Turkey hired Ernst & Young LLP to lead a multibillion-dollar privatization of two landmark Istanbul bridges and a string of highways, according to people familiar with the matter. The London-based firm will advise the government on the sale of operating rights to the 15 July Martyrs and Fatih Sultan Mehmet bridges — which connect Istanbul’s European and Asian halves — as well as at least nine toll...
Turkey hired Ernst & Young LLP to lead a multibillion-dollar privatization of two landmark Istanbul bridges and a string of highways, according to people familiar with the matter. The London-based firm will advise the government on the sale of operating rights to the 15 July Martyrs and Fatih Sultan Mehmet bridges — which connect Istanbul’s European and Asian halves — as well as at least nine toll roads, the people said, speaking on condition of anonymity as the details of the deal are private. Turkey also appointed Canada-based BTY Group as a technical adviser to the sale and plans to launch a formal tender process later this year, the people added. Read More: Turkey Said to Weigh Multibillion-Dollar Deal for Iconic Bridges A 2012 attempt to privatize both bridges and 2,000 kilometers (1,243 miles) of highways drew a winning bid of $5.7 billion. The process later collapsed after President Recep Tayyip Erdogan , then the country’s prime minister, said a sale below $7 billion would amount to “treason.” The government expects new bids in excess of that figure, the people said. EY and BTY didn’t respond to requests for comment. Turkey’s Treasury & Finance Ministry couldn’t immediately be reached for comment. Some of the details around the advisers were reported earlier by Mergermarket. Around 430,000 vehicles cross the two bridges every day, Turkey’s Transport Minister said in July, with a standard car paying a toll of 59 liras ($1.36) each way, according to the latest fares . EY, one of the so-called Big Four accounting and auditing firms alongside Deloitte LLP , PricewaterhouseCoopers LLP and KPMG LLP , has previously advised on bridge, highway and hospital projects in Turkey, according to its website .
TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn on Thursday flagged strong expectations for its first quarter performance, after reporting a 35.5% year-on-year rise in January revenue. "Shipments of AI racks continue to increase, and Smart Consumer Electronics are also better than expected," it said in a statement. "The seasonal performance for the current quarter is expected to be better tha...
TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn on Thursday flagged strong expectations for its first quarter performance, after reporting a 35.5% year-on-year rise in January revenue. "Shipments of AI racks continue to increase, and Smart Consumer Electronics are also better than expected," it said in a statement. "The seasonal performance for the current quarter is expected to be better than the range of the past five years," the company, Nvidia's biggest server maker, added, without elaborating. (Reporting by Ben Blanchard; Editing by Jacqueline Wong)
TLDRs; Qualcomm posts record $12.3B revenue, driven by automotive and IoT segments, boosting investor confidence. Automotive revenue climbs 15%, IoT contributes to Qualcomm’s diversified growth strategy. Qualcomm returns $3.6B to shareholders via dividends and buybacks, maintaining strong balance sheet. Memory supply constraints and geopolitical risks may pressure future demand and margins. Qualco...
TLDRs; Qualcomm posts record $12.3B revenue, driven by automotive and IoT segments, boosting investor confidence. Automotive revenue climbs 15%, IoT contributes to Qualcomm’s diversified growth strategy. Qualcomm returns $3.6B to shareholders via dividends and buybacks, maintaining strong balance sheet. Memory supply constraints and geopolitical risks may pressure future demand and margins. Qualcomm projects Q2 revenue of $10.2B–$11B with non-GAAP EPS of 2.45–2.6. 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Qualcomm (NASDAQ: QCOM) saw its stock rise modestly this week following the release of its first-quarter fiscal 2026 results, which showcased strong revenue growth in automotive and Internet of Things (IoT) segments. The semiconductor leader reported record revenues of $12.25 billion, up 5% from the previous year, reflecting continued expansion beyond its traditional smartphone business. The company’s GAAP net income reached $3 billion, while non-GAAP earnings per share (EPS) hit 3.5. Investors responded positively to the robust performance of Qualcomm’s QCT segment, which includes products for handsets, automotive applications, and IoT devices. Automotive revenue alone rose 15%, fueled by adoption of the Snapdragon Digital Chassis, a comprehensive in-car computing and connectivity platform. Automotive and IoT Drive Growth The strong results in automotive and IoT highlight Qualcomm’s strategic pivot to reduce reliance on smartphone sales. The company is targeting $22 billion in combined automotive and IoT revenue by 2029. Innovations such as Snapdragon X chips for PCs and AI-powered devices, along with the planned $2.4 billion acquisition of Alphawave Semi, are expanding Qualcomm’s reach into AI and data center infrastructure. QUALCOMM Incorporated, QCOM Qualcomm returned $3.6 billion to shareholders through dividends and stock repur...
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(RTTNews) - Telecom major BT Group plc (BT, BT_A.L) reported Thursday lower pre-tax profit and adjusted EBITDA, a key earnings metric, in its third quarter with weak revenues. In the quarter, reported profit before tax was 183 million pounds, down 244 million pounds from last year, driven by a 214 million pounds share of losses from the Sports JV. Adjusted EBITDA was 2.078 billion pounds in the qu...
(RTTNews) - Telecom major BT Group plc (BT, BT_A.L) reported Thursday lower pre-tax profit and adjusted EBITDA, a key earnings metric, in its third quarter with weak revenues. In the quarter, reported profit before tax was 183 million pounds, down 244 million pounds from last year, driven by a 214 million pounds share of losses from the Sports JV. Adjusted EBITDA was 2.078 billion pounds in the quarter, down 1 percent from last year's 2.103 billion pounds. Adjusted EBITDA was broadly flat excluding the impact of prior year one-off other operating income, with lower revenue offset by continued strong cost transformation. Total adjusted revenue fell 4 percent to 4.976 billion pounds from 5.183 billion pounds a year earlier. The company attributaed the decline to service revenue declines, lower equipment revenue, primarily handset trading, in Consumer and Business and the impact of divestments. Adjusted UK service revenue was 3.8 billion pounds, down 2 percent. Adjusted revenues declined 1 percent in Consumer, 6 percent in Business and 14 percent in International. Openreach revenues slightly increased from the prior year. Looking ahead, the company said it remains on track for financial outlook and guidance metrics, including cash flow inflection to around 2.0 billion pounds next year, and to around 3.0 billion pounds by the end of the decade. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.