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RPX buys Rockstar patents for USD 900 mln

2014-12-24 09:11:00| Telecompaper Headlines

(Telecompaper) RPX said it has agreed to acquire the patents controlled by patent consortium Rockstar, for an undisclosed price. The Wall Street Journal said the purchase of the 4,000 patents will cost USD 900 million. Rockstar was formed in 2011 by Apple, Blackberry, Ericsson, Microsoft and Sony for the purpose of buying the 6,000 patents from the Nortel bankruptcy estate. Around 2,000 of the patents have already been distributed to various Rockstar owners. Upon closing, subject to regulatory approval and other customary conditions, RPX will receive license payments from a syndicate of over 30 companies, including Cisco and Google. Syndicate participants will receive non-exclusive licenses to the Rockstar patents, and RPX Clearinghouse will make the patents available for license to all other interested companies under fair, reasonable, and non-discriminatory (FRAND) terms. The RPX Clearinghouse syndicate includes a broad range of software and media providers, semi-conductor manufacturers, wireless carriers and wireline network operators, and original equipment manufacturers. Cisco said it developed a licensing model with RPX giving license access to those who chose not to join the RPX Clearinghouse syndicate. Google also helped develop the model while Microsoft and Apple worked with other Rockstar members Blackberry, Ericsson and Sony to reach consensus.

Tags: usd patents buys mln

 

Telstra to acquire Pacnet for USD 679 mln

2014-12-23 05:02:00| Telecompaper Headlines

(Telecompaper) Australian operator Telstra has announced it would acquire Asian telecommunications and services provider Asian communications provider Pacnet for USD 679 million. The Pacnet acquisition includes interests in its China joint venture, PBS, which is licensed to operate a domestic internet protocol virtual private network and provide data centre services in China. The acquisition is subject to completion adjustments. The transaction is subject to regulatory and Pacnet financier approvals and is expected to complete by mid-2015.

Tags: usd acquire mln telstra

 
 

Nippon Life, other Japan life insurers join $375 mln Bunge loan

2014-12-19 17:38:14| Agriculture - Topix.net

Japan's three largest life insurers, including Nippon Life Insurance Co, have joined more than a dozen Japanese lenders in a $375 million syndicated loan to U.S. trade house Bunge Ltd, the lenders said on Friday. The deal highlights a growing appetite for overseas lending deals among Japanese insurers as they face ultra-low yields at home.

Tags: life join japan loan

 

Blackberry narrows loss as Q3 revenues fall to USD 793 mln

2014-12-19 15:53:00| Telecompaper Headlines

(Telecompaper) BlackBerry said revenues for its third quarter to 29 November fell to USD 793 million from 1.2 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent. Hardware revenue was recognised on 2 million BlackBerry smartphones. The company sold a total of 1.9 million smartphones to end customers. The net loss narrowed to USD 148 million or USD 0.28 per share, from a loss the year before of 332 million or 0.63 per share. The non-GAAP net result went to a profit of USD 6 million or USD 0.01 per share, from a loss the year earlier of 0.02 per share. At the end of fiscal Q3, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.1 billion, up by USD 43 million from the previous quarter. The EZ Pass Program resulted in a total of 6.8 million licenses issued for BES10, a 100 percent increase from fiscal Q2, with over 30 percent of total licenses traded in from competitor Mobile Device Management platforms. Going forward, Blackberry expects to maintain its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The company continues to anticipate break-even or better cash flow from operations. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.

Tags: fall loss usd revenues

 

Wearable shipments to reach 168.2 mln in 2019 - study

2014-12-18 15:01:00| Telecompaper Headlines

(Telecompaper) Connected wearable shipments will reach 168.2 million units in 2019 from 19 million this year and 5.9 million in 2013, according to a report from Berg Insight. The shipment of wearables, including smartwatches, smart glasses, fitness & activity trackers, people monitoring & safety devices and medical devices as well as other wearable devices, will record a compound annual growth rate of 54.7 percent. Bluetooth will remain the primary connectivity option in the coming years, but a total of 16.6 million of the wearables shipments in 2019 will likely incorporate embedded cellular connectivity, mainly in the smartwatch and people monitoring & safety categories. The shipment of fitness & activity trackers reached 13.0 million units this year. The category is expected to rise to 42.0 million in 2019, boosted by decreasing prices and new form factors. Smartwatches, currently the second most popular category, will overtake fitness & activity trackers within the next five years, driven by improved devices available in different price segments. The shipments of smart glasses is still very modest, but will likely rise, pushed by specific markets such as enterprise and medical as well as in niche segments of the consumer market.

Tags: study reach shipments mln

 

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