TechCrunch

Xiaomi secures $1B loan to expand its international presence and offline retail footprint

Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint […]

TechCrunch

Verizon Q2 beats on $1.07 EPS, $30.5B in sales, plans $1B in ‘synergies’ in Oath

Verizon Communications has been investing in building out new areas of business like media and wireless services to offset declines in legacy products like fixed telephony, and today it released Q2 results that underscored that strategy. Verizon reported earnings per share of $1.07 and revenues of $30.5 billion, citing growth in wireless customers (which now total […]