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Tag: bln
Apple App Store tops USD 10 bln in sales in 2013
2014-01-07 16:19:00| Telecompaper Headlines
(Telecompaper) Apple announced that customers spent over USD 10 billion on its App Store in 2013, including over USD 1 billion in December alone. App Store customers downloaded almost three billion apps in December, making it the most successful month in the App Store's history. Apple said developers active on the store have now earned USD 15 billion. In total more than 1 million apps are available on the Apple store, to users of the iPhone, iPad and iPod touch in 155 countries around the world.
T-Mobile buys 700 MHz spectrum from Verizon for USD 2.4 bln
2014-01-06 13:44:00| Telecompaper Headlines
(Telecompaper) T-Mobile US has agreed to buy additional spectrum in the 700 MHz band from Verizon Wireless for USD 2.365 billion cash and a swap of other frequencies. Verizon will gain AWS and PCS spectrum worth around USD 950 million as part of the deal. T-Mobile already holds spectrum in the same 'A block' of the 700 MHz band in Boston and the deal with Verizon gives it the important low-band spectrum in nine of the top ten and 21 of the top 30 markets in the US. In total, T-Mobile will have low-band spectrum covering 158 million people, including New York, LA, Dallas, Houston, Philadelphia, Atlanta, Washington DC and Detroit. The company aims to deploy the new spectrum as early as the fourth quarter of 2014. Also, as part of the transaction, the two companies will realign spectrum blocks in certain markets, primarily in northern California and the Atlanta area. The agreements are subject to approval by the Federal Communications Commission and the Department of Justice and are expected to close in mid-2014.
Telstra sells Hong Kong business to HKT for USD 2.43 bln
2013-12-20 00:23:00| Telecompaper Headlines
(Telecompaper) Australian communications provider Telstra has signed an agreement to sell its Hong Kong based mobile business CSL to HKT for USD 2.43 billion. The sale, which is subject to regulatory approval in Hong Kong and HKT and PCCW security holder approval, would equate to proceeds of approximately AUD 2 billion for Telstra's 76.4 percent interest. The sale of CSL is expected to generate a profit on sale of approximately AUD 600 million for Telstra. HKT will also acquire the remaining 23.6 percent shareholding held by New World Development. Telstra said that despite this sale, Asia remains an important part of the company's strategy and that it intends to be in the region for the long term.
Tags: business
hong
kong
hong kong
Avago to acquire LSI for USD 6.6 bln
2013-12-17 09:25:00| Telecompaper Headlines
(Telecompaper) Avago Technologies is acquiring networking systems provider LSI for USD 11.15 per share in an all-cash transaction valued at USD 6.6 billion. Avago said the deal will create a highly diversified semiconductor market leader with around USD 5 billion in annual revenues and that it will add enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalise on the growing opportunities created by the rapid increases in data centre IP and mobile data traffic, the company said. CEO Hock Tan said the combination will increase scale, diversify Avago revenue and customer base and that it will drive LSI operating margins up towards Avago levels. The deal will be accretive immediately to Avago's non-GAAP free cash flow and earnings per share. Avago is guiding for annual cost savings at a run rate of USD 200 million by the end of the fiscal year to 1 November 2015, the first full fiscal year after closing. Completion is expected for the first half of next calendar year. Avago intends to fund the transaction with USD 1.0 billion of cash from its balanced sheet, as well as a USD 4.6 billion term loan from a group of banks and a USD 1 billion investment from Silver Lake Partners. The boards of both companies have approved the acquisition, which is still subject to the usual closing conditions, as well as approval of LSI shareholders.
Norwegian mobile broadband auction yields NOK 1.785 bln
2013-12-10 11:22:00| Telecompaper Headlines
(Telecompaper) Norwegian postal and telecoms regulator PT said the auction for frequencies in the 800 MHz, 900 MHz and 1800 MHz bands will yield total revenue of NOK 1,784,702,000. TeliaSonera will pay NOK 626.700 million for the airwaves it has won, Telco Data will pay 707.500 million and Telenor will pay NOK 453.002 million.
Tags: mobile
auction
broadband
norwegian
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