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Cisco to buy OpenDNS for USD 635 mln
2015-06-30 17:49:00| Telecompaper Headlines
(Telecompaper) Cisco announced an agreement to acquire OpenDNS for USD 635 million in order to expand in the security market. Based in San Francisco, OpenDNS provides advanced threat protection for any type of device over a cloud-based platform. Under a SaaS model, OpenDNS' products can be integrated in the customer's defense architecture or incident response strategies. Cisco said OpenDNS' broad visibility and predictive threat intelligence helps IT administrators protect against security threats from unmonitored and potentially unsecure entry points into the network. The OpenDNS team will join the Cisco Security Business Group organization led by David Goeckeler, senior vice president and general manager. The purchase price includes equity awards and retention-based incentives for OpenDNS staff. The acquisition is expected to close in the first quarter of Cisco's fiscal year 2016.
Turkcell buys rest of Ukraine's Life:) for USD 100 mln
2015-06-29 11:46:00| Telecompaper Headlines
(Telecompaper) Turkcell announced an agreement to buy the rest of Ukraine mobile operator Life:) for USD 100 million from its local partner SCM Holdings. Turkcell will buy the remaining 44.96 percent in the Netherlands-based holding company Euroasia owned by SCM. Euroasia owns 100 percent of Astelit, which operates under the Life:) brand in Ukraine. In addition to buying the rest of Astelit, Turkcell is settling Astelit's debts with SCM and providing a guarantee for up to USD 66 million in bank credit for Astelit. The acquisition of Astelit marks Turkcell's first major expansion abroad and the company said it will use Ukraine as a pilot operation for possible further expansion in the region. Life:) is the third-largest mobile operator in Ukraine, with around 10.3 million active customers at the end of March. Following its launch of 3G services earlier this month, it already has 2.3 million customers on the UMTS network.
AT&T pledges USD 3 bln investment in Mexico
2015-06-26 08:37:00| Telecompaper Headlines
(Telecompaper) AT&T announced plans to invest USD 3 billion in Mexico by the end of 2018 in order to extend mobile broadband services. This follows the US operator spending USD 4.4 billion to acquire local mobile providers Iusacell and Nextel Mexico. AT&T CEO Randall Stephenson made the pledge in a meeting with Mexico's president Enrique Pena Nieto, where he praised the regulatory reforms in the country, opening up opportunities for investment. AT&T plans to create a 'North American Mobile Service Area', covering 400 million people in the US and Mexico with its mobile broadband network. AT&T said the first phase of its mobile network upgrade in Mexico will be complete in the next six months and cover 40 million Mexicans, about one-third of the population. By the end of 2016, AT&T expects its mobile internet service will reach 75 million people, nearly two-thirds of the population. AT&T plans to reach 100 million people by year-end 2018. Next month, AT&T will introduce new plans for Mexican customers to use their individual plans including voice, data and text messaging while in the US. Customers on these new plans will also be able to use their available minutes to call friends and family in the US who are on the AT&T network. AT&T will also introduce Google Play billing in Mexico and roll out its customer experience programme Nuestra Promesa (Our Promise).
Tags: mexico
investment
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FreedomPop raises USD 30 mln in new financing
2015-06-17 16:05:00| Telecompaper Headlines
(Telecompaper) US MVNO FreedomPop announced USD 30 million in Series B financing to support its expansion to new markets. The company said earlier this year that it was considering either being acquired or seeking new external financing. It now says it declined "multiple M&A offers" in favour of organic growth. The capital injection was led by Partech Ventures and, as part of the financing, Mark Menell, General Partner, will be joining the FreedomPop board of directors. Existing investors DCM Capital and Mangrove Capital also contributed to the latest round. In addition, a new strategic investor was added, but is not part of the initial tranche and will be announced separately. FreedomPop said that Partech, with offices in Berlin and Paris, will help support its planned launch in Europe. In addition to launching in new countries, FreedomPop said it plans to invest in distribution in the US, adding offline retailers as partners. With almost 1 million customers in the US, FreedomPop plans to launch in the UK later this summer and said it expects to "expand further into Europe later this year".
Tags: new
usd
financing
raises
Cisco to invest USD 10 bln in China in coming years
2015-06-17 09:06:00| Telecompaper Headlines
(Telecompaper) Cisco and its Chinese partners have launches a series of initiatives for the Chinese market. These initiatives seek to support local innovation, the country's ongoing transformation, as well as the growth of local economies and businesses. Cisco plans to invest over USD 10 billion over the next several years to support this strategy.
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