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Disney buys 21st Century Fox for USD 52.4 bln in stock
2017-12-14 13:25:00| Telecompaper Headlines
(Telecompaper) The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses and the company's debt, for USD 52.4 billion in stock, subject to adjustment based on tax liabilities. The price implies a total transaction of USD 66.1 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders. Bob Iger will remain chairman and CEO of The Walt Disney Company through 2021. The acquisition is expected to yield at least USD 2 billion in cost savings from efficiencies realised through the combination of businesses.
Atos makes EUR 4.3 bln bid for Gemalto
2017-12-12 08:30:00| Telecompaper Headlines
(Telecompaper) Gemalto said it has received an unsolicited takeover bid from Atos worth EUR 46 per share in cash, which it will carefully review and consider. The offer was submitted on 28 November and will be valid until 15 December. Atos put the total bid price at EUR 4.3 billion, saying this represents a premium of 36 percent over Gemalto shares at close on 11 December and 42 percent over the company's one-month weighted average price. The company noted that the buy would be entirely financed through existing cash resources and fully committed external debt.
Orange expects investment to peak at EUR 7.4 bln in 2018, before declining from 2019
2017-12-07 10:45:00| Telecompaper Headlines
(Telecompaper) Orange reaffirmed the priorities outlined in the 'Essentiels2020' five-year strategy, launched in March 2015, and provided more detailed financial targets for the years to come at its Investor Day in London. The group said it plans to reach a peak investment spend of EUR 7.4 billion in 2018 and expects this to decline from 2019. It is guiding for adjusted EBITDA growth of around 2 percent in 2017, with an acceleration in 2018 and positive growth across 2019 and 2020.
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Global 5G subscriptions to hit 1 bln by 2023 - Ericsson
2017-11-28 11:45:00| Telecompaper Headlines
(Telecompaper) The number of 5G subscriptions worldwide is set to reach the 1 billion mark in 2023, by which time the technology will cover more than 20 percent of the world's population, according to the latest of Ericsson's semi-annual mobility reports. The first commercial networks based on 5G New Radio (NR) are expected to go live in dense urban areas sometime in 2019, with major deployments from 2020. Early 5G deployments are foreseen in several markets, including the US, South Korea, Japan and China, said Ericsson, adding that total mobile subscriptions are set to reach 9.1 billion at the end of 2023.
Tags: global
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ericsson
Marvell to buy Cavium for USD 6 bln - report
2017-11-20 09:16:00| Telecompaper Headlines
(Telecompaper) Market watchers said Marvell is trying to remake itself after a corporate scandal which led to the exit of its founders under pressure from activist investor Starboard. This would be the largest acquisition to date for Marvell. Cavium, a maker of network processors, is one of several companies trying to use ARM equipment to break Intel's hold on the server microprocessor market.
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