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Key Masmovil shareholder accepts KKR, Cinven, Providence takeover bid

2020-09-10 09:26:00| Telecompaper Headlines

(Telecompaper) The third largest shareholder of Spanish operator Masmovil, the Indumenta Pueri holding of children's fashion brand Mayoral, has finally decided to accept the takeover bid by three US funds, said Masmovil in a filing at securities markets regulator CNMV. Mayoral's commercial director Rafael Dominguez had previously rejected the EUR 3 billion offer from KKR, Providence and Cinven as undervaluing the company but has now pledged to tender all of Indumenta Pueri's shares, said the filing. It currently has an 8.25 percent stake in the operator, with the holders of another 30 percent of the company previously committing to accept the EUR 22.50 a share offer.

Tags: key bid accepts providence


Irish privacy regulator tells Facebook to stop EU-US data transfers

2020-09-10 09:18:00| Telecompaper Headlines

(Telecompaper) Ireland's Data Protection Commission has told Facebook to suspend transfers of data on EU customers to the US, people familiar with the matter told the Wall Street Journal. The preliminary order was sent late last month, asking for the company's response after an EU court ruled the Privacy Shield protecting EU-US data transfers was no longer valid. 

Tags: privacy data stop tells


Motorola updates Razr foldable phone with 5G, improved design

2020-09-10 09:03:00| Telecompaper Headlines

(Telecompaper) Motorola has introduced an updated version of its Razr foldable phone, first launched last November. Designed like a flip phone, the device includes an outer display for viewing messages and common apps and when flipped open a foldable 6.2-inch Oled display for standard use. The new model adds 5G, an improved hinge design and updated camera and display features. It will launch first in China and Europe and then this autumn with AT&T and T-Mobile US for USD 1,400. The Razr is planned to launch later in selected markets in Latin America, the Middle East and Asia.  

Tags: design phone updates improved


Google releases Android 11 with new messaging, smart device, security features

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

(Telecompaper) Google has released the final version of Android 11. The new operating system rolls out first to the company's own Pixel smartphones, and phones from OnePlus, Oppo, Realme and Xiaomi will be the next to receive the update. The first new models to launch with Android 11 are expected to appear on the market before the end of the year. 

Tags: features google security releases


Apple announces media event for 15 September

2020-09-09 08:43:00| Telecompaper Headlines

(Telecompaper) Apple has sent out a media invite for a virtual product launch planned for 15 September. No further details were provided, but the company is expected to present a range of new products, including an iPad, Apple Watch and HomePod speaker. The new series of iPhones has been delayed to October.

Tags: media september event apple


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