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Macquarie offers EUR 2.65 bln for Enel's Open Fiber stake

2020-09-18 09:16:00| Telecompaper Headlines

(Telecompaper) Italian utility giant Enel has confirmed the receipt of a binding bid from Australian infrastructure fund Macquarie for its 50 percent stake in Italian wholesale-only operator Open Fiber. In a brief statement, Enel said Macquarie Infrastructure & Real Assets (MIRA) offered EUR 2.65 billion, excluding debt, for the stake, with further adjustment and earn out mechanisms to be taken into account. The state-backed utility said its board is now "awaiting updates on the details that may emerge following the required in-depth activities with MIRA on the content of the offer."

Tags: open offers eur fiber

Category:Telecommunications

Ericsson to buy wireless WAN specialist Cradlepoint for USD 1.1 bln

2020-09-18 08:27:00| Telecompaper Headlines

(Telecompaper) Ericsson announced an agreement to acquire Cradlepoint for USD 1.1 billion. The takeover of the US-based company is expected to strengthen its portfolio of enterprise wireless solutions, including products for wireless edge WAN over 4G and 5G networks. 

Tags: buy wireless usd specialist

Category:Telecommunications

Verizon, AT&T launch Zenkey mobile authentication system to customers

2020-09-17 14:54:00| Telecompaper Headlines

(Telecompaper) US mobile operators Verizon and AT&T have launched their new authentication service Zenkey for customers. Developed by the industry over the past three years, Zenkey uses factors such as the mobile phone number, Sim card and device to verify a user's identity when logging into a secure site. It's expected to help mobile users avoid having to remember multiple passwords for online services. 

Tags: system mobile customers att

Category:Telecommunications

Altitude Infrastructure raises EUR 500 mln, unveils EUR 2.5 bln fibre investment plan

2020-09-17 10:27:00| Telecompaper Headlines

(Telecompaper) French fibre operator Altitude Infrastructure has announced that its subsidiary AI THD has raised EUR 500 million in equity and junior debt to fund fibre expansion and support the growth of newly acquired wholesaler Kosc. The operation consists of two transactions that should be finalised during the fourth quarter, subject to regulatory approval. A pension fund managed by the Real Assets and Private Markets division of UBS Asset Management will provide the capital raised in equity, said the company.

Tags: plan eur investment infrastructure

Category:Telecommunications

Facebook unveils Oculus Quest 2 VR headset, plans Ray-Ban smart glasses in 2021

2020-09-17 09:56:00| Telecompaper Headlines

(Telecompaper) Facebook introduced the 'Oculus Quest 2' VR headset at its Facebook Connect conference. Pre-orders for the new VR gadget will open on 22 September, and Quest 2 will ship 13 October. The company also entered a multi-year partnership with eyewear maker EssilorLuxottica to build and release a pair of Ray-Ban branded smart glasses in 2021. 

Tags: plans smart quest glasses

Category:Telecommunications

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