Home #Sandvine accepts CAD 562 mln bid from #Francisco, #Procera

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#Sandvine accepts CAD 562 mln bid from #Francisco, #Procera

2017-07-17 18:06:00| Telecompaper Headlines

(Telecompaper) Sandvine said it has terminated its agreement with Scalar, which made an offer for the company at CAD 4.15, and cut a new deal with Procera and PNI Acquireco, which will together pay CAD 4.40 per share. The price values Sandvine at CAD 562 million and represents a 40 percent premium to Sandvine's closing price on 26 May, before bidding started for the company. Sandvine will be combined with Procera, and led by Procera CEO Lyndon Cantor, together with Procera CFO Richard Deggs. The new company will retain the Sandvine name; it will serve over 400 communications service provider customers, with over 1 billion subscribers in more than 100 countries, as well as over 500 enterprise customers and more than 100 OEM and channel partners.

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TIM to convert San Marino into 'first 5G state in Europe'

2017-07-17 16:14:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced the details of an agreement with the Republic of San Marino to convert the micro-state into the first nation in Europe have a 5G mobile network, confirming earlier reports. Under the terms of the MoU, the operator will start to update the mobile sites of its San Marino network with 4.5G technology this year, introducing 5G features such as evolved mast towers (MIMO 4x4), carrier aggregation, superior modulation and cloud architecture, as well as installing dozens of small cells in the main streets and piazzas of the Unesco world heritage site. TIM will then begin testing 5G technologies and services ahead of a commercial launch of the network throughout the micro-state by the end of 2018.

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Category: Telecommunications



MNOs call on EU to rethink spectrum aspect of telecom reform

2017-07-17 08:49:00| Telecompaper Headlines

(Telecompaper) The CEOs of nine of the major mobile operators in Europe have expressed deep concern about the EU's plans to implement the spectrum policy part of the proposed European Electronic Communications Code. In an open letter co-signed by the chief executives of KPN, Telenor, Telecom Italia, Vodafone, Orange, Telefonica, Deutsche Telekom, Telia, Telekom Austria as well as industry group the GSMA, the operators emphasised the need for clear provisions addressing the predictability of future rights, above all minimum licence duration of 25 years coupled with a strong presumption of renewal.

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Category: Telecommunications



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