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Broadcom says chip market bottomed out, demand to remain low

2019-09-13 09:43:00| Telecompaper Headlines

(Telecompaper) Broadcom reported revenues for its fiscal third quarter to July up 9 percent year-on-year and little changed on a sequential basis at USD 5.515 billion. The company said it appeared the semiconductor market had bottomed out but it's expected to remain at a low level due to the uncertain market conditions. 


Google to pay EUR 1 bln in tax settlement with French authorities

2019-09-13 09:32:00| Telecompaper Headlines

(Telecompaper) Google reached an agreement in France on a long-running dispute with the country's tax authorities, which had led to a raid by financial crime officers on its Paris office in 2016. At the time, the company was reportedly asked to pay EUR 1.6 billion in back taxes, after being accused of tax optimisation practices. A Google spokesperson confirmed that a settlement had been reached, comprising a EUR 500 million fine ordered by a French court, in addition to a EUR 465 million payment for additional taxes.


Activist investor AOC opposes Sunrise takeover of UPC Switzerland

2019-09-12 15:43:00| Telecompaper Headlines

(Telecompaper) The activist investor Active Ownership Capital (AOC) said that it opposes the takeover of UPC Switzerland by Sunrise in its current form, Reuters reports.

Tags: switzerland investor sunrise upc


Huawei CEO offers to license 5G stack to new competitor

2019-09-12 15:32:00| Telecompaper Headlines

(Telecompaper) Huawei is prepared to sell a perpetual licence to its 5G stack to help create a competitor on the market, CEO Ren Zhengfei said in an interview with The Economist. The buyer would be able to modify the source code to build its own network equipment, a move that could help alleviate concerns about Huawei's alleged ties to the Chinese government. 

Tags: to offers license ceo


Avaya still in takeover talks but with no time-table

2019-09-12 14:54:00| Telecompaper Headlines

(Telecompaper) Avaya said that the takeover talks it hoped would be completed by mid-September are still ongoing and that it remains in advanced discussions. Reports in March said the company was considering a leveraged buy-out offer form a private equity firm. The company later confirmed it was it was considering takeover offers and that these would be completed soon.

Tags: with no talks timetable


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