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FCC overturns net neutrality

2017-12-14 20:17:00| Telecompaper Headlines

(Telecompaper) The Federal Communications Commission has overturned net neutrality rules, saying the regulatory framework will go back to the "light-touch" that allowed the internet to flourish for nearly 20 years. The rules were voted in in 2015, also to increase transparency requirements for consumers. The FCC said the new vote also covers "robust" transparency requirements that will work for consumers and help government better oversee the conduct of broadband providers.


Yandex, Sberbank agree to set up Yandex.Market e-commerce joint venture

2017-12-14 15:46:00| Telecompaper Headlines

(Telecompaper) Russian internet search engine Yandex has concluded an agreement with Sberbank on the launch of a joint venture based on the Yandex.Market platform. Under it Sberbank will subscribe for new shares in Yandex.Market for RUB 30 billion, valuing it at RUB 60 billion on a post-money basis, before taking into account any potential future synergies. The two partners will own equal stakes in the company, with 10 percent of the shares to be issued to an equity incentive foundation and allocated for future grants of equity awards to management and employees of Yandex.Market.


Disney buys 21st Century Fox for USD 52.4 bln in stock

2017-12-14 13:25:00| Telecompaper Headlines

(Telecompaper) The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will remain chairman and CEO of The Walt Disney Company through 2021. The acquisition is expected to yield at least USD 2 billion in cost savings from efficiencies realised through the combination of businesses.


Gemalto soundly rejects Atos bid

2017-12-13 23:05:00| Telecompaper Headlines

(Telecompaper) Gemalto has soundly rejected the EUR 4.3 billion takeover bid from Atos, saying it is best positioned to grow successfully and create long term value on a standalone basis. Gemalto said the bid undervalues the company's past share price averages and its future potential as it successfully transitions from traditional banking and telecom smartcard markets to fast-growing government, enterprise & cybersecurity and machine-to-machine markets. The bid price also doesn't reflect the potential synergies that would come from a combination with Atos, which Atos itself believes to be substantial. Gemalto CEO Philippe Vallee said that as it nears transition end, the company will be presenting a new "ambitious and substantial" development plan that will focus on the next generation of digital security for companies, governments and citizens worldwide.


Deutsche Telekom, EWE set up FTTH jv to deliver broadband to 1 mln homes

2017-12-13 14:33:00| Telecompaper Headlines

(Telecompaper) Deutsche Telekom and German regional utilities provider EWE have signed a declaration of intent to establish a joint venture to expand the fibre-optic network in northwestern Germany and deliver broadband internet to over 1 million households via FTTB/FTTH. The two companies will each own hold a 50 percent stake in the planned joint venture, which will invest up to EUR 2 billion in network expansion over a ten-year time frame in the states of Lower Saxony, North-Rhine Westphalia and Bremen. The joint venture will prioritize rural areas in these states when its planned operations begin in mid-2018. 

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