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Tag: bln
Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill
2018-12-11 16:32:00| Telecompaper Headlines
(Telecompaper) Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo.
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Tencent Music files again for USD 1.2 bln IPO
2018-12-04 10:01:00| Telecompaper Headlines
(Telecompaper) Tencent has relaunched the IPO of its music business unit, after postponing it due to recent stock market volatility. The company has sent a filing to the US Securities and Exchange Commission, saying it will offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, at USD 13-15 per ADS. The IPO could raise up to USD 1.2 billion.
US consumers streaming 8 bln hours a month on connected TVs - study
2018-11-30 14:00:00| Telecompaper Headlines
(Telecompaper) US consumers are collectively spending nearly 8 billion hours a month consuming content on connected TV devices such as Roku, Apple TV and Amazon Fire, according to a new study from Nielsen. Although traditional linear TV still accounts for the majority of viewers' time, more than two-thirds of US homes now have devices that are capable of streaming video content, converting the living room into a true multi-platform environment, said the report.
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Altice France agrees EUR 3.6 bln equity partnership to roll out FTTH network
2018-11-30 10:25:00| Telecompaper Headlines
(Telecompaper) Altice France has entered into an exclusivity agreement with a group of investors to sell a 49.99 percent stake in SFR FTTH, a new fibre venture that will bring fibre connectivity to 5 million French premises. Allianz Capital Partners (ACP), AXA Investment Managers and Canadian investment firm Omers Infrastructure will acquire the stake for a total cash consideration of EUR 1.8 billion, based on a EUR 3.6 billion equity value. SFR FTTH will sell access to its network as a wholesaler, pledging to offer the same terms to all operators, including Altice France's SFR business, with no minimum volume commitments.
Face ID specialist Finisar gets bought for USD 3.2 bln
2018-11-12 09:50:00| Telecompaper Headlines
(Telecompaper) Optical communications component company and Apple supplier Finisar has been bought by II-VI in a cash and stock deal valued at USD 3.2 billion, or around USD 26 per share. The merger has already been unanimously approved by the board of directors at Finisar, as well as of II-VI, which produces engineered materials as well as optical parts and systems.
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