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Crown Castle buys Sunesys for USD 1 bln
2015-04-30 12:41:00| Telecompaper Headlines
(Telecompaper) Crown Castle said it has agreed to acquire Quanta Fiber Networks (Sunesys) for USD 1.0 billion in cash, subject to a few limited adjustments. Sunesys, wholly owned by Quanta Services, is a fibre services provider with nearly 10,000 miles of fibre in major metropolitan markets across the US, including Los Angeles, Philadelphia, Chicago, Atlanta, Silicon Valley, and northern New Jersey. Around 60 percent of the fibre miles are located in the top ten basic trading areas (BTAs). The acquisition of Sunesys will more than double Crown Castle's fibre footprint available for small cell deployments and expand the company's presence in many of the top US metropolitan markets. Crown Castle currently owns or has rights to 7,000 miles of fibre supporting 14,000 nodes, which contribute 7 percent to site rental revenues and site rental gross margin. The figure will go to 16,000 miles of fibre after the acquisition.
Microsoft to boost cloud revenue to USD 20 bln by 2018 - CEO
2015-04-30 09:34:00| Telecompaper Headlines
(Telecompaper) Microsoft is looking to triple annual revenue from its cloud-computing businesses to USD 20 billion by the end of fiscal 2018, according to its CEO Satya Nadella. Speaking to analysts at the company's Financial Analyst Briefing, Nadella also forecast that Microsoft will have 1 billion Windows 10 devices on the market by 30 June 2018. In its quarterly earnings report issued last week, Microsoft said total revenues from its cloud ventures more than doubled to a USD 6.3 billion run rate, most of it coming from Office 365 and Windows Azure.
Tags: microsoft
usd
revenue
ceo
Apple expands capital return program to USD 200 bln
2015-04-28 18:38:00| Telecompaper Headlines
(Telecompaper) Apple's board of directors has authorised an increase of more than 50 percent to the company's program to return capital to shareholders. Under the expanded program, Apple plans to use a cumulative total of USD 200 billion of cash by the end of March 2017. As part of the revised program, the board has increased its share repurchase authorization to USD 140 billion from the USD 90 billion level announced in 2015. In addition, Apple expects to continue to net-share-settle vesting restricted stock units. The board has also approved an increase of 11 percent to the company's quarterly dividend, and has declared a dividend of USD 0.52 per share, payable on 14 May, 2015 to shareholders of record as of the close of business on 11 May. To assist in funding the program, Apple said it plans to continue to access the domestic and international debt markets.
Tags: return
program
capital
usd
Surfline gets USD 15 mln from DEG to expand LTE network
2015-04-28 15:36:00| Telecompaper Headlines
(Telecompaper) African mezzanine debt provider Vantage Capital has announced that Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and four other European investors are contributing approximately USD 60 million to Vantage's third fund. DEG's commitment to Fund III is USD 20 million. In addition, DEG is providing USD 15 million to a co-investment with Vantage in Ghanaian operator Surfline Communications. Vantage invested USD 15 million in Surfline from its second fund late last year.
Google commits USD 1 mln for Nepal, mourns executive
2015-04-27 09:12:00| Telecompaper Headlines
(Telecompaper) Google's Dan Fredinburg has died in an avalanche which was triggered by the earthquake that hit Nepal last week, TechCrunch reported. Fredinburg, who was on Mount Everest at the time, headed privacy for Google X and lead its product management team. The earthquake has already killed over 2,000 people in the region. Some 18 other climbers have been killed. Google's Crisis Response team has launched Person Finder for Nepal, and is working to get updated satellite imagery to aid in the recovery effort. Google.org has committed USD 1 million to earthquake relief efforts and will have gift-matching available soon.
Tags: google
executive
usd
nepal
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