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Yandex, Sberbank agree to set up Yandex.Market e-commerce joint venture

2017-12-14 15:46:00| Telecompaper Headlines

(Telecompaper) Russian internet search engine Yandex has concluded an agreement with Sberbank on the launch of a joint venture based on the Yandex.Market platform. Under it Sberbank will subscribe for new shares in Yandex.Market for RUB 30 billion, valuing it at RUB 60 billion on a post-money basis, before taking into account any potential future synergies. The two partners will own equal stakes in the company, with 10 percent of the shares to be issued to an equity incentive foundation and allocated for future grants of equity awards to management and employees of Yandex.Market.

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TLMI committees to set 2018 agendas at January summit

2017-12-13 15:10:00| Label and Narrow Web Breaking News

The association's Committee Summit will take place January 22-23 at the Hyatt Regency DFW Hotel in Dallas, TX.

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Deutsche Telekom, EWE set up FTTH jv to deliver broadband to 1 mln homes

2017-12-13 14:33:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom and German regional utilities provider EWE have signed a declaration of intent to establish a joint venture to expand the fibre-optic network in northwestern Germany and deliver broadband internet to over 1 million households via FTTB/FTTH. The two companies will each own hold a 50 percent stake in the planned joint venture, which will invest up to EUR 2 billion in network expansion over a ten-year time frame in the states of Lower Saxony, North-Rhine Westphalia and Bremen. The joint venture will prioritize rural areas in these states when its planned operations begin in mid-2018. 

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Disney set to seal $60bn 21st Century Fox takeover

2017-12-13 02:14:16| BBC News | Business | UK Edition

A sale of Rupert Murdoch's entertainment assets could be confirmed as soon as Thursday, reports say.

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Singtel and Ericsson set Asia Pacific record in 1.1 Gbps LAA tests

2017-12-11 01:00:00| Total Telecom industry news

Singtel and Ericsson have achieved speeds of 1.1 Gbps in their latest round of testing of a new configuration of Licensed Assisted Access (LAA) technology, a new record for the Asia Pacific region. The tests combined several key LTE technologies including 256 QAM…read more on TotalTele.com »

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