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Bredband2 makes buy-out offer for A3 to create operator with 15% of Sweden's fibre connections

2020-09-14 09:53:00| Telecompaper Headlines

(Telecompaper) Swedish data communication and security services provider Bredband2 said it has issued a public buy-out offer to shareholders in telecommunications operator A3. The offer has been accepted by holders of nearly 72 percent of shares. The merged company with approximately 450,000 fibre connections and a 15 percent market share would be led by Bredband2 CEO Daniel Krook and there is likely to be some staffing overlap.

Tags: create offer makes connections

Category: Telecommunications

STC fails to strike deal on buying Vodafone Egypt stake

2020-09-14 09:11:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) said no agreement has been reached to buy a 55 percent stake in Vodafone Egypt, but the parties have agreed to keep the dialogue open. The company said in a bourse statement there was a "misalignment" among the parties involved. 

Tags: deal buying strike egypt

Category: Telecommunications

Nvidia buys Arm for USD 40 billion

2020-09-14 09:03:00| Telecompaper Headlines

(Telecompaper) Nvidia announced a definitive agreement to buy Arm from SoftBank for USD 40 billion, minus Arm's IoT Services Group. Nvidia founder and CEO Jensen Huang said the deal will unite Nvidia's AI computing with Arm's CPU expertise to create an AI superpower and advance computing from the cloud, smartphones, PCs, self-driving cars, robotics, 5G and IoT. It will also expand Nvidia's developer reach from 2 million to over 15 million software programmers. 

Tags: usd arm billion nvidia

Category: Telecommunications

Austria completes 5G frequencies auction for EUR 202 mln

2020-09-14 08:31:00| Telecompaper Headlines

(Telecompaper) In total 1,702 out of 2,100 poorly or not at all supplied communities will receive mobile broadband coverage by 2027, under the commitments attached to the new spectrum licences. Magenta Telekom will supply 615 communities, Hutchison Drei 739 and A1 349. 

Tags: eur austria auction frequencies

Category: Telecommunications

ByteDance chooses Oracle as 'trusted tech partner,' rejects bid from Microsoft - report

2020-09-14 08:26:00| Telecompaper Headlines

(Telecompaper) Byte has rejected Microsoft's offer for its TikTok operations in the US and reportedly chosen Oracle as its "trusted tech partner." The report, put out by the Wall Street Journal, came a few hours after Microsoft announced its bid had been denied, but added that the deal is not likely to be structured as an outright sale. It is also not yet know if the agreement with Oracle includes the transfer of TikTok algorithms.

Tags: report partner tech microsoft

Category: Telecommunications

The future 5G spectrum shortage: Is 6 GHz the answer?

2020-09-14 02:00:00| Total Telecom industry news

At the start of the year, many were already beginning to call 2020 the long-awaited ‘Year of 5G’. Operators were just starting to tentatively roll out the new technology, expecting it to have a huge impact on everything from how we consume mobile data to the future of industry itself. However, none could have predicted the onset of the coronavirus pandemic, which saw the industry rapidly pivot to face this new and deadly disruption. Given the global effect of the pandemic, as well as its ongoing economic impact, one would be forgiven for thinking that 5G would have been heavily delayed around the world. On the contrary, 5G deployment has still been accelerating rapidly, with the GSMA in July noting 81 commercial launches around the world. Whether 2020 can still be called the ‘Year of 5G’ is up for debate, but the rapid growth and acceleration of the technology is undeniable; in a recent report, the GSMA estimates there will be around 1.2 billion 5G connections by 2025, with the industry worth $4.9 trillion by 2024.   But while 5G technology is still clearly in its infancy, the industry is already looking to the future to overcome some foreseeable problems – in particular…read more on TotalTele.com »

Tags: the future answer spectrum

Category: Telecommunications

Billionaire founder Drahi makes 2.5bn bid to take Altice Europe private

2020-09-14 02:00:00| Total Telecom industry news

On Friday, Patrick Drahi has revealed a €2.5 billion bid to take Altice Europe private, saying that the move would represent a “new and exciting chapter for Altice Europe and our stakeholders”.   The bid comes via Drahi&rsquo…read more on TotalTele.com »

Tags: private makes europe bid

Category: Telecommunications

Ian Livingston reportedly appointed head of UKs vendor diversity task force

2020-09-14 02:00:00| Total Telecom industry news

Back in July, UK Prime Minister Boris Johnson expanded limitations on Huawei that were put in place at the start of the year, forcing operators to instead fully exclude the Chinese vendor’s equipment from their current and upcoming 5G networks by 2027…read more on TotalTele.com »

Tags: head force task vendor

Category: Telecommunications

Zurich court rejects Salt injunction bid against Sunrise-UPC merger, calls hearing

2020-09-11 10:34:00| Telecompaper Headlines

(Telecompaper) Swiss operator Sunrise said that the Commercial Court of the Canton of Zurich has rejected an injunction application filed by Salt. Salt sought the injunction to restrain Freenet, the largest shareholder of Sunrise, the board and executive members of the company, from tendering their shares to UPC Switzerland. The Commercial Court has summoned Sunrise and Salt for an oral hearing over Salt's application on 14 September.

Tags: court calls bid hearing

Category: Telecommunications

Altice Europe to go private after Drahi makes buy-out offer

2020-09-11 09:04:00| Telecompaper Headlines

(Telecompaper) Patrick Drahi has announced an offer to take Altice Europe private. His takeover bid values the outstanding minority shares at EUR 2.5 billion and would see the company de-listed from the Amsterdam stock market. 

Tags: private offer makes europe

Category: Telecommunications

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