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PSP Investments, GIC And Ontario Teachers' Pension Plan Agree To Invest $700M In XPO Logistics

2014-09-12 03:10:28| Logistics - Topix.net

XPO Logistics, Inc. today announced that it has entered into a definitive agreement with PSP Investments, GIC, Singapore's sovereign wealth fund, and Ontario Teachers' Pension Plan to invest a total of $700 million in XPO to accelerate the company's growth strategy. The company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions.

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PSP Investments, GIC and Ontario Teachers' Pension Plan Agree to Invest $700 Million in XPO Logistics

2014-09-12 03:10:27| Logistics - Topix.net

The company will receive all of the net proceeds, which it intends to use primarily for unspecified acquisitions. There are no selling shareholders.

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Enemies no more, McAfee and Symantec agree to share threat data

2014-09-11 14:05:53| InfoWorld: Top News

The recently launched Cyber Threat Alliance has been given a big boost with the news that Intel's McAfee division and former arch-enemy Symantec are to join the industry group whose mission is to create the first significant cross-vendor movement of threat data. The CTA was announced in May with founder members Fortinet and Palo Alto Networks, an intriguing collaboration between two mid-level security firms that had something to gain from this kind of initiative.

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MTN, IHS agree on mobile tower outsourcing deal in Nigeria

2014-09-04 09:52:00| Telecompaper Headlines

(Telecompaper) MTN Group has reached an agreement in principle with IHS Holding for the transfer of its towers business in Nigeria. The transaction is expected to reduce MTN Nigeria's operating costs, drive network efficiencies and further expand MTN's voice and data capacity. Subject to regulatory approvals, the 9,151 towers will be transferred to a new company which will be owned jointly by MTN and IHS. IHS will have full operational control of the underlying business. The new towers company will market independent infrastructure sharing services to other mobile operators and ISPs in Nigeria. The transaction is expected to close in Q4. This is the ninth tower transaction for IHS and its fifth with MTN following deals in Cote d'Ivoire, Cameroon, Rwanda and Zambia in 2012 and 2013. On completion of this transaction, IHS will manage over 20,000 towers in Africa. As part of the deal, the new towers company has committed more than USD 500 million of additional investment over four years into tower upgrades and a maintenance programme to improve quality of service and enhance the customer experience on the MTN Nigeria network. In addition, further investments will be made into IHS's Network Operations Centre in Nigeria to optimise operations and increase uptimes.

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Leading Building Industry Groups Agree to Streamline Green Building Tool Coordination & ...

2014-08-26 07:00:00| Coatings World Breaking News

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