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Motorola buys Airwave for GBP 817.5 mln
2015-12-04 09:17:00| Telecompaper Headlines
(Telecompaper) Motorola Solutions has agreed to acquire Airwave for GBP 817.5 million (around USD 1.2 billion). Formed in 2000, Airwave is headquartered in Berkshire, England, with about 600 employees. The company is owned by investment fund Macquarie European Infrastructure Fund 2, which supports the transaction. The company delivers mission-critical voice and data communications to more than 300 emergency and public service agencies in the UK. Based on Tetra technology provided by Motorola Solutions, its network covers 99 percent of the UK's territory.
Liberty Global to buy Cable & Wireless for GBP 3.5 bln
2015-11-17 08:38:00| Telecompaper Headlines
(Telecompaper) Liberty Global has offered to acquire UK-based telecoms group Cable & Wireless Communications (CWC) for GBP 3.5 billion in a bid to expand its Caribbean business. The announcement comes six months after Liberty Global's chairman and largest shareholder John Malone acquired a 13 percent stake in CWC following the UK group's EUR 1.85 billion acquisition of Columbus International. Last month the companies confirmed they had entered into talks about bringing together CWC's strong position in the Caribbean with Liberty's operations in Chile and Puerto Rico. The stock offer for CWC is valued at 78.04 pence per share, based on closing share prices as of 13 November, with shareholders also receiving a special dividend of 3 pence per share. In a statement, Liberty Global said the offer represented a purchase price multiple of 10.7x CWC's adjusted EBITDA on 30 September after taking into consideration the unrealised cost synergies resulting from CWC's acquisition of Columbus International. The combined business would serve 10 million video, data, voice and mobile subscribers, said Liberty Global's CEO Mike Fries, adding that additional synergies would be expected beyond the previously reported USD 125 million.
Tags: buy
global
wireless
cable
Interoute to buy Easynet for GBP 402 million
2015-09-08 10:40:00| Telecompaper Headlines
(Telecompaper) European data centre operator Interoute has agreed to buy managed services provider Easynet. The takeover gives Easynet an enterprise value of GBP 402 million; no further financial details were released. Interoute said the takeover will allow it to offer its enterprise, government and service provider customers a full range of services, as well add new skills and growth prospects for the group. The takeover will increase its annual sales to over EUR 700 million, based on pro forma figures for the 12 months to June. The takeover follows the investment of private equity funds in Interoute earlier this year, aimed at expanding the company's presence in key markets such as the UK and US. Easynet is based in the UK operates and offers a range of unified communications, hosting, colocation, connectivity, security and voice services. It was acquired by the UK-based public sector services specialist MDNX, backed by private equity fund Equistone Partners, in late 2013. Based in London, Interoute over 67,000 km of lit fibre, 12 data centres and 31 collocation centres, with connections to 195 additional third-party data centres.
Sophos prices IPO for valuation of over GBP 1 bln
2015-06-26 13:59:00| Telecompaper Headlines
(Telecompaper) Security service provider Sophos has priced its initial public offering, which it announced earlier this month, at 225 pence per share, bringing its market capitalisation to over GBP 1 billion at the start of conditional dealings. The IPO will be of 156.5 million shares, representing 34.8 percent of the company's issued share capital, assuming no greenshoe. The selling shareholders have granted an over-allotment option of almost 23.5 million shares, representing 15 percent of the shares in the offer. Sophos will be raising around USD 125 million in gross proceeds. The provider will use the money to reduce debt and provide it with better financial flexibility. The selling shareholders will receive gross proceeds of about GBP 272.6 million. At the end of the transaction, Apax Funds will hold 40.1 percent, the founders 18.9 percent, Investcorp 2.5 percent and the directors 1.7 percent. Shares are expected to start trading on the London Stock Exchange on 26 June. At admission, the company will have 450 million shares in issue.
Tags: prices
gbp
ipo
valuation
Keysight to buy Anite for GBP 388 million
2015-06-17 10:22:00| Telecompaper Headlines
(Telecompaper) Keysight Technologies has agreed to by UK-based wireless testing equipment provider Antie for GBP 388 million cash. Keysight said the acquisition is in line with its strategy of expanding in software for wireless research and development. Anite will help expand its portfolio into the software layer for design and validation, and grow Keysight's position as a supplier for wireless design and validation tools. Anite's tools help design and validate chipsets, mobile devices and network equipment. Its customers include major manufacturers of mobile devices, chipsets and network equipment, mobile network operators, regulatory authorities, and independent test houses. With offices in 14 countries, Anite has more than 500 employees worldwide. Pending approval from regulators and Anite's shareholders, the takeover is expected to close by the end of October.
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