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Arris, Charter to buy ActiveVideo for USD 135 mln
2015-04-14 13:19:00| Telecompaper Headlines
(Telecompaper) US cable operator Charter Communications formed a joint venture with equipment supplier Arris in order to buy the company ActiveVideo for USD 135 million. ActiveVideo's CloudTV platform helps TV service providers virtualise their customer premises equipment and deliver services such as user interface, online content and interactive ads from the cloud. Charter uses the platform to deliver its Spectrum Guide to customers, which is being rolled out on the Worldbox and other legacy set-top boxes in the Charter footprint. Arris will own 65 percent of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform. The company will market ActiveVideo to its existing portfolio of CPE customers, alongside its own cloud products. ActiveVideo's customer base already includes Cablevision, Liberty Global, Deutsche Telekom, Time Warner Cable, J:Com, Philips and Roku. Pending regulatory approval, the takeover is expected to close in Q2. Jeff Miller will continue to lead ActiveVideo as CEO.
M2 to acquire New Zealand ISP Call Plus for NZD 250 mln
2015-04-13 06:16:00| Telecompaper Headlines
(Telecompaper) Australian telecommunications services group M2 has agreed to acquire New Zealand ISP Call Plus and a related entity 2Talk (collectively called Call Plus) for NZD 250 million. M2 expects the acquisition to contribute in excess of NZD 250 million revenue and NZD 45 million EBITDA in FY16, implying an EBITDA valuation multiple of approximately 5.6 times. Via the Call Plus acquisition, M2 expects to expand its existing New Zealand business to become the third largest ISP on the local market.
Tags: call
zealand
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isp
Majestic Wine to acquire Naked Wines for 70 mln
2015-04-10 10:03:22| Beverages - Topix.net
Majestic Wine PLC said Friday that it will acquire online wine retailer Naked Wines in a cash and stock deal worth up to 70 million pounds , and added that Naked Wines founder, Rowan Gormley, will become the chief executive officer of the combined company. The U.K. wine retailer also said that it expects adjusted pretax profit for the year ended March 31 to total around GBP21 million.
Tags: wine
acquire
naked
wines
Global PC sales down 6.7% to 68.5 mln in Q1 IDC
2015-04-10 09:09:00| Telecompaper Headlines
(Telecompaper) Worldwide PC shipments fell by 6.7 percent year-on-year to around 68.5 million units in the first quarter, according to the latest data from IDC. Although the drop in sales is slightly ahead of IDC's earlier predictions for the quarter, it still represents the lowest recorded volume since the first quarter of 2009. The results contrasts with a strong second half of 2014 and can be attributed to inventory build-up of Windows Bing based notebooks, commercial slowdown following the XP refresh and constrained demand in many regions due to currency fluctuations and unfavorable economic indicators, said IDC.
AT&T to pay USD 25 mln to settle data breach case
2015-04-09 09:02:00| Telecompaper Headlines
(Telecompaper) AT&T Services has agreed to pay USD 25 million to settle an investigation into consumer privacy violations at its call centres in Mexico, Colombia, and the Philippines. The data breaches, dating from 2013 and 2014, involved the unauthorised disclosure of almost 280,000 US customer names, full or partial Social Security numbers, and to protected account-related data known as customer proprietary network information (CPNI).
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