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Cisco to acquire Tail-f Systems for USD 175 mln
2014-06-17 15:54:00| Telecompaper Headlines
(Telecompaper) Cisco announced an agreement to acquire Tail-f Systems, a developer of network service orchestration products for traditional and virtualized networks. Tail-f's products help service providers and enterprise IT organizations implement applications and network services across networking devices. Headquartered in Stockholm, Tail-f is a privately held company. According to Cisco, its technology helps reduce the time-to-market for network equipment vendors building equipment for software-programmable networks. Upon completion of the acquisition, Tail-f employees will join Cisco's Cloud and Virtualization Group. Cisco will pay approximately USD 175 million in cash and retention-based incentives in exchange for all shares of Tail-f. The acquisition of Tail-f is expected to be complete in the fourth quarter of Cisco's fiscal year 2014.
Tags: systems
usd
acquire
cisco
Batelco wins USD 211 mln from Indian partner
2014-06-16 16:02:00| Telecompaper Headlines
(Telecompaper) A British court has ruled in Batelco's favour, ordering the operator's former Indian partner to pay it USD 211.1 million for failing to fulfill a previous agreement. Batelco had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran, seeking repayment of the USD 174.5 million it paid the company for a 43 percent stake in Indian operator S Tel in 2009, plus USD 10.3 million in damages and a further USD 30,000 a day. The court found that the defendants failed to adhere to a settlement agreement for the commercial venture. Batelco exited the venture after S Tel struggled to compete in the crowded Indian market and had several of its licences revoked as part of a wider scandal in the Indian government.
ZTE aims to ship over 80 mln smartphones globally in 2015
2014-06-10 14:25:00| Telecompaper Headlines
(Telecompaper) Chinese telecommunications equipment manufacturer ZTE expects to ship more than 80 million smartphones globally next year and nearly 60 million this year, Reuters reports, citing ZTE's executive VP Zeng Xuezong. According to the report, the Chinese firm shipped nearly 40 million smartphones in 2013. For 2016, ZTE expects total smartphone shipments to reach about 100 million. The executive aso said that 60 percent of total smartphones to be shipped in 2015 would be handsets compatible with 4G networks.
Tags: ship
aims
smartphones
globally
Dutch FTTH market grows to almost 2 mln homes passed
2014-06-03 09:55:00| Telecompaper Headlines
(Telecompaper) The Dutch FTTH market expanded to 1.94 million homes passed at the end of 2013. Of the total, 656,000 lines were actually used (homes activated), according to Telecompaper's annual FTTH report. As a result, the penetration on FTTH networks was stable compared to the end of 2012, at under 34 percent. Reggefiber was the market leader with 87 percent of homes passed in 2013, while CIF reached a market share of 10 percent at the end of 2013. The province Gelderland, in the east of the country, gained the most new homes passed in the past year, with over 120,000 homes receiving access to FTTH. South Holland, which includes The Hague and Rotterdam, followed with about 62,000, while Limburg and North Brabant in the south of the country tied for third place, each with just over 50,000 new homes passed. The report provides a short overview of what happened in the past year at big and small FTTH players, as well as briefly discusses a number of important issues in the (international) broadband and FTTH markets. Based on its FTTH Monitor, a database of all FTTH projects underway in the Netherlands, Telecompaper now estimates the country will count 3.45 million FTTH lines by 2018.
Tags: market
homes
passed
dutch
UPDATE 1-Andritz puts in claim of 200 mln euros against Stora, Arauco JV
2014-06-02 10:41:51| Paper - Topix.net
Austrian machine builder Andritz has initiated arbitration proceedings against a joint venture in Uruguay, owned by Stora Enso and Arauco, claiming 200 million euros , Stora Enso said on Monday.
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