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Novatel sells mobile ops, MiFi spots to TCL for USD 50 mln

2016-09-23 09:29:00| Telecompaper Headlines

(Telecompaper) Novatel Wireless has agreed to sell its mobile broadband operations, including its MiFi branded hotspots and USB modem lines, to Hong Kong's TCL for USD 50 million in cash. The deal is subject to the usual regulatory approvals, as well as the approval of Novatel stockholders and convertible noteholders. The deal is expected to close in the first quarter of next year. Novatel will now put its attention on creating a new public holding company and a new operating structure. The company is currently considering several names and logos to be adopted by the new company going forward.

Tags: mobile usd spots sells

 

Samsung sells stakes in four companies

2016-09-19 10:29:10| BBC News | Business | UK Edition

Embattled tech giant Samsung says it has sold shares it held in four companies in order raise money to focus on its "core business".

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Statoil sells non-operated interests in West Virginia to Antero Resources

2016-09-19 01:00:00| Hydrocarbons Technology

Statoil has completed the previously announced sale of its non-operated interests in West Virginia, US, to Antero Resources in a transaction valued at $96m.

Tags: resources west interests virginia

 

Apple sells out iPhone 7 Plus in pre-orders

2016-09-15 09:14:00| Telecompaper Headlines

(Telecompaper) Apple announced that only limited quantities of the iPhone 7 will be available in stores on the launch date of 16 September. The company said the iPhone 7 Plus sold out in all sizes and colours during the pre-order sale and will not be available. The iPhone 7 in jet black also sold out and will not be available for walk-in customers. The company will continue to take orders for all models on its website, although customers will face a wait before the phones are delivered.

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Invista sells engineering polymer solutions business to Radici Group

2016-09-15 05:16:13| Canadian Plastics Headlines

Italian material supplier Radici Group is buying the engineering polymer solutions business of U.S.-based Invista. In a statement, Radici Group said the purchase will strengthen its presence in both Europe and the U.S., and it is expected to be completed… The post Invista sells engineering polymer solutions business to Radici Group appeared first on Canadian Plastics.

Tags: business group solutions engineering

 

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