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Tag: bln
NXP to sell Standard Products business for USD 2.75 bln
2016-06-14 09:07:00| Telecompaper Headlines
(Telecompaper) NXP Semiconductors has agreed to divest its Standard Products business to a consortium of financial investors consisting of Beijing Jianguang Asset Management (JAC Capital) and Wise Road Capital. Under the terms of the agreement, the consortium will pay around USD 2.75 billion for the business. The transaction is expected to close in the first quarter of 2017, pending regulatory approvals and employee representative consultations.
Tags: business
products
standard
sell
Microsoft buys LinkedIn for USD 26.2 bln
2016-06-13 14:49:00| Telecompaper Headlines
(Telecompaper) Microsoft has agreed to fully acquire LinkedIn for USD 196 per share in an all-cash transaction valued at USD 26.2 billion. Under the deal, which includes LinkedInīs net cash, the company will retain its brand, culture and independence, and Jeff Weiner will remain CEO, reporting to Microsoft chief Satya Nadella.
Tags: microsoft
usd
buys
linkedin
Nokia, China Mobile enter EUR 1.36 bln frame deal
2016-06-13 14:02:00| Telecompaper Headlines
(Telecompaper) Nokia and China Mobile entered into a one-year frame agreement valued at up to EUR 1.36 billion whereby Nokia will provide equipment and services to the mobile operator for its transition to a cloud network infrastructure. Both Nokia Networks China and ASB will provide services under the agreement. Under the agreement, Nokia will deploy its 5G-ready AirScale Base Station, which allows multiple radio technologies to operate simultaneously in one base station and offers virtually unlimited scalability to support 5G speeds and IoT demand. Nokia will also provide additional elements of its mobile radio access and core portfolio in addition to fixed access, IP routing and optical transport, customer experience management, operational support system (OSS) and third party products as well as its global Services expertise.
Ericsson inks USD 1 bln systems overhaul deal with Vimpelcom
2016-06-13 11:52:00| Telecompaper Headlines
(Telecompaper) Vimpelcom said it has entered into a software partnership with Ericsson in a deal worth more than USD 1 billion set to transform Vimpelcom's global IT infrastructure. The deal includes the complete overhaul of Vimpelcom's IT infrastructure across 11 countries and 12 time zones. Vimpelcom will digitise and globalise its Business Support Systems (BSS) infrastructure using Ericsson's new software and cloud technologies.
Tags: systems
deal
usd
ericsson
New players bid USD 5 bln each for Yahoo assets - report
2016-06-13 09:23:00| Telecompaper Headlines
(Telecompaper) New bids for Yahoo's core business, patents and real estate assets have come in, Bloomberg reported, saying both Dan Gilbert, the founder of Quicken Loans and owner of the Cleveland Cavaliers basketball team, and AT&T each put in bids of about USD 5 billion.
Tags: report
yahoo
players
usd
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