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Lumentum to acquire Oclaro for USD 1.8 billion

2018-03-13 18:37:00| Telecompaper Headlines

(Telecompaper) Lumentum has agreed to buy Oclaro for USD 1.8 billion in order to expand in the fibre-optic components market. The offer of USD 9.99 per share is a 40 percent premium to Oclaro's average share price in the past month. 

Tags: usd billion acquire oclaro

Category: Telecommunications

Fitbit targets smartwatch mass market with new Versa device

2018-03-13 18:23:00| Telecompaper Headlines

(Telecompaper) Fitbit has launched a new mass-market smartwatch called the Fitbit Versa, as well as a smartband activity tracker aimed at kids. 

Tags: market device mass targets

Category: Telecommunications

Finland buys 3.3% stake in Nokia

2018-03-13 15:08:00| Telecompaper Headlines

(Telecompaper) The Finnish state investment fund Solidium has acquired a 3.3 percent stake in Nokia for approximately EUR 844 million. The fund said it used proceeds from selling its stake in Telia earlier this year in order to invest in Nokia, which is based on Finland. 

Tags: nokia finland buys stake

Category: Telecommunications

Free posts 6% rise in annual EBITDA on steady mobile growth

2018-03-13 10:13:00| Telecompaper Headlines

(Telecompaper) French telecom group Iliad reported full-year revenues of EUR 4.99 billion, up by 5.6 percent on 2016. The mobile business saw revenues increase by 8.4 percent to EUR 2.21 billion, as the operator's customer base continued to grow at a steady pace and with a more favourable subscriber mix. The fixed line operations posted revenues of EUR 2.78 billion, up by 3.5 year-on-year. Full-year EBITDA rose by 6 percent to EUR 1.78 billion. This progression was attributed to a sharp increase in the profitability of the mobile business and was supported by the higher proportion of traffic carried directly on Free Mobile's own network.

Tags: free posts mobile growth

Category: Telecommunications

White House ends Broadcom bid for Qualcomm, citing security concerns

2018-03-13 08:53:00| Telecompaper Headlines

(Telecompaper) The US government will not allow the takeover of Qualcomm by Broadcom, due to national security concerns, according to a statement from the White House. An order signed by US President Donald Trump said there was "credible evidence" that Broadcom, a company based in Singapore, by exercising control over Qualcomm, "might take action that threatens to impair the national security of the United States". 

Tags: house white security bid

Category: Telecommunications

Altice to sell international carrier business to Tofane

2018-03-13 08:38:00| Telecompaper Headlines

(Telecompaper) Altice has entered exclusive talks to sell its international carrier business to Tofane Global for an undisclosed sum. Altice International Wholesale includes the group's international inter-operator carrier activities in France, Portugal and the Dominican Republic (SFR Carriers, Meo and Orange Dominicana), which together transported 14 billion minutes of international voice traffic in 2017.

Tags: business international sell carrier

Category: Telecommunications

Finnish government buys 3.3% stake in Nokia

2018-03-13 01:00:00| Total Telecom industry news

The Finnish government has purchased an €844 million stake in Nokia, the company has announced. Through its wholly owned investment company Solidium Oy, the Finnish government will take control of 3…read more on TotalTele.com »

Tags: government nokia finnish buys

Category: Telecommunications

Altice to spin off its wholesale voice carrier units in France, Portugal and The Dominican Republic

2018-03-13 01:00:00| Total Telecom industry news

Altice says that it has entered into exclusivity with French based Tofane Global, over the sale of its international wholesale voice carrier businesses in France…read more on TotalTele.com »

Tags: the france portugal voice

Category: Telecommunications

Scotland allocates 25m to tackle 4G notspots

2018-03-13 01:00:00| Total Telecom industry news

Scotland is to spend £25 million to help boost 4G coverage across the country. 16 4G notspots have been provisionally identified and new masts will be installed to improve connectivity and establish 4G network coverage in previously uncovered areas…read more on TotalTele.com »

Tags: scotland tackle 25m allocates

Category: Telecommunications

Trump blocks Qualcomm acquisition over national security concerns

2018-03-13 01:00:00| Total Telecom industry news

US president Donald Trump has blocked Broadcom's planned takeover of its rival Qualcomm, citing concerns over US national security. In a statement released on Monday, Trump said that he had taken the action to block the potential of cyber espionage…read more on TotalTele.com »

Tags: national security concerns blocks

Category: Telecommunications

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