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Comcast to pay USD 150 mln to match Google's 7.85% in Arris
2013-01-15 08:38:00| Telecompaper Headlines
(Telecompaper) US cable operator Comcast has agreed to buy an around 7.85 percent stake in STB maker Arris for USD 150 million. Comcast is purchasing 10.6 million shares. The transaction is conditional upon the completion of Arris's USD 2.35 billion acquisition of Motorola Home from Google subsidiary Motorola Mobility, which will give Google also about 7.85 percent of Arris. The transaction is subject to customary regulatory approval.
Samsung passes 100 mln Galaxy S phones sold
2013-01-14 11:09:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics announced that global channel sales of the company's flagship smartphone, the Galaxy S III, and its two predecessors the Galaxy S and Galaxy S II, have surpassed 100 million unit sales as of 13 January. The Galaxy S, first launched in June 2010, has reached over 24 million units shipped, the Galaxy S II released in April 2011 has sold over 40 million units, and the Galaxy S III, launched in May 2012, also has shipped over 40 million units.
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KPN fined EUR 8.5 mln after losing court appeal
2013-01-09 15:39:00| Telecompaper Headlines
(Telecompaper) Dutch regulator Opta has issued fines totaling around EUR 8.5 million against KPN. The fines were first levied in February 2010, but became unconditional on 09 January following a ruling by the corporate appeals court (CBb). The court did lower the value of the fines, from an original amount of around EUR 10 million, after canceling some of the levies for repeat offences. KPN's appeal was otherwise rejected, and the court affirmed Opta's decision that KPN gave illegal discounts to six large corporate customers in the period 2004-06. KPN also demanded the right to be invited first to pitch for new tenders and to undercut offers from rival providers. Opta also found recidivism for some of the offences.
New car sales to hit 15,3 mln units in U.S. in 2013
2013-01-02 15:28:53| Auto Dealers - Topix.net
New car sales in United States are expected to hit 15.3 million units, an increase of 6.6 percent compared to 2012, when about 14.5 million new vehicles were sold, R.L. Polk & Co reports.
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