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Ericsson to acquire Envivio for USD 125 million
2015-09-10 12:01:00| Telecompaper Headlines
(Telecompaper) Ericsson is expanding further in the broadcast sector with an agreed offer to acquire Envivio. Ericsson is offering USD 4.10 per share in cash, more than double Envivio's last closing share price, for a total price tag of USD 125 million. Ericsson said the acquisition will strengthen its position in video compression products, adding to its existing portfolio of media enrichment, processing, publishing, delivery and TV platforms for TV providers and broadcasters. Envidio specialises in software-based video encoding and counts a customer base of over 400 TV service provider and content owner customers around the world. Based in San Francisco, Envivio generated revenues of USD 43 million in 2014 and has a staff of approximately 200 employees worldwide. Top Envivio customers include Comcast, Cox Communications, Liberty Global, Sky, Telstra and Time Warner Cable. Its software for pay TV and TV Anywhere applications provides software-based video encoding/transcoding, processing, packaging and ad insertion. The software is available on Intel-based appliances or IT blade servers. Holders of 34 percent of Envivio's shares have already agreed to the takeover, and Ericsson expects the deal to close in Q4.
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Amazon to sell new 6-inch tablet for USD 50 - report
2015-09-08 09:04:00| Telecompaper Headlines
(Telecompaper) Amazon plans to release a 6-inch tablet costing only USD 50 in time for the holidays, people familiar with matter told the Wall Street Journal. At this price point, the new tablet will cost half as much as the current Fire HD 6-in tablet. The new product will have a mono speaker, rather than stereo, according to one of the persons. To keep costs low, much of the tablet's development was outsourced to Shanghai Huaqin Telecom Technology, Compal Communications and others. Neither would comment. Amazon will also launch 8-inch and 10-inch tablets this year.
Smile raises USD 365 mln to expand 4G in Africa
2015-09-08 08:37:00| Telecompaper Headlines
(Telecompaper) Smile Telecoms has raised USD 365 million of debt and equity financing to expand its 4G networks in Africa. Smile Telecoms, which is the parent company of Smile Communications Nigeria, said the funding would be used to expand Smile's existing LTE networks, including the roll-out of voice services by year-end. It will also launch its broadband network in the Democratic Republic of Congo early in 2016, adding to its current coverage in the 800MHz band in Nigeria, Tanzania and Uganda. The funding comprised USD 50 million of equity, raised from the Public Investment Corporation on behalf of the Government Employees Pension Fund. The funding also includes a USD 315 million multi-tranche, multi-jurisdictional debt facility led by Africa Export-Import Bank with participation from the Development Bank of Southern Africa, Diamond Bank, Ecobank Nigeria, the PIC, the Industrial Development Corporation of South Africa and Standard Chartered Bank. Under the terms, the funding will be used to accelerate national network roll-out, including equipment and services provided by Alcatel-Lucent and Ericsson, a full MPLS network, a London Point of Presence and expanded international backhaul services, and to fund operational expenditure and working capital.
Toyota puts USD 50 mln into artificial intelligence
2015-09-07 09:43:00| Telecompaper Headlines
(Telecompaper) Toyota will be investing USD 50 million into artificial intelligence and establish labs in partnership with Stanford and MIT, Recode reported. The company said it has hired DARPA official Gill Pratt to lead the new five-year effort to boost its artificial intelligence and autonomous driving efforts. Toyota officials downplayed concerns that they were trailing behind Google and other carmakers in autonomous driving and said the company already has some key technologies in place after spending 20 years working in the field. The company said that Google is focused on completely replacing the driver, while Toyota is looking at ways to take the load off the driver while maintaining the fun of the experience. MIT artificial intelligence lab director Daniela Rus said added intelligence could allow a car to tell when you are having a bad day and put on your favourite song, tell you when you need to pick up milk at the store or remind you when you haven't called your parents. It could even take over the driving on a straight stretch of road so you can concentrate on talking to them.Rus will run the joint work with Toyota at MIT, while Fei-Fei Li, head of the Stanford Artificial Intelligence Laboratory, will head up joint work at her campus.
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BlackBerry to buy Good Technology for USD 425 mln
2015-09-07 07:58:00| Telecompaper Headlines
(Telecompaper) BlackBerry has entered into a definitive agreement to acquire Good Technology for USD 425 million in cash. Good will bring complementary capabilities and technologies to BlackBerry, including secure applications and containerisation to protect end user privacy. Good has expertise in multi-OS management with 64 percent of activations from iOS devices, followed by a broad Android and Windows customer base. The Good Dynamics platform provides app-level encryption, advanced data loss prevention and secure communication between applications. With Good, BlackBerry will expand its presence with global enterprise and government customers. BlackBerry expects the transaction to be completed toward the end of the company's 2016 fiscal third quarter and is subject to customary closing conditions.
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