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Google to establish new USD 1 bln office NYC
2018-12-17 15:14:00| Telecompaper Headlines
(Telecompaper) Google plans to put over USD 1 billion into a new campus in New York City, at Google Hudson Square. The office will have the capacity to more than double the number of Google employees in New York over the next 10 years. Google set up offices in the city almost 20 years ago and now has more than 7,000 employees working in Search, Ads, Maps, YouTube, Cloud, Technical Infrastructure, Sales, Partnerships and Research. The news follows recent announcements by Amazon that it will establish new co-headquarters in New York City and Arlington, Virginia. Apple said it will be expanding its operations into more cities over the next three years, including in New Yor
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Releasing mmWave 5G spectrum could raise USD 565 bln - GSMA
2018-12-12 10:17:00| Telecompaper Headlines
(Telecompaper) Releasing ultra-short-wave mobile spectrum could add USD 565 billion to global GDP and USD 152 billion in tax revenue from 2020 to 2034, according to a study conducted by TMG for mobile industry association GSMA. The move would also improve access to healthcare, education and mobility whilst reducing pollution and increasing safety, said the report, adding that such outcomes rely on government support for the identification of sufficient millimetre wave (mmWave) spectrum for the mobile industry at the next ITU World Radiocommunication Conference in 2019 (WRC-19).
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Tencent Music prices IPO at low end of range, raising USD 1.1 bln
2018-12-12 08:36:00| Telecompaper Headlines
(Telecompaper) Tencent Music has priced its initial public offering of shares at USD 13 per ADS, the low end of its indicated range. This results in gross proceeds of USD 1.066 billion from the sale of 82 million ADS in the IPO, excluding any greenshoe option.
Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill
2018-12-11 16:32:00| Telecompaper Headlines
(Telecompaper) Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo.
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Inside Secure agrees takeover of Verimatrix for USD 143 mln
2018-12-05 18:04:00| Telecompaper Headlines
(Telecompaper) Inside Secure announced an agreement to acquire Verimatrix, more than doubling its size and expanding its security portfolio beyond wireless and connected devices to the entertainment market. The company will pay a net USD 143 million cash, plus an earn-out of USD 9 million in Q2 2019. Inside Secure will use its own cash plus private debt of USD 54 million provided by Apera Capital and an equity issue worth EUR 52 million to finance the deal.
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