je.st
news
Tag: usd
Xiaomi to triple mobile services revenue to USD 1 bln - CEO
2015-04-27 09:00:00| Telecompaper Headlines
(Telecompaper) Xiaomi expects to triple its revenues from mobile services such as games and a payment application to nearly USD 1 billion this year, according to CEO Lei Jun. In an interview with the Wall Street Journal coinciding with the launch of Xiaomi's fitness band, Mi Band, Lei said the company was looking to Chinese internet giant Alibaba and mobile services firm Tencent Holdings as future competitors. "The ways that Tencent and Alibaba make money today are the ways that Xiaomi will make money in the future," he said. Last year the company made less than USD 300 million in revenue from services, said Lei, but total revenues this year are expected to come it at around USD 16 billion, with mobile services accounting for around 6 percent of that figure.
Tags: services
mobile
usd
revenue
Arris to acquire Pace for USD 2.1 billion
2015-04-23 02:52:00| Telecompaper Headlines
(Telecompaper) Arris and Pace jointly announced that they have agreed that Arris will acquire Pace for a total stock and cash consideration of USD 2.1 billion. The transaction will result in the formation of New Arris, which will be incorporated in the UK, and its operational and worldwide headquarters will be in Suwanee, Georgia. New Arris is expected to be listed on the Nasdaq stock exchange under the ticker ARRS. Each current share of Arris will be exchanged for one share in New Arris. Under the terms of the agreement, Pace shareholders will receive GBP 1.325 of cash and 0.1455 New Arris shares for each Pace share. The cash portion will be funded through a combination of cash and debt. Arris has secured a fully committed facility from Bank of America Merrill Lynch to meet the funding requirements. The proposed transaction has been approved by the respective Boards of Directors of Arris and Pace and is expected to close in late 2015. Arris Chairman and CEO, Bob Stanzione will be New Arris Chairman and CEO.
Tags: usd
billion
pace
acquire
Procera acquired by private equity fund for USD 240 mln
2015-04-22 13:46:00| Telecompaper Headlines
(Telecompaper) Subscriber experience specialist Procera Networks has been acquired by Francisco Partners Management for USD 240 million in cash. Under the terms of the definitive agreement, Francisco Partners will start a tender offer by 5 May to acquire all of Procera's outstanding shares for USD 11.50 per share in cash. Procera's board of directors has approved the transaction. Procera CEO James Brear said that deal will give it the resources and financial expertise needed to reach its next level of growth and to strengthen its competitive market position. Procera also announced preliminary results for the first quarter, saying it expects revenues at USD 19.5-20.5 million and a net operating loss. The company's full year guidance remains the same.
Arris, Charter to buy ActiveVideo for USD 135 mln
2015-04-14 13:19:00| Telecompaper Headlines
(Telecompaper) US cable operator Charter Communications formed a joint venture with equipment supplier Arris in order to buy the company ActiveVideo for USD 135 million. ActiveVideo's CloudTV platform helps TV service providers virtualise their customer premises equipment and deliver services such as user interface, online content and interactive ads from the cloud. Charter uses the platform to deliver its Spectrum Guide to customers, which is being rolled out on the Worldbox and other legacy set-top boxes in the Charter footprint. Arris will own 65 percent of the joint venture company and will be the sales channel for ActiveVideo's CloudTV platform. The company will market ActiveVideo to its existing portfolio of CPE customers, alongside its own cloud products. ActiveVideo's customer base already includes Cablevision, Liberty Global, Deutsche Telekom, Time Warner Cable, J:Com, Philips and Roku. Pending regulatory approval, the takeover is expected to close in Q2. Jeff Miller will continue to lead ActiveVideo as CEO.
USD enjoys boom in...
2015-04-12 07:06:26| Electronics - Topix.net
USD senior Troy Zawlacki, left, and Ming Huang, right, the Chairman of the Board for Mechanical Engineering, show some of the latest tooling equipment in the new Shiley-Marcos School of Engineering to board members David Padgett, center left, and Phillip Young, center right. - Peggy Peattie USD senior Troy Zawlacki, left, and Ming Huang, right, the Chairman of the Board for Mechanical Engineering, show some of the latest tooling equipment in the new Shiley-Marcos School of Engineering to board members David Padgett, center left, and Phillip Young, center right.
Sites : [120] [121] [122] [123] [124] [125] [126] [127] [128] [129] [130] [131] [132] [133] [134] [135] [136] [137] [138] [139] next »