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Airtel sells stake in DTH unit to Warburg Pincus for USD 350 million

2017-12-13 09:42:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel announced that an affiliate of private equity firm Warburg Pincus will acquire a stake of up to 20 percent in Bharti Telemedia, the DTH arm of Airtel. The acquisition price reaches around USD 350 million. Of this, a 15 percent stake will be sold by Bharti Airtel and the balance by another Bharti entity which holds 5 percent. 

Tags: million unit usd sells


3M sells Communications division to Corning for USD 900 mln

2017-12-11 16:41:00| Telecompaper Headlines

(Telecompaper) 3M is exiting the telecom networks market and selling substantially all of its Communication Markets division to Corning for USD 900 million. The business includes optical fibre and copper passive connectivity products, including 3M's xDSL, FTTx, and structured cabling products and, in certain countries, telecommunications system integration services. The business has annual global sales of around USD 400 million.

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Prysmian to acquire General Cable for USD 3 billion

2017-12-04 10:42:00| Telecompaper Headlines

(Telecompaper) Prysmian has agreed to buy rival General Cable for USD 3 billion including debt, creating a new powerhouse in the energy and telecom cable market. The offer of USD 30 per share cash is an 81 percent premium on General Cable's share price in July when the company announced it was considering strategic alternatives.

Tags: general usd cable billion


Nokia wins USD 137 mln arbitration award in BlackBerry licensing dispute

2017-12-04 08:36:00| Telecompaper Headlines

(Telecompaper) Nokia has won USD 137 million in back licensing payments from BlackBerry in a ruling by the International Chamber of Commerce's International Court of Arbitration.  has ruled against the company in a contract dispute with Nokia Corporation. BlackBerry said it accepts the decision but is continuing with a separate case of patent infringement against Nokia. 

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Marvell confirms Cavium takeover for USD 6 billion

2017-11-20 13:18:00| Telecompaper Headlines

(Telecompaper) Marvell Technology has confirmed an agreement to acquire Cavium for USD 6 billion, in a bid to relaunch the company in the networking market. If approved, Cavium shareholders will own around 25 percent of the combined group, which will have around USD 3.4 billion in annual sales. 

Tags: usd billion confirms takeover


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