Newspaper article Evening Chronicle (Newcastle, England)

Train Wi-Fi Deal Is Right on Track; Business Briefing

Newspaper article Evening Chronicle (Newcastle, England)

Train Wi-Fi Deal Is Right on Track; Business Briefing

Article excerpt

Byline: COREENA FORD Business writer coreena.ford@ncjmedia.co.uk @Scoopford

1 Train wi-fi pioneer Nomad Digital is set to be snapped up by a multi-national transport giant, the Newcastle company has revealed.

Alstom, headquartered in Saint-Ouen in France, has signed a purchase agreement to acquire Nomad Holdings, which trades as Nomad Digital, with the deal set to complete within weeks.

The deal comes at the end of a strong year for the Quayside-based Nomad, which is currently owned by Amadeus Capital Partners, SEB Venture Capital and Deutsche Telekom Strategic Investments and other investors.

2 A PS65m deal that should pave the way for thousands of highly skilled jobs to be created in Newcastle has been completed.

The deal, which sees Legal & General Capital provide funding for developments at Newcastle's Science Central, was first announced in the summer, with the transaction now being completed with the partners in the scheme, Newcastle City Council and Newcastle University.

The PS350m development of the former brewery and one-time colliery site on the edge of Newcastle city centre has already seen the building of an awardwinning office block, The Core, while Newcastle University is developing facilities that include a new centre for urban sciences, plus national centres in energy and smart data.

It is ultimately hoped that the 24-acre site will create more than 4,000 jobs, 500,000 sq ft of office space and 450 new homes.

3 Stagecoach has introduced contactless card payments on its buses in the North East, making commuters in the region among the first to use the state-of-theart technology.

Passengers will no longer need to pay for their bus services with cash but can now use contactless credit or debit cards. Commuters can also pay using their mobile phone through Apple Pay or Android Pay. …

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