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Softbank FY profit jumps 32% to JPY 763 bln
2015-05-11 12:02:00| Telecompaper Headlines
(Telecompaper) Japanese operator Softbank reported net profit for the fiscal year to March 2014 up 32.1 percent to JPY 763.6 billion. Revenues jumped by 30.1 percent to JPY 8.670 trillion, while operating profit declined by 8.8 percent to JPY 982.7 billion. Net sales growth was mainly boosted by the mobile communications segment and the Sprint unit in the US.
Tags: profit
jumps
softbank
bln
Romanian auto market valued at EUR 18 bln last year
2015-05-11 10:05:50| Auto Parts - Topix.net
According to Constantin Stroe, President of the Romanian Association of Auto Manufacturers , the Romanian auto market had a value of EUR 18 bln in 2014. At a special conference organized by 'ZF' daily, Stroe pointed out that this value was 7 per cent higher year-on-year.
Chinese group agrees to acquire OmniVision for USD 1.9 bln
2015-05-01 11:20:00| Telecompaper Headlines
(Telecompaper) Advanced digital imaging services developer OmniVision Technologies has agreed to an increased USD 1.9 billion bid for its business from a consortium of Chinese investors. Beijing private-equity firm Hua Capital Management joined forces with other Chinese investors to offer USD 29.75 a share in cash for the company, around 12 percent more than the stock's current value. The deal is expected to close in 2016, leading to OmniVision. However, reports have suggested it may be blocked by US regulators concerned about Chinese investors acquiring Silicon Valley tech companies. OmniVision makes sensors, chips and other components for cameras used in smartphones and reported sales of USD 1.42 billion in 2014. Breakdowns of Apple products have revealed that OmniVision's components have been used in iPhones in the past.
Tags: group
chinese
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acquire
Crown Castle buys Sunesys for USD 1 bln
2015-04-30 12:41:00| Telecompaper Headlines
(Telecompaper) Crown Castle said it has agreed to acquire Quanta Fiber Networks (Sunesys) for USD 1.0 billion in cash, subject to a few limited adjustments. Sunesys, wholly owned by Quanta Services, is a fibre services provider with nearly 10,000 miles of fibre in major metropolitan markets across the US, including Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley, and northern New Jersey. Around 60 percent of the fibre miles are located in the top ten basic trading areas (BTAs). The acquisition of Sunesys will more than double Crown Castle's fibre footprint available for small cell deployments and expand the company's presence in many of the top US metropolitan markets. Crown Castle currently owns or has rights to 7,000 miles of fibre supporting 14,000 nodes, which contribute 7 percent to site rental revenues and site rental gross margin. The figure will go to 16,000 miles of fibre after the acquisition.
Microsoft to boost cloud revenue to USD 20 bln by 2018 - CEO
2015-04-30 09:34:00| Telecompaper Headlines
(Telecompaper) Microsoft is looking to triple annual revenue from its cloud-computing businesses to USD 20 billion by the end of fiscal 2018, according to its CEO Satya Nadella. Speaking to analysts at the company's Financial Analyst Briefing, Nadella also forecast that Microsoft will have 1 billion Windows 10 devices on the market by 30 June 2018. In its quarterly earnings report issued last week, Microsoft said total revenues from its cloud ventures more than doubled to a USD 6.3 billion run rate, most of it coming from Office 365 and Windows Azure.
Tags: microsoft
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