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Commscope confirms Arris takeover for USD 7.4 billion

2018-11-08 13:57:00| Telecompaper Headlines

(Telecompaper) Commscope has confirmed an agreement to acquire Arris for USD 7.4 billion including debt. The deal will more than double Commscope's annual revenues, strengthening its position in the wireless market with the takeover of Ruckus Networks and expanding its addressable market to the home gateway and video delivery markets. The Carlyle Group has agreed to invest USD 1 billion for a 16 percent stake in Commscope to help finance the acquisition. 

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Category:Telecommunications

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German regulator asks EC for say on Vodafone takeover of Unitymedia

2018-11-08 13:04:00| Telecompaper Headlines

(Telecompaper) Germany's competition regulator has made a formal request to the European Commission to take over the investigation into Vodafone's proposed acquisition of cable operator Unitymedia. The Bundeskartellamt said the deal could lead to significant changes on the German cable TV and telecoms markets. 

Tags: of german asks vodafone

Category: Telecommunications

 

 

South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system

2018-11-08 09:13:00| Telecompaper Headlines

(Telecompaper) MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in South Africa's financial system, depending on the outcome, the South African Reserve Bank said, according to Bloomberg. In its Financial Stability Review released in Pretoria, the bank said if MTN eventually repatriates the disputed amount to Nigerian authorities, this could affect its ability to meet its debt obligations, especially in South Africa. 

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Category: Telecommunications

 

 

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