency communications, and massive machine type communications. In fact, 5G technology is expected to redefine communication, entertainment, and how people connect to the internet. Depending on the industry, some businesses can make full use of 5G capabilities. For instance, factories could use 5G to run industrial Ethernet to help them increase operational productivity and precision. uCloudlink Group Inc. (NASDAQ: UCL), Telefónica S.A (NYSE: TEF), VEON Ltd. (NASDAQ: VEON), Nokia Corp. (NYSE: NOK), Wipro Limited (NYSE: WIT)

Key Points: 
  • It is currently used across three main types of connected services, including enhanced mobile broadband, mission-critical communications, and the massive IoT.
  • For example, the need to ensure strong, seamless, and uninterrupted connectivity with autonomous vehicles is expected to drive the adoption of 5G services.
  • Ctrip will continue to act as a selling agent for UCLOUDLINK's data connectivity services and products through Ctrip's platform.
  • UCLOUDLINK will also provide its standard and customized international data connectivity services to Ctrip's self-run tour groups and those run by third party travel agencies on the Ctrip platform.

Data Connectivity Services Play a Vital Role of Business Growth

Retrieved on: 
Wednesday, June 22, 2022
Cloud, CAGR, SIM, Acoustics, Contextual advertising, Wipro, USD, Marketing, University, Policy, Augmented reality, Communication, Social media, Disclosure, Solution, VEON, Power distribution unit, AR, Omicron, Privacy policy, Software as a service, Privacy, Internet, MNI - Market News, Bias, CEO, Editorial, News, PJSC VimpelCom, IMT, TEF, PJSC, Use, Engineering, Wireless, Platform as a service, NASDAQ, Twitter, NETWORK, CU, Contract, Industry, Education, Central Unit, VLSI, Adoption, Digitalization, UNWTO, Tablet, Instagram, NYSE, City, Financial News, Advertising, NOK, Bell Labs, Safety, HFCL, Company, Efficiency, IOT, Research, Partnership, UCL, Goal, Mobile phone, Renewable energy, Video game console, Tourism, Public relations, Limited, Politics, Bee line

NEW YORK, June 22, 2022 /PRNewswire/ -- The 5G infrastructure is rapidly growing around the world. 5G is considered to be the next-generation cellular technology that will provide high speed reliable communication at ultra-low latency levels. It is currently used across three main types of connected services, including enhanced mobile broadband, mission-critical communications, and the massive IoT. The 5G technology market includes 5G connectivity technologies such as enhanced mobile broadband, ultra-reliable low latency communications, and massive machine type communications. In fact, 5G technology is expected to redefine communication, entertainment, and how people connect to the internet. Depending on the industry, some businesses can make full use of 5G capabilities. For instance, factories could use 5G to run industrial Ethernet to help them increase operational productivity and precision. uCloudlink Group Inc. (NASDAQ: UCL), Telefónica S.A (NYSE: TEF), VEON Ltd. (NASDAQ: VEON), Nokia Corp. (NYSE: NOK), Wipro Limited (NYSE: WIT)

Key Points: 
  • It is currently used across three main types of connected services, including enhanced mobile broadband, mission-critical communications, and the massive IoT.
  • For example, the need to ensure strong, seamless, and uninterrupted connectivity with autonomous vehicles is expected to drive the adoption of 5G services.
  • Ctrip will continue to act as a selling agent for UCLOUDLINK's data connectivity services and products through Ctrip's platform.
  • UCLOUDLINK will also provide its standard and customized international data connectivity services to Ctrip's self-run tour groups and those run by third party travel agencies on the Ctrip platform.

Atento Reports Fiscal 2022 First Quarter Results

Retrieved on: 
Thursday, May 12, 2022
COVID-19, CX, Optimism, Debt, Company, EBITDA, EPS, Sick leave, Insurance, Contract, Financial technology, Income, State, LTM, TAV, Absenteeism, Omicron, Earnings, IFRS, Growth, TEF, Bank, Pharmaceutical industry, Airline, EMEA, Atento

During the quarter we continued transforming the core of our business and recently took steps to improve the effectiveness of our sales organization.

Key Points: 
  • During the quarter we continued transforming the core of our business and recently took steps to improve the effectiveness of our sales organization.
  • Atento's first quarter consolidated revenue decreased 2.3% to $356.6 million, with Multisector and Telefnica (TEF) sales decreasing 2.7% and 1.5%, respectively.
  • First quarter reported EPS was negative $4.99 compared to negative $1.44 in last year's comparable quarter.
  • On March 31, 2022, Atento held $97.0 million in cash, including $89 million drawn from existing credit facilities.