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Vimpelcom takes USD 900 mln charge for Uzbek investigation
2015-11-03 08:46:00| Telecompaper Headlines
(Telecompaper) Vimpelcom announced it will take a provision of USD 900 million to cover potential liabilities in the investigation into its Uzbekistan activities. Vimpelcom said it was still in talks with the authorities on resolving the case and there was no assurance as to the final cost to the company. The Securities and Exchange Commission and Department of Justice in the US where Vimpelcom is listed and the Public Prosecutor (Openbaar Ministerie) of the Netherlands where Vimpelcom is based are investigating how Vimpelcom obtained its operating licence in Uzbekistan. The company is suspected of paying bribes to a close relative of Uzbek president Islam Karimov, in exchange for access to Uzbekistan's telecommunications market. Vimpelcom has been in talks with the authorities on settling case since early this year.
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RPX buys Rockstar patents for USD 900 mln
2014-12-24 09:11:00| Telecompaper Headlines
(Telecompaper) RPX said it has agreed to acquire the patents controlled by patent consortium Rockstar, for an undisclosed price. The Wall Street Journal said the purchase of the 4,000 patents will cost USD 900 million. Rockstar was formed in 2011 by Apple, Blackberry, Ericsson, Microsoft and Sony for the purpose of buying the 6,000 patents from the Nortel bankruptcy estate. Around 2,000 of the patents have already been distributed to various Rockstar owners. Upon closing, subject to regulatory approval and other customary conditions, RPX will receive license payments from a syndicate of over 30 companies, including Cisco and Google. Syndicate participants will receive non-exclusive licenses to the Rockstar patents, and RPX Clearinghouse will make the patents available for license to all other interested companies under fair, reasonable, and non-discriminatory (FRAND) terms. The RPX Clearinghouse syndicate includes a broad range of software and media providers, semi-conductor manufacturers, wireless carriers and wireline network operators, and original equipment manufacturers. Cisco said it developed a licensing model with RPX giving license access to those who chose not to join the RPX Clearinghouse syndicate. Google also helped develop the model while Microsoft and Apple worked with other Rockstar members Blackberry, Ericsson and Sony to reach consensus.
Cloudera raises USD 900 mln in financing
2014-04-01 08:59:00| Telecompaper Headlines
(Telecompaper) Enterprise data analytics company Cloudera has raised a total USD 900 million in new financing. This includes the previously-announced USD 160 million of funding from T. Rowe Price and three other public market investors, Google Ventures, and an affiliate of MSD Capital, the private investment arm of Michael Dell and his family, and a significant equity investment by Intel that gives Intel an 18 percent share of Cloudera. Intel and Cloudera earlier announced a collaboration on technology development but did not disclose the details of the equity invesment. Within the past year Cloudera brought to market its version of an enterprise data hub, a reference architecture based on Apache Hadoop surrounded with open source components. The new financing will allow it to accelerate growth, including through the collaboration agreement with Intel, further drive the enterprise adoption of and innovation in Hadoop, to which it is the largest open source contributor, and promote the enterprise data hub market. The US company plans geographic expansion into Europe, Asia and China through Intel's market presence. The financing is expected to close in the second quarter of 2014, subject to customary closing conditions.
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Rakuten buys Viber for USD 900 mln
2014-02-14 09:15:00| Telecompaper Headlines
(Telecompaper) Japanese e-commerce group Rakuten has agreed to buy the mobile messaging service Viber for USD 900 million. Rakuten said the deal supports its expansion in the digital content space, following its acquisitions of Kobo, Wuaki.tv and Viki. Viber's messaging and VoIP services can be offered to the some 225 million customers of Rakuten's other web services, joining its 'Super Points' rewards programmes. Rakuten said it also sees potential to expand Viber's stickers platform and develop it as a gaming service, similar to the rival Japanese messaging service Line. Viber has over 300 million registered users worldwide, after growing over 120 percent in 2013.
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