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Apple close to USD 1 bln deal to buy Intel modem chip business - report
2019-07-23 08:42:00| Telecompaper Headlines
(Telecompaper) Apple is in advanced talks to buy Intel's smartphone-modem chip business, people familiar with the matter told the Wall Street Journal. A deal to acquire USD 1 billion in assets, including patents and staff, could be reached in the next week, the report said.
Tags: business
report
buy
close
US FTC approves USD 5 bln fine for Facebook data violation - report
2019-07-15 08:52:00| Telecompaper Headlines
(Telecompaper) The US Federal Trade Commission has approved a fine of USD 5 billion on Facebook for violating the personal data privacy agreement it reached with the US government in 2011/2012, Reuters reported. The fine follows the Cambridge Analytica incident of 2018, when Facebook shared data belonging to 87 million of its users. The settlement would be the largest civil penalty ever paid to the agency, but a number of lawmakers said the penalty was not high enough.
Cisco to acquire Acacia Communications for USD 2.6 billion
2019-07-09 15:10:00| Telecompaper Headlines
(Telecompaper) Under the terms of the agreement, Cisco agreed to acquire Acacia for USD 70.00 per share in cash, or for approximately USD 2.6 billion on a fully diluted basis, net of cash and marketable securities. As Cisco and Acacia come together, Cisco sai dit plans to support Acacia's existing customers and new customers that want coherent optics, digital signal processing / photonic integrated circuit modules, and transceivers for use in networking products and data centres.
Tags: communications
usd
billion
acquire
Equinix and GIC setting up USD 1 bln JV to build European hyperscale data centres
2019-07-02 08:54:00| Telecompaper Headlines
(Telecompaper) Data centre company Equinix has announced a USD 1 billion joint venture with Singapore's sovereign wealth fund GIC to develop and operate xScale-branded data centres in Europe. The aim is to serve the unique core workload deployment needs of a targeted group of hyperscale cloud service providers including existing Equinix clients Alibaba Cloud, Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure and Google Cloud rather than enter the wholesale market. Equinix said the facilities will be built on or close to some of its existing IBX campuses, allowing clients to increasingly embrace hybrid multicloud as the IT architecture of choice.
Tags: data
build
setting
european
Apple to provide USD 100 mln to Japan Display financing package
2019-06-28 09:40:00| Telecompaper Headlines
(Telecompaper) Apple has agreed to contribute to the capital injection for Japan Display, one of its major suppliers, after other investors backed out of the restructuring package. Apple will contribute USD 100 million via the investment fund Harvest Tech.
Tags: provide
japan
display
package
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