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Liberty Global to buy Cable & Wireless for $5.3 bln in stock
2015-11-16 23:18:09| IT Services - Topix.net
International cable TV company Liberty Global says it is acquiring Cable & Wireless Communications, a London-based telecommunications company with operations in the Caribbean, for stock and a special dividend worth $5.3 billion. Liberty Global PLC, which is controlled by billionaire John Malone, said it would fold Cable & Wireless into its LiLAC business unit, which it spun off with a tracking stock in July.
Liberty Global to buy Cable & Wireless for $5.3 bln in stock
2015-11-16 22:38:05| Telecom - Topix.net
" International cable TV company Liberty Global says it is acquiring Cable & Wireless Communications, a London-based telecommunications company with operations in the Caribbean, for stock and a special dividend worth $5.3 billion. Liberty Global PLC, which is controlled by billionaire John Malone, said it would fold Cable & Wireless into its LiLAC business unit, which it spun off with a tracking stock in July.
African mobile subscriptions to pass 1 bln in 2016
2015-11-16 17:41:00| Telecompaper Headlines
(Telecompaper) The number of mobile broadband connections in Africa will reach 1 billion in 2020, up from 147 million at the end of 2014, according to new forecasts by Ovum. The rapid growth of mobile broadband in Africa over the next few years will be driven by factors such as the ongoing roll-out of 3G and 4G networks on the continent and the increasing affordability of smartphones and other data devices, the market researcher said. As a result, mobile broadband will account for an increasingly substantial share of the overall mobile market in Africa. Mobile broadband accounted for just 17 percent of the 884 million total mobile subscriptions in Africa at end-2014, but mobile broadband is forecast to make up 76 percent of the total of 1.32 billion mobile subscriptions in Africa at end-2020. The number of total mobile subscriptions in Africa is expected to cross the 1 billion mark during 2016. Ovum also expects Africa's fixed-broadband market to grow strongly, albeit from a low base, as operators on the continent step up their deployments of wireless and fibre networks for home and business broadband. The number of FTTH/B subscriptions in Africa will rise from about 166,000 at end-2014 to 1.2 million at end-2020, forecasts Ovum.
Tags: mobile
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african
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Telkom H1 EBITDA rises 15% to ZAR 5 bln
2015-11-16 09:01:00| Telecompaper Headlines
(Telecompaper) South African operator Telkom reported a 15.1 percent increase in its EBITDA for the first half ended 30 September to ZAR 5.04 billion, helped by a 2.3 percent fall in operating costs and smaller losses at its mobile business. Revenues rose 1.2 percent to ZAR 13.46 billion, led by the expansion in the mobile business, where service and subscription revenue increased 41 percent to ZAR 1.2 billion. Headline earnings per share, excluding one-off items, increased 13.9 percent to ZAR 2.81. Telkom said it continued with its efforts to transform the company and stabilise revenue. Operating revenue increased by 5.5 percent compared to the same period last year, spurred on by the continuing growth in the mobile business. Fixed line usage continues to decline, with fixed voice revenue decreasing by about 3 percent compared to the same period a year ago. Data connectivity revenue dropped by more than 5 percent, as more competitors moved to their own infrastructure and Telkom migrated customers from leased lines to new service offerings. Capital expenditure rose by 20 percent year-on-year to ZAR 2.34 billion, on the expansion of Telkom's mobile, fibre and LTE networks. The number of ADSL subscribers increased 4.2 percent to 1.012 million. Active mobile subscribers rose by 11.5 percent to 2.257 million and generated ARPU of ZAR 89.05. During the period, competition increased substantially while the economy remained soft. Telkom said it expects the market challenges to continue in H2, but it will continue with its focus on managing costs and expects the mobile business to be EBITDA positive by year end.
Toyota to invest USD 1 bln into AI, robotics
2015-11-09 11:13:00| Telecompaper Headlines
(Telecompaper) Toyota said it will make an initial investment of USD 1 billion over the next five years into the development of artificial intelligence and robotics with the establishment of a new research institute. The new Toyota Research Institute (TRI) R&D enterprise will have its headquarters in Silicon Valley near Stanford University in Palo Alto, California. A second facility will be located near the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts. The new company will begin operations in January. The USD 1 billion will go to the establishment and staffing of the facilities. It comes on top of the USD 50 million investment over the next five years with MIT and Stanford to establish joint fundamental artificial intelligence research centres at each university.
Tags: usd
toyota
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