Sources told the Financial Times that billionaire George Soros has bought a 3.1% stake in Spanish builder FCC. The acquisition happened just three months after Microsoft's Bill Gates also made a bet on the company.
Tags: FCC
Obama pressures FCC for strong net neutrality rules
U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and telecoms companies and Republican lawmakers.
Cementos Portland approaches Blackstone over debt refinancing-source
Spanish cement company Cementos Portland Valderrivas majority owned by FCC, has approached Blackstone over the refinancing of 345 million euros ($436.36 million) of debt, a source close to the matter said on Friday.
Spain's FCC says board approves $1.3 billion rights issue
Spanish builder and services company FCC (FCC.MC) said on Sunday its board had approved a well-flagged capital increase of 1 billion euros ($1.3 billion) which it will use to pay down debt.
FCC pauses clock on Comcast-Time Warner Cable merger
The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.
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Shares of debt-laden construction firm FCC SA leaped by as much as 8.8% on Friday following news that American hedge fund Soros Fund Management, controlled by billionaire George Soros, had acquired a 3% stake in the company.
Bill Gates bought a 6% stake in Spain's FCC for EUR 113.5 million. Billionaire Bill Gates had purchased a 6% stake in Spain-based construction firm Fomento de Construcciones & Contratas or FCC.
CenturyLink Inc would receive USD54 million from the Connect America Fund of the FCC to finance the broadband services in suburban homes of high-cost areas.
Triton Fund announced that it would acquire Alpine Energie from FCC. The Triton Fund announced that it had agreed to purchase Alpine Energie from Fomento de Construcciones y Contratas SA (FCC).
Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
US regulators finally approved the acquisition bid from SoftBank Corp to take control over Sprint Nextel.
Alpine Bau, the insolvent arm of Spain's construction group FCC, could break up with the failure of last-ditch talks to save the company.
The Austrian construction group Alpine Bau claims insolvency, and stands to be the largest ever in Austrian history.
Alpine to discuss with its mother firm FCC as to financial options in the future. The Austrian division of Spanish construction group FCC, Alpine will host discussions with the company owners regarding how to fulfill its financial requirements and other possible options, according to Arnold Schiefer, Chief Executive Officer of Alpine.
