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Xiaomi in talks to raise USD 1.5 bln in new funding - report
2014-11-07 09:29:00| Telecompaper Headlines
(Telecompaper) Xiaomi is in talks to raise USD 1.5 billion in new funding, the Financial Times reported, saying the capital would put the company's valuation at over USD 40 billion. The company is in talks with a number of investors including Russia's DST, but negotiations have not yet been finalised, sources familiar with the matter said. Xiaomi declined to comment on its fundraising plans.
C&W Communications buys Columbus Int'l for USD 1.85 bln
2014-11-06 09:38:00| Telecompaper Headlines
(Telecompaper) C&W Communications said it has agreed to acquire Columbus International, a privately-owned fibre services provider in the Caribbean, Central America and Andean region, for USD 1.85 billion. To help fund the acquisition, C&W is planning a share placement of 9.99 percent of its outstanding share capital. C&W said the acquisition will be earnings neutral in the first year after completion but materially enhance earnings thereafter. With Columbus on board, the group is now expected to achieve recurring annualised pre-tax cost synergies of around USD 85 million, delivered in full in the 2017-2018 financial year, and one-time capital expenditure synergies of USD 145 million in the first three financial years following completion, with additional revenue benefits. C&W added that it will, for the moment, maintain its existing dividend policy of 4 cents per CWC share. C&W said the deal is in line with the strategy it unveiled in May, where it said it wanted mobile leadership, improved fixed-mobile convergence, better TV offerings, and a strong B2B/B2G offering. The deal will also strengthen the management team. Based in Barbados, Columbus counts 700,000 residential customers in the regions where it operates. The company provides triple-play cable TV and broadband services as well as backhaul connectivity to 42 countries in the region, capacity and IT services.
Tags: communications
usd
columbus
buys
Argentina raises USD 2.23 bln in auction of 3G, 4G spectrum
2014-11-03 14:02:00| Telecompaper Headlines
(Telecompaper) The government of Argentina received offers of USD 2.23 billion in the tender for 4G spectrum. The offers exceed by 13.6 percent the base price of USD 1.96 billion. The country's telecoms ministry SeCom said that the 15-year licences will be awarded in November. The government offered 4G spectrum in both 700MHz and AWS (1.7-2.1GHz) bands. The government also offered additional 3G spectrum in the 850MHz and 1,900MHz bands. Argentine mobile operators Claro, Personal and Movistar are expected to provide 4G LTE coverage in all provincial capitals and in those cities with over 100,000 inhabitants in 2016. According to the bidding conditions, winning operators will have a maximum of 18 months to deploy LTE infrastructure in these cities.
Tags: argentina
usd
auction
spectrum
Radiation Detector Market To Generate $31.5B (USD) In 2019 Says Latest Report On ASDReports
2014-10-31 03:08:47| rfglobalnet News Articles
According to a new report now available on ASDReports, the market for radiation detectors will grow from $25.7B (USD) in 2014 to $31.5B in revenues in 2019. The report, analyzes and forecasts the potential for radiation detection equipment and continues the firm’s coverage that dates back to 2011.
Tags: report
latest
market
usd
New Call buys 70% stake in Nimbuzz for USD 175 mln
2014-10-28 08:55:00| Telecompaper Headlines
(Telecompaper) UK operator New Call Telecom has acquired a 70 percent stake in mobile messaging service provider Nimbuzz for USD 175 million. "We see huge potential for new revenue streams and very large expansion of broadband in India through this", Jerome Booth, New Call chairman told The Economic Times. Following the completion of the acquisition, Nimbuzz will become a unit of New Call Telecom and will continue to be headed by Nimbuzz CEO Vikas Saxena.
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