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Tag: mln

Usernames, phone numbers of 4.6 mln Snapchat accounts leaked

2014-01-02 20:33:00| Telecompaper Headlines

(Telecompaper) The usernames and phone numbers for 4.6 million Snapchat accounts were temporarily posted online by hackers that exploited a vulnerability within the chat service, reported PCmag.com. SnapchaDB.com went live on 31 December 2013 and allowed consumers to download Snapchat's database of user information, although the last two digits of phone numbers were censored. The site has since been taken down due to the host becoming "intimidated by the overwhelming attention," SnapchatDB told The Verge, however a cached version is still available.

Tags: phone numbers accounts mln

Archer Daniels Midland to pay $54 mln to resolve bribery charges

2013-12-20 23:54:52| Food - Topix.net

Archer Daniels Midland agreed to pay $54 million to resolve criminal and civil charges that it paid bribes to Ukrainian officials for tax benefits, U.S. authorities said on Friday.

Tags: pay charges resolve daniels

Alcatel-Lucent to sell LGS Innovations for USD 200 mln

2013-12-20 10:31:00| Telecompaper Headlines

(Telecompaper) Alcatel-Lucent announced a definitive agreement to sell its subsidiary LGS Innovations to a US-based company owned by a Madison Dearborn Partners-led investor group that includes CoVant. The divestment forms part of the commitments outlined by Alcatel-Lucent in its Shift Plan, to narrow its focus and reduce costs. The cash transaction agreed between Alcatel-Lucent and the Madison Dearborn/CoVant group will comprise a total amount of up to USD 200 million, of which 50 percent will be paid at closing and up to 50 percent in a subsequent variable component based on the subsidiary's performance in 2014. Closing of the transaction is subject to certain conditions, including US Government approvals, and is targeted to occur in the first quarter of 2014. LGS Innovations provides secure networking, satellite communications, VoIP, optical routers and other solutions for the US national security, defense, and advanced research communities. Madison Dearborn is a private equity firm, while CoVant is a holding company focused on acquiring and growing companies in the federal technology marketplace.

Tags: sell usd innovations mln

EU to provide EUR 700 mln for 5G research

2013-12-17 15:22:00| Telecompaper Headlines

(Telecompaper) The European Commission has agreed to support an industry initiative to develop fifth-generation mobile technology. The public-private partnership with the 5G PPP Association is one of eight strategic research projects co-funded by the EU. Working with a range of industry players, universities, scientific institutes and public bodies, the 5G PPP will further develop 5G technology to prepare for the future standardization of the system and components that are expected to be deployed in the next decade. Werner Mohr, head of research alliances at Nokia Solutions and Networks and chair of the 5G PPP Association, said LTE is expected to meet market demand until the end of this decade, after which the new generation of technology will be needed. The 5G project will receive EUR 700 million from the EU over the next seven years. The funding will be allocated through tenders under the EU's Horizon R&D subsidy programme. Industry participants are expected to provide around 50 percent of the financing in Horizon tenders, while their overall investment in the project is expected to reach 3-10 times the public funding.

Tags: provide research eur mln

Ooyala gains USD 43 mln investment from Telstra

2013-12-11 22:09:00| Telecompaper Headlines

(Telecompaper) Video streaming and analytics provider Ooyala has received a USD 43 million investment from Telstra, Australia's largest telecommunications company. Ooyala will use the funds to accelerate engineering efforts focused on innovating its video streaming and analytics platform and to support accelerating growth both domestically and internationally.

Tags: investment usd gains mln

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