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Axiata to acquire 80% stake in Ncell for USD 1.3 bln
2015-12-21 09:33:00| Telecompaper Headlines
(Telecompaper) Malaysia-based Axiata Group has agreed to buy Nepalese mobile operator Ncell from TeliaSonera. Axiata thus expands its regional footprint, entering the Nepalese market. Through its subsidiary Axiata Investments (UK), Axiata has entered into a conditional agreement with TeliaSonera and SEA Telecom Investments for the 100 percent acquisition of Reynolds Holdings for USD 1.365 billion. This provides Axiata with an 80 percent equity interest and controlling stake in Ncell.
Investor consortium to acquire Qihoo 360 for USD 9.3 bln
2015-12-21 09:07:00| Telecompaper Headlines
(Telecompaper) Chinese internet company Qihoo 360 has entered into a definitive merger agreement. Qihoo 360 will be acquired by a consortium of investors in an all-cash transaction valued at approximately USD 9.3 billion, including the redemption of approximately USD 1.6 billion of debt.
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Shaw buys Wind Mobile parent for CAD 1.6 bln
2015-12-17 09:18:00| Telecompaper Headlines
(Telecompaper) Shaw Communications has agreed to acquire Mid-Bowline Group and its unit Wind Mobile for a total of CAD 1.6 billion. CEO Brad Shaw said the deal will boost Shaw's offering by bringing in Wind's 5 MHZ spectrum in Ontario, Alberta and British Columbia, as well and its mobile network. The CEO added that the next step will be to develop a converged wireline and wireless network.
Huawei handset sales top USD 2 bln in West Europe in 2015
2015-12-16 16:00:00| Telecompaper Headlines
(Telecompaper) Huawei announced that sales at its Consumer Business Group, selling handsets and other mobile devices, exceeded USD 2 billion in Western Europe in 2015, an increase of 45 percent from the previous year. Huawei said the success reinforces its strategy to focus on the high end of the market, with smartphones like the P8 and Mate S. The company said it will step up its R&D efforts "to provide an outstanding hardware and software experience". Citing data from GfK, Huawei said its smartphone market share reached 10 percent in Italy in October and 13.8 percent in Spain, including 55 percent of the high-end market (EUR 400-500) in Spain. According to the latest smartphone sales data from Kantar Worldpanel ComTech, Huawei is now the second-largest Android brand in the top five Western European countries. Huawei's own research found that 64 percent of people in Western Europe are now aware of its brand.
UPDATE 1-Newell Rubbermaid to buy Jarden Corp for $13.22 bln
2015-12-14 13:47:24| Appliances - Topix.net
File photo of Martin Franklin, Executive Chairman of Jarden Corp, speaking at the Reuters Consumer and Retail Summit in New York June 27, 2011. Jarden shareholders will receive $21 in cash and 0.862 Newell shares for each share held, the companies said on Monday.
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