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Cisco to buy OpenDNS for USD 635 mln

2015-06-30 17:49:00| Telecompaper Headlines

(Telecompaper) Cisco announced an agreement to acquire OpenDNS for USD 635 million in order to expand in the security market. Based in San Francisco, OpenDNS provides advanced threat protection for any type of device over a cloud-based platform. Under a SaaS model, OpenDNS' products can be integrated in the customer's defense architecture or incident response strategies. Cisco said OpenDNS' broad visibility and predictive threat intelligence helps IT administrators protect against security threats from unmonitored and potentially unsecure entry points into the network. The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. The purchase price includes equity awards and retention-based incentives for OpenDNS staff. The acquisition is expected to close in the first quarter of Cisco's fiscal year 2016. 

Tags: buy usd cisco mln

 

Turkcell buys rest of Ukraine's Life:) for USD 100 mln

2015-06-29 11:46:00| Telecompaper Headlines

(Telecompaper) Turkcell announced an agreement to buy the rest of Ukraine mobile operator Life:) for USD 100 million from its local partner SCM Holdings. Turkcell will buy the remaining 44.96 percent in the Netherlands-based holding company Euroasia owned by SCM. Euroasia owns 100 percent of Astelit, which operates under the Life:) brand in Ukraine. In addition to buying the rest of Astelit, Turkcell is settling Astelit's debts with SCM and providing a guarantee for up to USD 66 million in bank credit for Astelit. The acquisition of Astelit marks Turkcell's first major expansion abroad and the company said it will use Ukraine as a pilot operation for possible further expansion in the region. Life:) is the third-largest mobile operator in Ukraine, with around 10.3 million active customers at the end of March. Following its launch of 3G services earlier this month, it already has 2.3 million customers on the UMTS network. 

Tags: life rest usd buys

 
 

Carlyle invests $120 mln in Shanghai ANE Logistics

2015-06-29 04:14:54| Logistics - Topix.net

Global alternative asset manager The Carlyle Group has agreed to invest approximately US$120 million into Shanghai ANE Logistics Limited . Subject to customary closing conditions, the transaction is expected to close in the third quarter of 2015.

Tags: logistics shanghai mln invests

 

UPDATE 1-United Airlines to pay $100 mln for Azul stake, for foothold in Brazil

2015-06-27 00:27:28| Airlines - Topix.net

United Airlines has agreed to pay $100 million for a 5 percent stake in Azul SA, Brazil's third-biggest airline, as it attempts to catch up with U.S. rivals with more established ties in South America's biggest air travel market. Azul's founder and chief executive, David Neeleman, who also founded JetBlue Airways Corp, announced the deal on Friday.

Tags: in pay update brazil

 

Telecom Italia raises EUR 780 mln from Inwit IPO

2015-06-18 09:04:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has announced that the IPO of a 40 percent stake in its tower unit INWIT has successfully closed and will debut on the Milan stock exchange on 22 June. The company priced the shares at EUR 3.65, bringing the total proceeds to EUR 875.3 million if the greenshoe option is fully exercised. After commissions and fees, the net proceeds to the company will be EUR 779.8 million, or EUR 857.8 million if the greenshoe is exercised. 

Tags: eur italia telecom ipo

 

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