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US govt asks Riot Games, Epic Games about data protocols with Chinese parent Tencent

2020-09-18 14:26:00| Telecompaper Headlines

(Telecompaper) The move follows US bans on ByteDance's TikTok, Tencent's WeChat and Huawei, in the name of national security.

Tags: data games chinese parent


Softbank Group sells US mobile distributor Brightstar

2020-09-18 11:00:00| Telecompaper Headlines

(Telecompaper) Japan's Softbank Group said it has agreed to fully sell US mobile services unit Brightstar for an undisclosed amount to Brightstar Capital Partners (BCP), a private equity firm formed in 2015 by a former executive at Brightstar. Under the terms of the deal, Softbank will get cash and a 25 percent share in BCP. The transaction, subject to the usual approvals and closing conditions, should close by end March. 

Tags: group mobile distributor sells


Macquarie offers EUR 2.65 bln for Enel's Open Fiber stake

2020-09-18 09:16:00| Telecompaper Headlines

(Telecompaper) Italian utility giant Enel has confirmed the receipt of a binding bid from Australian infrastructure fund Macquarie for its 50 percent stake in Italian wholesale-only operator Open Fiber. In a brief statement, Enel said Macquarie Infrastructure & Real Assets (MIRA) offered EUR 2.65 billion, excluding debt, for the stake, with further adjustment and earn out mechanisms to be taken into account. The state-backed utility said its board is now "awaiting updates on the details that may emerge following the required in-depth activities with MIRA on the content of the offer."

Tags: open offers eur fiber


Ericsson to buy wireless WAN specialist Cradlepoint for USD 1.1 bln

2020-09-18 08:27:00| Telecompaper Headlines

(Telecompaper) Ericsson announced an agreement to acquire Cradlepoint for USD 1.1 billion. The takeover of the US-based company is expected to strengthen its portfolio of enterprise wireless solutions, including products for wireless edge WAN over 4G and 5G networks. 

Tags: buy wireless usd specialist


Verizon, AT&T launch Zenkey mobile authentication system to customers

2020-09-17 14:54:00| Telecompaper Headlines

(Telecompaper) US mobile operators Verizon and AT&T have launched their new authentication service Zenkey for customers. Developed by the industry over the past three years, Zenkey uses factors such as the mobile phone number, Sim card and device to verify a user's identity when logging into a secure site. It's expected to help mobile users avoid having to remember multiple passwords for online services. 

Tags: system mobile customers att


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