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Vodafone agrees EUR 18.4 bln takeover of Liberty Global assets in Germany, East Europe
2018-05-09 08:32:00| Telecompaper Headlines
(Telecompaper) Vodafone Group has agreed to buy Liberty Global's cable business in Germany, Hungary, Romania and Czech Republic for EUR 18.4 billion. The acquisition will help further its fixed-mobile strategy, allowing Vodafone to rival Deutsche Telekom for network coverage in Germany and start a converged strategy in the three eastern European countries, where it's already active in the mobile market.
Aldermore agrees takeover by South Africa's FirstRand
2017-11-06 12:32:38| BBC News | Business | UK Edition
The UK challenger bank is to be sold to South Africa's FirstRand, if shareholders approve the deal.
Tags: south
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Poundland agrees to takeover from Steinhoff International
2016-07-13 08:42:38| BBC News | Business | UK Edition
Discount chain Poundland agrees to a 597m takeover by South African retail group Steinhoff International.
Tags: international
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agrees takeover
Zhone agrees reverse takeover with Dasan Networks
2016-04-13 08:14:00| Telecompaper Headlines
(Telecompaper) Zhone Technologies announced a definitive agreement to merge with Dasan Network Solutions, a subsidiary of Korea's Dasan Networks. Zhone will acquire Dasan Network Solutions and in exchange will issue shares to Dasan Networks representing 58 percent of the combined company. The new company will be called Dasan Zhone Solutions and will have two co-CEOs, one appointed by Dasan Networks and the other by Zhone. Zhone said the deal will lead to a bigger customer base and product portfolio, making it a leading provider of broadband access, mobile backhaul, Ethernet switching and passive optical LAN products.
Tags: networks
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Foxconn agrees Sharp takeover for JPY 389 billion
2016-03-30 12:14:00| Telecompaper Headlines
(Telecompaper) Sharp and Hon Hai Precision Industry have reached agreement on the latter's investment in Sharp. An initial agreement was first announced at the end of February, and it took a month for the companies to agree to the final terms. Under the deal, Hon Hai and its unit Foxconn will subscribe to JPY 288.8 billion in new common shares issued by Sharp, giving the Taiwanese company a 66 percent stake. The price per share is JPY 88, a significant discount to Sharp's more recent range of around JPY 130. Hon Hai will also acquire JPY 100 billion in new class C preferred shares in Sharp. These can be converted at a ratio of 1:100 from 01 July 2017. Further details of the agreement, such as the role of Sharp's creditors, were not disclosed.
Tags: sharp
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