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Payments developer Adyen raises USD 250 mln
2014-12-16 15:59:00| Telecompaper Headlines
(Telecompaper) Payment technology developer Adyen has raised USD 250 million in new funding. The round was led by equity investor General Atlantic, with additional participation from Temasek, Index Ventures and Felicis Ventures. Adyen said it will use the new investment to accelerate growth, continue to expand its strong international presence and fuel global adoption of its platform, with particular emphasis in the North American and Asia Pacific markets. Adyen has designed and built a platform to support payments across any channel - online, mobile and in-store. It counts more than 3,500 customers globally, including four of the five largest US internet companies. These include Facebook, Spotify and Airbnb. The company manages transactions end-to-end through direct connections with all major credit card companies, and accepts more than 250 payment methods.
Tags: usd
payments
developer
raises
Thoma Bravo to take Riverbed private for USD 3.6 bln
2014-12-15 17:56:00| Telecompaper Headlines
(Telecompaper) Private equity firm Thoma Bravo has agreed to buy Riverbed Technology for USD 3.6 billion. The investor is working with Teachers' Private Capital, the private investor department of Ontario Teachers Pension Plan, on the acquisition. Riverbed stockholders will receive USD 21.00 per share in cash, or 12 percent more than the closing price the last trading day before the deal was announced. Riverbed's board approved the deal, after starting a strategic review of the company's financial options already in October under pressure from shareholders. The company said Thoma Bravo's support will help take the application performance specialist to the next level of growth. Riverbed CEO Jerry Kennelly will remain with the company in the same capacity. The sale is expected to close in the first half of 2015, subject to approval by Riverbed stockholders and regulatory approvals.
Natcom wins Nitel takeover with bid of USD 252 mln
2014-12-04 08:32:00| Telecompaper Headlines
(Telecompaper) The Natcom consortium has won the bidding to acquire Nigerian Telecommunications (Nitel) and its mobile unit Mtel with an offer of USD 252.5 million. The preferred bidder must still get the approval of the National Council on Privatisation (NCP) and be able pay the sum within a specified time to seal the deal, CommunicationsWeek reported. If all the conditions are met, the transaction would mark an end to years of attempts to privatize Nitel. The Nettag consortium, the other group qualified for the bidding, was disqualified for failure to enclose a bid bond stipulated by the Bureau of Public Enterprises. The government had initially rejected a USD 221 million bid from Natcom before the company increased the bid to USD 252 million. Natcom's shareholders include Natspace Telecommunication Investment, PCCW Global and Prime Union Investment. Other members of the consortium are Prime Union Investment, Olutoyl Estate Development & Services, Sahara Energy Resources, Legal Resources Alliance & Co and Ericsson Nigeria.
Allibaba applies for USD 8 bln senior note offering
2014-11-28 13:59:00| Telecompaper Headlines
(Telecompaper) Alibaba has applied to The Stock Exchange of Hong Kong Limited for the listing and offering of a total of USD 8 billion worth of senior notes. The company wants to list and deal in USD 300 million worth of senior notes due 2017, USD 1 billion worth of 1.625 percent senior notes due 2017, USD 2.25 billion worth of 2.500 percent senior notes due 2019, USD 1.5 billion worth of 3.125 percent senior notes due 2021, USD 2.25 billion worth of 3.600 percent senior notes due 2024 and USD 700 milion worth of 4.500 percent senior notes due 2034. The company has asked for permission to deal in the notes from 1 December.
Tags: note
senior
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usd
Mobile data roaming to generate USD 50 bln by 2019 - study
2014-11-21 10:03:00| Telecompaper Headlines
(Telecompaper) Mobile data roaming will bring in USD 50 billion in revenues by 2019, contributing as much as 56 percent to global roaming revenues, according to new research by Ovum. Europe will account for 46 percent of global roaming revenues this year, boosted by revenue growth coming from the EU. The revenue contribution from Asia is also increasing, particularly from Central & Southern Asia, which is expected to grow at a compound average growth rate (CAGR) of 12 percent by 2019. Mobile data will experience the fastest revenue growth over the next five years, and is expected to drive growth of roaming revenues as voice revenues begin to stagnate. The increasing penetration of smartphones and Sim-enabled tablets, along with the deployment of LTE networks, is driving the growth of mobile data usage. The report noted that roaming growth was still impeded by the cost of roaming services and the legacy of "bill shock".
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