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Tag: mln
Dutch FTTH market reaches 2.3 mln connections in 2014
2015-06-02 10:01:00| Telecompaper Headlines
(Telecompaper) The Dutch FTTH market increased by 370,000 connections in 2014, with Reggefiber accounting for 77 percent. At the end of December, the number of FTTH homes passed reached 2,329,000, accounting for over 30 percent of all Dutch households, according to the 2015 edition of Telecompaper's annual FTTH report. A number of milestones were reached in the course of last year, namely that the number of homes passed reached the 2 million and that the number of homes activated amounted to 750,000. In the second half of the year, FTTH household penetration increased. In particular, KPN and Vodafone Netherlands on the Reggefiber networks and Caiway on the CIF networks saw their subscriber numbers grow faster than in previous years. At the end of the year, more than 1 in 10 households in the Netherlands subscribed via fibre. Most provinces have initiated rural broadband plans to bridge the digital divide. Many have put aside dozens of millions of euros for subsidies or loans, with inhabitants required to make a financial contribution in most cases. For example, Gelderland has the most connections with 460,000, Noord-Brabant grew fastest in term of numbers (+70,000), and Overijssel grew fastest in terms of percentages (+ 13%).
Tags: market
connections
dutch
reaches
Snapchat raises USD 538 mln from new investors
2015-06-01 08:56:00| Telecompaper Headlines
(Telecompaper) Messaging app Snapchat is raising another USD 650 million in equity financing. According to a SEC filing, the company already raised USD 538 million of the round in recent months and targets a total USD 650 million. New investors in the latest round include Alibaba and the hedge funds Glade Brook Capital Partners and York Capital Management. The financing values Snapchat at USD 16 billion, a person familiar with the matter told the Wall Street Journal. This is 60 percent more than its previous funding round in December.
Tags: usd
investors
raises
mln
EU, Japan to invest EUR 12 mln in joint 5G projects
2015-05-29 16:23:00| Telecompaper Headlines
(Telecompaper) The EU and Japan have agreed to work together for the development of 5G mobile technology and to invest EUR 12 million during the next two years in 5G related projects. The projects will help develop the Internet of Things, cloud or big data platforms. 5G equipment and networks are likely to become available to the public in 2020. Japan aims to deploy 5G networks in time for the 2020 Tokyo Olympic Games. The deal was made during the EU-Japan summit in Tokyo by Japanese Minister for Internal Affairs and Communications Sanae Takaichi and European Commissioner for Digital Economy and Society Gunther Oettinger. The EU earlier signed a 5G cooperation agreement with South Korea and is working towards closer cooperation with other countries, including China.
Tags: japan
eur
projects
joint
Fortinet to acquire Meru Networks for USD 44 mln
2015-05-27 18:25:00| Telecompaper Headlines
(Telecompaper) Fortinet announced an agreement to acquire Meru Networks for USD 44 million, expanding its position in the secure wireless networking market. The company said its FortiAP wireless access points and FortiWiFi security appliances are already its fasting-growing products. The addition of Meru's Wi-Fi products extends its portfolio for environments requiring high-capacity load and a high-density of wireless users, such as enterprise, education, healthcare and hospitality. Meru's product range includes access points, controllers, SDN-enabled Wi-Fi system software, and cloud and virtual wireless controllers and appliances. In addition, Meru brings more than 33 awarded patents and 35 pending patents and over 14,000 customers worldwide. Under the terms of the agreement, Fortinet will pay USD 1.63 per Meru share in cash, an equity value of USD 44 million. Based in California, Meru had over USD 90 million in revenues last year. The takeover is expected to close in Q3. Fortinet also announced new FortiGuard mobile security subscription service to protect mobile devices and applications across the enterprise. Deployable on its FortiGate integrated security appliances, this new service is designed for BYOD scenarios.
Tags: networks
usd
acquire
mln
Update 1-Chinese biotech 3SBIO launches up to $712 mln HK Ipo - term sheet
2015-05-27 08:21:58| Biotech - Topix.net
Biotech company 3SBIO, which delisted from the Nasdaq two years ago, on Wednesday launched an up to $712 million IPO in Hong Kong to fund acquisitions and recruit staff to help it grab a bigger piece of the booming Chinese drug market. The company, which produces drugs to treat bleeding disorders, hopes to benefit from greater liquidity by listing in Hong Kong alongside other firms which are targeting the Chinese biopharmaceutical market's double-digit growth.
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