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Juniper Bows to Elliott's Pressure, Plans $2 Billion Buyback
2014-02-21 05:38:02| Telecom - Topix.net
Juniper Networks Inc., bowing to pressure from activist hedge funds Elliott Management Corp. and Jana Partners LLC, announced plans to return at least $3 billion to shareholders and cut $160 million in expenses.
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$130 billion Vodafone, Verizon deal closes
2014-02-21 01:00:00| Total Telecom industry news
'This is a great day for Verizon,' says U.S. telco's CEO Lowell McAdam.
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Facebook acquires WhatsApp for $19 billion, in desperate attempt to stave off stagnation
2014-02-20 16:09:07| Extremetech
Late yesterday, Facebook acquired WhatsApp for the princely (and ludicrous) sum of $19 billion in cash and stock. This is one of the largest acquisitions in Silicon Valley history -- and yet, if you're American, you probably don't even know what WhatsApp is, let alone why it's worth $19 billion. In a sentence, WhatsApp replaces text messaging (SMS) -- and it has grown to 450 million monthly users in under five years. While a purchase price of $19 billion might seem like insanity, especially when compared to its $1 billion acquisition of Instagram, it's actually a savvy move to ensure that Facebook remains the world's predominant messaging platform.
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Canada 700 MHz auction raises CAD 5.3 billion
2014-02-20 08:36:00| Telecompaper Headlines
(Telecompaper) Canada has completed its auction of frequencies in the 700 MHz band, awarding 97 licences to eight companies for a total CAD 5.27 billion. The government said the results of the 22-day auction mean there will be at least four operators able to offer services in every region. Operators will also be able to expand LTE services to rural areas. The big winners of the auction were the existing mobile operators. Bell acquired 31 licences for CAD 566 million total, Telus bought 30 licences for CAD 1.143 billion and Rogers Communications took 22 licences for CAD 3.292 billion. Videotron also acquired seven licences for CAD 233 million, MTS acquired one licence for CAD 9 million, and SaskTel bought one block for CAD 8 million, focusing on their home regions of respectively Manitoba and Saskatchewan. Newcomer Bragg took four lots of spectrum for CAD 20 million, and Feenix took one for CAD 0.3 million. Two participants, TBayTel and Novus, did not acquire any spectrum, and one licence went unsold. Bidders have until 05 March to pay 20 percent of the spectrum fees, with the remainder due by 02 April. The next major auction in Canada will be the 2,500 MHz band, scheduled to begin in April 2015.
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Facebook to buy WhatsApp for USD 19 billion
2014-02-20 08:22:00| Telecompaper Headlines
(Telecompaper) Facebook has agreed to buy the mobile messaging app WhatsApp for USD 19 billion. Facebook will pay USD 4 billion in cash and USD 12 billion in Facebook shares, and WhatsApp's founders and employees will also receive USD 3 billion in options on Facebook shares after closing the deal. This will give WhatsApp shareholders and staff in total 7.9 percent of Facebook's outstanding shares. Facebook will keep the WhatsApp brand, and the company's founder Jan Koum will join Facebook's board of directors. Similar to Instagram, WhatsApp will be allowed to operate independently within Facebook, maintaining its headquarters in Mountain View, California. Facebook will also continue to offer its own Messenger app, which will continue as a standalone application.
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