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Tele2 exits Austria in sale to 3 Group for EUR 95 mln
2017-07-28 12:38:00| Telecompaper Headlines
(Telecompaper) Tele2 has agreed to sell its Austrian business Tele2 Austria to Hutchison Drei Austria for an enterprise value of EUR 95 million. The transaction sees Tele2 narrow its focus further to growth markets, while the deal means 3 Group will expand into the fixed market in Austria.
Smartphone sales leap 9% to 347 mln in strongest Q2 - GfK
2017-07-24 10:35:00| Telecompaper Headlines
(Telecompaper) Worldwide demand for smartphones reached 346.9 million in the second quarter from 333.7 million the year before (+9%), making it the strongest second quarter on record, according to the latest data from GfK. Sales were strongest in Emerging Asia, up 13 percent year-on-year, followed by Central and Eastern Europe with 11 percent, and Latin America with 10 percent. Sales returned to growth in the US, lifted slightly in Africa and were flat in China. They fell in Europe and in Developed Asia.
Tags: sales
smartphone
strongest
leap
Digi acquires Invitel for EUR 140 mln
2017-07-24 07:22:00| Telecompaper Headlines
(Telecompaper) Romanian operator Digit, which listed on the capital market in Bucharest in May, has bought Hungarian operator Invitel Tavkozlesi for EUR 140 million. The takeover expands Digi's subscriber base by nearly 0.7 million. The shares were bought from China Central and Eastern Europe Investment.
Netflix adds 5.2 mln customers in Q2, sales up 32%
2017-07-18 08:27:00| Telecompaper Headlines
(Telecompaper) Netflix added 5.20 million new subscribers in the second quarter for a total 104 million at the end of June, well ahead of is outlook for growth of 2.95 million. It expects another strong quarter in Q3, with a forecast for the addition of 6.40 million new customers. The strong results led to a 10 percent jump in its share price to a new record in post-close trade.
#Sandvine accepts CAD 562 mln bid from #Francisco, #Procera
2017-07-17 18:06:00| Telecompaper Headlines
(Telecompaper) Sandvine said it has terminated its agreement with Scalar, which made an offer for the company at CAD 4.15, and cut a new deal with Procera and PNI Acquireco, which will together pay CAD 4.40 per share. The price values Sandvine at CAD 562 million and represents a 40 percent premium to Sandvine's closing price on 26 May, before bidding started for the company. Sandvine will be combined with Procera, and led by Procera CEO Lyndon Cantor, together with Procera CFO Richard Deggs. The new company will retain the Sandvine name; it will serve over 400 communications service provider customers, with over 1 billion subscribers in more than 100 countries, as well as over 500 enterprise customers and more than 100 OEM and channel partners.
Tags: francisco
bid
accepts
cad
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