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Tag: mln
Telstra invests USD 270 mln, increases Ooyala stake to 98%
2014-08-12 08:16:00| Telecompaper Headlines
(Telecompaper) Telstra has agreed to acquire US-based video streaming and analytics provider Ooyala. Telstra will invest around USD 270 million to increase its ownership in Ooyala from 23 percent (fully diluted) to 98 percent. This amount adds to the USD 61 million previously invested in Ooyala over the past two years. The transaction is subject to customary closing conditions, including the receipt of US regulatory approvals, and is expected to be completed in the next 60 days.
PLDT acquires 10% stake in Rocket Internet for EUR 333 mln
2014-08-07 13:56:00| Telecompaper Headlines
(Telecompaper) Philippine Long Distance Telephone Company (PLDT) and Rocket Internet have signed a global partnership agreement to jointly develop online and mobile payment services in emerging markets. Under the terms of the agreement, PLDT will invest EUR 333 million for a 10 percent stake in Rocket.
Tags: internet
eur
rocket
stake
KKR-backed Rundong Auto to launch up to $138 mln HK Ipo
2014-08-06 10:04:28| Auto Dealers - Topix.net
Luxury automobile dealer China Rundong Auto Group Ltd, backed by private equity firm KKR & Co LP, and one of its shareholders raised $124 million in a Hong Kong initial public offering, according to a term sheet seen by Reuters on Wednesday.
Viber grows to 608 mln registered users
2014-08-04 17:28:00| Telecompaper Headlines
(Telecompaper) The IP messaging service Viber reached 608 million registered users at the end of July, up from 408 million at the start of 2014. Unique users, based on phone numbers, totaled 400 million, versus 280 million at end-2013. The figures were reported by Japanese e-commerce group Rakuten, which acquired Viber earlier this year. The company said it's working on integrating Viber user IDs with its own customer ID system. The integration of the messaging platform is expected to help drive traffic to Rakuten sites and use of its applications and services. Rakuten also reported an increase in the number of users on the Kono e-books and content platform, to 20.9 million at the end of June, up 38.9 percent from a year earlier. Overall, Rakuten's revenues were up 8.3 percent in Q2 to JPY 138.3 billion, while operating profit fell 9.9 percent to JPY 22.2 billion, hurt by lower results at its stock market business and investments in new online services.
Tags: users
registered
grows
mln
T-Mobile passes 50 mln customers with 1.5 mln added in Q2
2014-07-31 13:38:00| Telecompaper Headlines
(Telecompaper) T-Mobile US again raised its target for customer growth this year, after adding 1.5 million new subscribers in Q2. The mobile operator now expects retail postpaid net additions of 3.0-3.5 million this year, up from a forecast in May of 2.8-3.3 million. The company reached a total 50.545 million customers at the end of June, after adding 908,000 postpaid and 102,000 prepaid retail customers in Q2. Postpaid retail growth included 579,000 phone customers and 329,000 mobile broadband users, mostly tablets. The portion of postpaid customers on Simple Choice plans rose to 80 percent at the end of the second quarter from 75 percent three months earlier and is expected to hit 85-90 percent by year-end. Despite pressure on ARPU from the Simple Choice plans, T-Mobile grew quarterly service revenues 7.1 percent year-on-year pro forma or its takeover of MetroPCS, to USD 5.48 billon. Adjusted EBITDA was up 14.7 percent on the same basis to USD 1.45 billion, and T-Mobile maintained its outlook for annual EBITDA of USD 5.6-5.8 billion. The operator also ended four consecutive quarters of net losses with a net profit of USD 391 million in Q2. Capex was down slightly to USD 940 million in Q2, and the target for the full year remains USD 4.3-4.6 billion.
Tags: in
added
customers
passes
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