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Apple CEO sells USD 36 mln worth of stock
2016-08-29 10:37:00| Telecompaper Headlines
(Telecompaper) Apple CEO Tim Cook has sold USD 36 million worth of the 1.26 million block of compensation stock he received in 2011 when he became head of the company, the Wall Street Journal reported, citing a filing at the Securities and Exchange Commission. The shares, which were previously restricted, were valued at USD 135 million. Cook has now hit the halfway point of a stock-compensation plan that could see him awarded 7 million shares by 2021. The CEO earned most of his shares, 980,000, by remaining CEO for five years. He earned the additional 280,000 shares because Apple stock outperformed more than two-thirds of the companies in the S&P 500-stock index over the past three years.
Rackspace to go private in USD 4.3 bln takeover by Apollo
2016-08-29 08:51:00| Telecompaper Headlines
(Telecompaper) Rackspace has agreed to go private in a takeover by Apollo Global Management valuing the company at USD 4.3 billion. Searchlight Capital Partners will also make an equity investment in the company as part of the deal. The bid is worth USD 32 per Racksapce share, a premium of 38 percent on the company's share price on 03 August, the day before news of a possible takeover was reported. Rackspace said its board had been considering strategic options for several months and fully recommended the takeover to shareholders. Subject to shareholder and regulatory approval, the acquisition is expected to close in the fourth quarter.
Tags: private
usd
apollo
takeover
Zoona closes USD 15 mln Series B financing with IFC
2016-08-22 09:28:00| Telecompaper Headlines
(Telecompaper) African mobile money firm Zoona has raised USD 15-million in a second round of financing. This Series B round is led by the International Finance Corporation (IFC) and will help Zoona scale up its operations as it aims to reach 10 markets and 30 million active consumers across Africa by 2020, it said in a statement.
Tags: with
series
usd
financing
InfoVista acquires Ascom's TEMS for USD 45 million
2016-08-22 09:19:00| Telecompaper Headlines
(Telecompaper) InfoVista announced a binding agreement to acquire Ascom's TEMS business for USD 45 million. The network testing, monitoring and optimization platform is used by the world's top 20 mobile network operators, major infrastructure suppliers and network engineering services providers to help monitor wireless networks and assure quality of service and optimum performance. InfoVista, already active in network orchestration services, said the acquisition of TEMS will strengthen its ability to offer innovative products for mobile network performance analytics, indoor network design and optimization, and active service testing.
Tags: million
usd
acquires
infovista
T-Mobile US launches unlimited data plan for USD 70
2016-08-18 15:06:00| Telecompaper Headlines
(Telecompaper) T-Mobile US has launched an unlimited data plan at USD 70 per month. Customers receive unlimited calls, texts and LTE data for that price, with restrictions only on video, which is limited to SD quality (480p), and hotspot use, which is throttled to 2G speeds. To upgrade the video to HD, subscribers can pay another USD 25 per month. T-Mobile said it will also impose a fair-use policy; the same as on its other plans, the 3 percent of customers using the most data, currently over 26 GB per month, may see their connection throttled until the next billing month.
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