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Lumentum to acquire Oclaro for USD 1.8 billion

2018-03-13 18:37:00| Telecompaper Headlines

(Telecompaper) Lumentum has agreed to buy Oclaro for USD 1.8 billion in order to expand in the fibre-optic components market. The offer of USD 9.99 per share is a 40 percent premium to Oclaro's average share price in the past month. 

Tags: usd billion acquire oclaro



Fitbit targets smartwatch mass market with new Versa device

2018-03-13 18:23:00| Telecompaper Headlines

(Telecompaper) Fitbit has launched a new mass-market smartwatch called the Fitbit Versa, as well as a smartband activity tracker aimed at kids. 

Tags: market device mass targets

Category: Telecommunications



Finland buys 3.3% stake in Nokia

2018-03-13 15:08:00| Telecompaper Headlines

(Telecompaper) The Finnish state investment fund Solidium has acquired a 3.3 percent stake in Nokia for approximately EUR 844 million. The fund said it used proceeds from selling its stake in Telia earlier this year in order to invest in Nokia, which is based on Finland. 

Tags: nokia finland buys stake

Category: Telecommunications



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