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Avaya posts quarterly loss of USD 633 mln on impairment, sees takeover talks concluded in month

2019-08-13 13:34:00| Telecompaper Headlines

(Telecompaper) Avaya reported a net loss of USD 633 million for its fiscal third quarter to June, hurt by an impairment charge of USD 657 million to write down goodwill at its Products & Solutions division due to reduced prospects. The company also withdrew its long-term outlook, saying this will be updated after it completes its evaluation of takeover offers, expected in the next 30 days. 

Tags: month posts loss usd


Helios Towers mulls listing at possible USD 3 bln valuation - report

2019-08-12 09:25:00| Telecompaper Headlines

(Telecompaper) Helios Towers is reviving plans for an initial public offering, Bloomberg reported, citing people familiar with the matter. Its advisers are resuming preparations for an IPO that could value Helios at about USD 3 billion and it is considering filing for the share sale as soon as this year, they said. The tower owner is weighing London and Johannesburg as listing venues, though it has not made a final decision, one of the people said. 

Tags: report listing usd valuation


Broadcom buys Symantec enterprise security business for USD 10.7 billion

2019-08-09 08:48:00| Telecompaper Headlines

(Telecompaper) Broadcom has agreed to acquire the enterprise security business of Symantec for USD 10.7 billion cash. This gives the company rights to the Symantec brand name and a full range of cybersecurity products for the business market. Symantec will continue with its consumer software business under the Norton name. 

Tags: business security usd enterprise


Altice USA unveils high-end Amplify smart speaker from USD 399

2019-08-07 14:22:00| Telecompaper Headlines

(Telecompaper) Cable operator Altice USA has teamed up with French audio specialist Devialet to unveil a high-end smart speaker complete with Alexa-powered voice control. The new Altice Amplify features two long stroke Diamond woofers, designed by Devialet, a 19v, 7.5 A peak amp and six far-field microphones, which are engineered to pick up sound from across the room, said the company. It also comes with built-in Alexa, including access to more than 90,000 skills, ranging from entertainment to productivity, games and more.

Tags: usa usd smart speaker


Disney plans bundle of ESPN+, Hulu and Disney+ for USD 12.99

2019-08-07 08:28:00| Telecompaper Headlines

(Telecompaper) Disney announced plans to offer a bundle of its three streaming services Disney+, Hulu, and ESPN+ for USD 12.99 a month. The new discounted package will go on sale 12 November, CEO Bob Iger announced on the media group's conference call on quarterly results. 

Tags: plans usd disney bundle


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