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Baidu's VoD service iQiyi files for USD 1.5 bln IPO in US

2018-02-28 15:37:00| Telecompaper Headlines

(Telecompaper) iQiyi, the Chinese VoD service owned by Baidu, has filed for an initial public offering of shares in the US. The company claims over 50 million subscribers and said it wants to raise USD 1.5 billion to help expand its content offering. 

Tags: in us service files

 

Huawei confirms new GBP 3 bln, 5-year commitment to UK

2018-02-06 11:39:00| Telecompaper Headlines

(Telecompaper) Huawei Technologies has reaffirmed its long-term commitment to the UK with a promise of procurement of GBP 3 billion over the next five years. This procurement will help UK businesses boost their exports to China. 

Tags: to uk commitment gbp

 
 

Apple announces record USD 38 bln tax payment to bring cash back to US

2018-01-18 08:57:00| Telecompaper Headlines

(Telecompaper) Apple has outlined plans to step up its investment in the US, saying it expects to make a contribution of USD 350 billion to the American economy over the next five years. That includes a record USD 38 billion tax payment to bring back its foreign cash to the US after the recent corporate tax reform. 

Tags: to us back record

 

Hulu ends 2017 with 17 mln subscribers, USD 1 bln in advertising revenues

2018-01-10 10:57:00| Telecompaper Headlines

(Telecompaper) Hulu ended 2017 with over 17 million total subscribers for its subscription on demand (SVOD) and live TV plans in the US, a rise of 40 percent (over 5 million) from the year before. The total number of unique viewers increased to 54 million. Advertising revenues also advanced, reaching USD 1 billion for the first time in the company's history.

Tags: advertising usd ends subscribers

 

Equinix to acquire Australia's Metronode for AUD 1 bln

2017-12-19 06:40:00| Telecompaper Headlines

(Telecompaper) Data centre operator Equinix has agreed to acquire Ontario Teachers' Pension Plan's equity interest in the Metronode group of companies. The all-cash transaction is worth AUD 1.035 billion (USD 792 million). The acquisition is scheduled for completion in the first half of 2018. 

Tags: acquire aud bln australias

 

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