TCS HOBS and CNVRG have joined up
In order to enhance the user experience for broadband services, CNVRG contracted with Tata Consultancy Services (TCS). Among them is CNVRG’s TCS HOBS, which is a plug-and-pay digital business platform for subscription, device and data management that is available as a SaaS solution. This initiative helps CNVRG to achieve quicker time to market while also using its partner ecosystems to create B2B2X models.
Quintel USA has extended its master supply agreement with TECH
Quintel USA, a division of TECH that specializes in telecom base station antennas, has renewed its Master Supply Agreement with two major North American carriers for an additional five years. The worldwide 5G base station market is expected to expand at a compound annual growth rate (CAGR) of 32 percent from 2020 to 2028, with an estimated cross-market value of $177 billion by 2028.
Plastic-neutrality certification is granted to CNPF
With the help of the Plastic Credit Exchange (PCX), CNPF was able to get Plastic Neutral certificates for all of its products that utilize flexible plastic packaging. Angel Coffee Creamer, Hunt’s, Swift, and UnMeat are just a few of the brands included.
Filreit obtains approval from the PSE for their IPO
Filinvest Real Estate Investment and Development Corporation (previously Cyberzone Properties) was approved by the PSE for the listing of 4.892 billion common shares. The basic offer consists of between one and one-and-a-half billion common shares at an offer price of P8.30/share, with options for additional shares, or about 36.74% of FILREIT’s issued and existing capital. The auction is running from July 26th through August 3rd, and includes August 12th as a listing date. Filreit will have about 300,000 square meters. GLA.
SLI working on a follow-on float.
In accordance with an ongoing follow-on offering, SLI submitted its registration statement with the SEC to list up to P3 billion shares covering the offer. There will be 2.5 billion shares available, with a maximum allocation of 500 million shares selling at a price of P3.29 per share.
MM invests in a drugstore chain
Carlos Drugs-Lucena, Inc. agreed to sell MM a 67 percent stake in the drugstore business. The aforementioned pharmacy chain has 27 locations and is profitable. Details will be revealed at a later date.