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STC seeks to slash USD 2.40 bln offer for Vodafone Egypt - report

2020-09-08 09:39:00| Telecompaper Headlines

(Telecompaper) Saudi Telecom Company (STC) is in discussions to reduce its non-binding USD 2.39 billion offer for a stake in Vodafone Egypt, Bloomberg reported, citing two people with direct knowledge of the talks. The discussions come as a deadline nears for STC to move ahead with the non-binding offer first made in January. In July, the Saudi extended the memorandum of understanding for 60 days because of the effects of the Covid-19 pandemic. 

Tags: report offer usd egypt

 

Samsung wins USD 6.6 bln order from Verizon for 5G telecom gear

2020-09-07 13:51:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics announced it has secured a KRW 7.9 trillion (USD 6.6 billion) order to supply 5G telecommunications equipment to Verizon, the Nikkei reported. The deal paves the way for the South Korean company to expand its presence in the US as its Chinese rival, Huawei Technologies, remains locked out of the world's largest telecom market. 

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Amazon, Verizon to resume talks to buy stake in Vodafone Idea worth over USD 4 bln - report

2020-09-03 12:16:00| Telecompaper Headlines

(Telecompaper) Amazon and Verizon Communications are expected to soon resume talks to buy a large stake in Indian operator Vodafone Idea in a deal that could be worth over USD 4 billion, LiveMint reported, citing sources aware of the negotiations.

Tags: report buy idea worth

 

Rack Centre announces USD 100 mln data centre expansion in Lagos

2020-09-01 09:27:00| Telecompaper Headlines

(Telecompaper) West African carrier neutral data centre operator Rack Centre has announced an expansion to a total net lettable white space of 6,000 square metres and 13 MW of IT power capacity at its Lagos campus, ITWeb reported. This increase will supplement the expansion already under way to double existing capacity to 1.5 MW and 1,200 square metres of white space in early 2021. The report said the expansion is worth USD 100 million.

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Intelsat buys Gogo commercial aviation ops for USD 400 mln in cash

2020-09-01 09:02:00| Telecompaper Headlines

(Telecompaper) Satellite operator Intelsat has signed a definitive agreement to buy the commercial aviation business of Gogo for USD 400 million in cash, subject to the usual adjustments. Gogo said it started looking for buyers earlier this month, after reporting a 55 percent drop in revenues for the second quarter. 

Tags: commercial cash usd aviation

 

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