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Inside Secure agrees takeover of Verimatrix for USD 143 mln
2018-12-05 18:04:00| Telecompaper Headlines
(Telecompaper) Inside Secure announced an agreement to acquire Verimatrix, more than doubling its size and expanding its security portfolio beyond wireless and connected devices to the entertainment market. The company will pay a net USD 143 million cash, plus an earn-out of USD 9 million in Q2 2019. Inside Secure will use its own cash plus private debt of USD 54 million provided by Apera Capital and an equity issue worth EUR 52 million to finance the deal.
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Altice France agrees EUR 3.6 bln equity partnership to roll out FTTH network
2018-11-30 10:25:00| Telecompaper Headlines
(Telecompaper) Altice France has entered into an exclusivity agreement with a group of investors to sell a 49.99 percent stake in SFR FTTH, a new fibre venture that will bring fibre connectivity to 5 million French premises. Allianz Capital Partners (ACP), AXA Investment Managers and Canadian investment firm Omers Infrastructure will acquire the stake for a total cash consideration of EUR 1.8 billion, based on a EUR 3.6 billion equity value. SFR FTTH will sell access to its network as a wholesaler, pledging to offer the same terms to all operators, including Altice France's SFR business, with no minimum volume commitments.
Zain KSA agrees to sale, lease back of tower network to IHS for USD 648 mln
2018-11-28 15:41:00| Telecompaper Headlines
(Telecompaper) Zain Group announced that the board of Zain Saudi Arabia (Zain KSA) has approved an offer to sell and lease back its mobile tower portfolio to IHS Holding for SAR 2.43 billion (USD 648 million). Under the terms of the agreement, Zain KSA is selling only its passive, physical infrastructure to IHS and will retain its intelligent software, technology and intellectual property with respect to managing its network. The agreement also involves a lease-back period of fifteen years, with a five-year renewal option, and building of an additional 1,500 towers over the next six years.
WTO agrees to establish dispute panels to probe tariffs
2018-11-23 11:33:00| Daily apparel & textile news and comment - from just-style.com
The World Trade Organisation (WTO) has agreed to establish dispute settlement panels (DSP) to hear complaints from a number of countries over new US steel and aluminium tariffs, as well as those from Washington over retaliatory duties.
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Disney agrees to sell factual channels to win EU approval for Fox takeover
2018-11-07 10:51:00| Telecompaper Headlines
(Telecompaper) The European Commission has approved Disney's planned takeover of 21st Century Fox with the condition that the companies divest several factual channels. These are the channels History, H2, Crime & Investigation, Blaze and Lifetime, which are controlled by A+E Television Networks, a joint venture between Disney and Hearst. The Commission said the concession would resolve its concerns about reduced competition on the market for wholesale supply of TV channels following the merger.
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