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Avaya confirms takeover talks after disappointing Q1 results

2019-05-09 15:42:00| Telecompaper Headlines

(Telecompaper) Avaya has confirmed it's looking at possible takeover bids for the company after a number of expressions of interest. The company hired JP Morgan to assist in looking at the strategic options. The announcement came alongside results below expectations for its fiscal second quarter to March.

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Commscope confirms Arris takeover for USD 7.4 billion

2018-11-08 13:57:00| Telecompaper Headlines

(Telecompaper) Commscope has confirmed an agreement to acquire Arris for USD 7.4 billion including debt. The deal will more than double Commscope's annual revenues, strengthening its position in the wireless market with the takeover of Ruckus Networks and expanding its addressable market to the home gateway and video delivery markets. The Carlyle Group has agreed to invest USD 1 billion for a 16 percent stake in Commscope to help finance the acquisition.

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Vodafone confirms takeover of Cyta Hellas for EUR 118 million

2018-01-23 08:31:00| Telecompaper Headlines

(Telecompaper) Cyprus operator Cyta announced that Vodafone won the auction to acquire 100 percent of its Greek subsidiary, Cyta Hellas. Vodafone confirmed an agreement to buy the company for an enterprise value of EUR 118 million. The takeover still needs the approval of Greek regulator EETT.

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Marvell confirms Cavium takeover for USD 6 billion

2017-11-20 13:18:00| Telecompaper Headlines

(Telecompaper) Marvell Technology has confirmed an agreement to acquire Cavium for USD 6 billion, in a bid to relaunch the company in the networking market. If approved, Cavium shareholders will own around 25 percent of the combined group, which will have around USD 3.4 billion in annual sales.

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