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Xperi gets unsolicited cash bid worth USD 23.30 per share
2020-02-24 10:04:00| Telecompaper Headlines
(Telecompaper) Xperi said it has received an unsolicited bid from Metis Ventures, worth USD 23.30 per share in cash. The company earlier signed an all-stock merger deal with TiVo, giving TiVo a majority (53.5%) of the newly-created company, which would have just over USD 1 billion in revenue. Xperi said it talked internally about the Metis proposal and concluded that, due to the lack of information and current non-binding terms and conditions, it will probably not pursue the deal.
Motorola Solutions wins USD 765 mln in damages from Hytera over stolen trade secrets
2020-02-17 08:56:00| Telecompaper Headlines
(Telecompaper) Motorola Solutions has been awarded USD 764.6 million in damages in a patent infringement and trade secrets suit against rival Hytera Communications in US federal court.
Tags: solutions
trade
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motorola
America Movil to invest USD 8.5 bln in 2020, launch 5G in H2 - CEO
2020-02-14 12:17:00| Telecompaper Headlines
(Telecompaper) America Movil has plans to spend another USD 8.5 billion on capital expenditures in 2020, similar to last year's investment, to continue expanding its fibre-optic infrastructure throughout Latin America and launch its first 5G networks, said the company's CEO Daniel Hajj, according to Reuters. In a call with investors following the publication of America Movil's full-year results, Hajj said 5G services will likely debut in Mexico this year and may arrive in Brazil as well, depending on the availability of spectrum.
Liberty Global starts USD 1 bln share buyback plan amid lower Q4, with continued customer losses
2020-02-14 09:24:00| Telecompaper Headlines
(Telecompaper) Liberty Global said revenues for the fourth quarter slid 0.5 percent to USD 2.982 billion, pulled down by contractions in Switzerland, Belgium and UK/Ireland. Mobile revenue increased 5.2 percent to USD 429.9 million but was not able to offset cable revenue falling 0.9 percent to USD 1.902 billion. The operating cash flow (OCF) declined a bit over 4 percent to USD 1.273 billion with OFCF (OCF after tax) down 18.2 percent to USD 433.4 million. The operating profit meanwhile increased 11.2 percent to USD 282.5 million. For the full year, revenues dipped 0.6 percent lower to USD 11.541 billion, with OCF off 3.1 percent to USD 4.859 billion, OFCF up 34.5 percent to USD 1.979 billion and the operating profit going 11.2 percent lower to USD 745.5 million.
Tags: plan
share
customer
global
FCC plans C-Band auction for December, satellite operators may get up to USD 9.7 bln to vacate spectrum
2020-02-07 08:54:00| Telecompaper Headlines
(Telecompaper) FCC chairman Ajit Pai announced plans to auction key mid-band spectrum for 5G later this year. On 28 February, the FCC will vote on the plans to auction 70 MHz in the 3.5 GHz band in June and 280 MHz in the C band (3.7-4.2 GHz) in December.
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