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Tag: mln
Surfline gets USD 15 mln from DEG to expand LTE network
2015-04-28 15:36:00| Telecompaper Headlines
(Telecompaper) African mezzanine debt provider Vantage Capital has announced that Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and four other European investors are contributing approximately USD 60 million to Vantage's third fund. DEG's commitment to Fund III is USD 20 million. In addition, DEG is providing USD 15 million to a co-investment with Vantage in Ghanaian operator Surfline Communications. Vantage invested USD 15 million in Surfline from its second fund late last year.
Google pledges EUR 150 mln to European news publishers
2015-04-28 10:41:00| Telecompaper Headlines
(Telecompaper) Google has committed to giving EUR 150 million to European news publishers over the next three years as part of a wider project designed to help news providers earn money from their own online coverage. The company's Digital News Initiative has been backed by eight European publications the Financial Times, the Guardian, El Pais, NRC Media, Les Echos, La Stampa, Faz and Die Ziet with other partners invited to join. Google said the initiative would explore ways to "increase revenue, traffic and audience engagement." In addition to the EUR 150 million innovation fund, the company will also contribute digital resources to newsrooms as well as "dedicated staff" to provide digital skills training to journalists in London, Hamburg and Paris.
Tags: news
google
eur
european
Google commits USD 1 mln for Nepal, mourns executive
2015-04-27 09:12:00| Telecompaper Headlines
(Telecompaper) Google's Dan Fredinburg has died in an avalanche which was triggered by the earthquake that hit Nepal last week, TechCrunch reported. Fredinburg, who was on Mount Everest at the time, headed privacy for Google X and lead its product management team. The earthquake has already killed over 2,000 people in the region. Some 18 other climbers have been killed. Google's Crisis Response team has launched Person Finder for Nepal, and is working to get updated satellite imagery to aid in the recovery effort. Google.org has committed USD 1 million to earthquake relief efforts and will have gift-matching available soon.
Tags: google
executive
usd
nepal
Procera acquired by private equity fund for USD 240 mln
2015-04-22 13:46:00| Telecompaper Headlines
(Telecompaper) Subscriber experience specialist Procera Networks has been acquired by Francisco Partners Management for USD 240 million in cash. Under the terms of the definitive agreement, Francisco Partners will start a tender offer by 5 May to acquire all of Procera's outstanding shares for USD 11.50 per share in cash. Procera's board of directors has approved the transaction. Procera CEO James Brear said that deal will give it the resources and financial expertise needed to reach its next level of growth and to strengthen its competitive market position. Procera also announced preliminary results for the first quarter, saying it expects revenues at USD 19.5-20.5 million and a net operating loss. The company's full year guidance remains the same.
OnePlus sells over 1 mln phones, drops invites for sales
2015-04-20 17:53:00| Telecompaper Headlines
(Telecompaper) OnePlus has opened up sales of its smartphone to the general public and no longer requires an invite to purchase the OnePlus One. Earlier this year it started allowing open sales every Tuesday, and now the phone will be freely available to buy any day of the week from the OnePlus website. The company said it's sold over 1 million of the phones since the launch a year ago and grown to over 700 employees. It's now preparing to launch its next device, the OnePlus Two smartphone, which will launch later this year, initially with invites too.
Tags: sales
phones
drops
sells
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