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US lifts ban on sales to ZTE after USD 1.4 bln in fines

2018-07-16 08:48:00| Telecompaper Headlines

(Telecompaper) ZTE has resumed operations after the US government lifted a ban on sales to the Chinese company. ZTE paid a USD 1 billion fine last month and deposited another USD 400 million in escrow, the Department of Commerce confirmed, in order to put an end to the order denying US companies to sell to the company. 

Tags: in sales usd ban


Broadcom to buy CA Technologies for USD 18.9 billion

2018-07-12 08:48:00| Telecompaper Headlines

(Telecompaper) Broadcom has agreed to buy CA Technologies for USD 18.9 billion. The company said the takeover will help it meet the growing demand for infrastructure software, adding CA's mainframe and enterprise software, extensive customer base and recurring revenues to its portfolio. 

Tags: buy technologies usd billion


AT&T close to deal to acquire ad exchange AppNexus for USD 1.6 bln - report

2018-06-20 08:52:00| Telecompaper Headlines

(Telecompaper) AT&T is close to a deal to acquire the advertising company AppNexus, the business news website Cheddar reported. Privately-held AppNexus operates an independent ad exchange for buying and selling of digital ads, which would help AT&T compete better with Google and Facebook and monetise its new content assets at Time Warner. 

Tags: report close deal exchange


Google to invest USD 550 million in China's JD.com

2018-06-18 10:03:00| Telecompaper Headlines

(Telecompaper) Google announced it will invest USD 550 million in Chinese e-commerce company JD.com. Google and JD.com say this investment is part of a broader partnership that will include the promotion of JD.com products on Google's shopping service. 

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UAE investment firm Mubadala plans launch to USD 400 mln European technology fund with Softbank

2018-06-14 10:37:00| Telecompaper Headlines

(Telecompaper) UAE-based Mubadala Investment Company (Mubadala) plans to create a USD 400 million fund to invest mainly in leading European technology companies, reports The National. It will be managed by the Abu Dhabi fund's venture capital arm, Mubadala Ventures, with SoftBank participating via its investment subsidiary, SIMI US Holdings. The fund will target founder-led, high growth technology companies with global scale and impact.

Tags: technology plans firm investment


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