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FCC to invest additional USD 2 bln in broadband for schools
2014-02-03 21:59:00| Telecompaper Headlines
(Telecompaper) The Federal Communications Commission (FCC) has announced that the agency will invest an additional USD 2 billion over the next two years to support broadband networks in United States' schools and libraries. This represents a doubling of investment in broadband and will connect 20 million students in at least 15,000 schools to broadband access. Funding for new investments in broadband will come from reprioritising existing E-Rate funds to focus on high-capacity internet connectivity, increasing efficiency and modernising management of the E-Rate programme.
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schools
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DT pledges EUR 1.2 bln investment in OTE
2014-02-02 21:11:00| Telecompaper Headlines
(Telecompaper) The new CEO of Deutsche Telekom, Tim Hoettge, and Claudia Nemat, DT's board member responsible for Europe, met with the CEO of Greek operator OTE Michael Tsamaz and the Greek Prime minister Antonis Samaras to discuss the group's investment and strategic plans in Greece. DT said it plans to invest EUR 1.2 billion in OTE group in the coming four years. Hoettges noted that DT is confident in the prospects for OTE group and the country. OTE is a strategic investment for DT with a long-term horizon, he said. Separately, the Greek paper eKathimerini reported, citing two people familiar with the matter, that the German operator made an offer to buy a 10 percent stake in OTE held by the Greek government. DT already holds 40 percent in OTE. It was not clear how much DT offered for the stake. OTE has a market capitalisation of around EUR 5.4 billion.
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eur
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Smartphone shipments pass 1 bln units in 2013
2014-01-28 09:09:00| Telecompaper Headlines
(Telecompaper) The worldwide smartphone market shipped 1.004 billion units last year, up 38.4 percent from the 725.3 million units in 2012, according to estimates from IDC. In the fourth quarter of 2013, vendors shipped a total 284.4 million smartphones worldwide, up 24.2 percent from a year earlier. In the broader mobile phone market, global shipments reached 1.822 billion units in 2013, up 4.8 percent from a year earlier. Fourth-quarter shipments reached 488.4 million, an increase of 0.9 percent year-on-year. Samsung added 1 percent point of market share in smartphones, to strengthen its lead at 31.3 percent of shipments. It also grew by almost 1 percent in the broader market, taking 24.6 percent of the total mobile market. Nokia's share of the total market dropped to 13.8 percent from 19.3 in 2012, and it did not make the top five smartphone makers. Apple was in second place in smartphones, although its share dropped to 15.3 percent from 18.7 in 2012. Apple took 8.4 percent of the total mobile phone market. LG ranked fourth in the total market with a 3.8 percent share and fifth in smartphones with 4.8 percent, both up on a year earlier. Huawei came third in smartphones, growing its share to 5.8 percent, and Lenovo moved to fourth in the smartphone rankings, taking 4.9 percent of shipments.
Tags: pass
units
smartphone
shipments
Liberty Global to acquire Ziggo for EUR 10 bln
2014-01-27 09:02:00| Telecompaper Headlines
(Telecompaper) Liberty Global has agreed to buy Dutch cable operator Ziggo for EUR 10 billion in cash and shares. The merger of Ziggo with Liberty's Dutch subsidiary UPC will create the Netherlands' largest cable operator, with a network passing over 90 percent of homes in the Netherlands. Liberty acquired a nearly 30 percent stake in Ziggo last year, and the two confirmed in December talks on a takeover. The offer values Ziggo at EUR 34.53 per share, a premium of 22 percent compared to its price in mid-October when talks first emerged of a possible deal with Liberty. Liberty is offering EUR 11.0 cash, 0.2282 Liberty Global Class A ordinary shares and 0.5630 Liberty Global Class C ordinary shares for each Ziggo share. Liberty also announced plans for a dividend of one Class C share for every other share held by its existing shareholders, to be paid in early March.
Tags: eur
global
acquire
liberty
Cisco to invest up to USD 1.35 bln in Mexico this year
2014-01-24 16:38:00| Telecompaper Headlines
(Telecompaper) Mexican President Enrique Pena Nieto and Cisco CEO John Chambers have met in Davos during the World Economic Forum to discuss the expansion of Cisco's presence in Mexico, including the recently announced Cisco Support Center, the expansion of manufacturing of advanced technology products, and the expansion of the Cisco Networking Academy program. Plans for direct and indirect investment are estimated to reach up to USD 1.35 billion during 2014.
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