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Riverbed shareholder makes USD 3 bln takeover bid
2014-01-09 09:32:00| Telecompaper Headlines
(Telecompaper) Riverbed Technology announced that it has received an unsolicited takeover bid from Elliott Management worth USD 19.00 per share in cash. The company's board will review the offer before commenting further. The bid values Riverbed at just over USD 3 billion. Elliot already holds a 10.5 percent stake in the company and has been pushing Riverbed to review its strategy. In a letter to the company in November, it called the stock "significantly undervalued". Riverbed then started working with Goldman Sachs to study strategic options, people with knowledge of the situation told Bloomberg.
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Apple App Store tops USD 10 bln in sales in 2013
2014-01-07 16:19:00| Telecompaper Headlines
(Telecompaper) Apple announced that customers spent over USD 10 billion on its App Store in 2013, including over USD 1 billion in December alone. App Store customers downloaded almost three billion apps in December, making it the most successful month in the App Store's history. Apple said developers active on the store have now earned USD 15 billion. In total more than 1 million apps are available on the Apple store, to users of the iPhone, iPad and iPod touch in 155 countries around the world.
T-Mobile buys 700 MHz spectrum from Verizon for USD 2.4 bln
2014-01-06 13:44:00| Telecompaper Headlines
(Telecompaper) T-Mobile US has agreed to buy additional spectrum in the 700 MHz band from Verizon Wireless for USD 2.365 billion cash and a swap of other frequencies. Verizon will gain AWS and PCS spectrum worth around USD 950 million as part of the deal. T-Mobile already holds spectrum in the same 'A block' of the 700 MHz band in Boston and the deal with Verizon gives it the important low-band spectrum in nine of the top ten and 21 of the top 30 markets in the US. In total, T-Mobile will have low-band spectrum covering 158 million people, including New York, LA, Dallas, Houston, Philadelphia, Atlanta, Washington DC and Detroit. The company aims to deploy the new spectrum as early as the fourth quarter of 2014. Also, as part of the transaction, the two companies will realign spectrum blocks in certain markets, primarily in northern California and the Atlanta area. The agreements are subject to approval by the Federal Communications Commission and the Department of Justice and are expected to close in mid-2014.
AT&T offers T-Mobile customers USD 450 per line to switch
2014-01-03 17:09:00| Telecompaper Headlines
(Telecompaper) AT&T has announced it is offering T-Mobile customers USD 450 per line when they switch to AT&T and trade in an eligible smartphone. Beginning 3 January, under the limited-time offer, T-Mobile customers who switch to AT&T can trade-in their current smartphone for a promotion card of up to USD 250, which can be used toward AT&T products and services. Trade-in values vary based on make, model and age of the smartphone. T-Mobile customers can receive an additional USD 200 credit per line when they transfer their mobile service to AT&T and choose an AT&T Next plan and buy a device at full retail price or activate a device they currently own. T-Mobile said in a response that the AT&T offer must be the result of a "terrible" Q4 and holiday season. "I'm flattered that we have made them so uncomfortable," said T-Mobile CEO John Legere in a statement. He noted the company used the money received from AT&T after its failed takeover of T-Mobile to help develop its "superior" network and new offers. "Consumers won't be fooled...nothing has changed; customers will still feel the same old pain that AT&T is famous for," he said, adding that the operator will unveil new offers at CES in the coming week.
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ReadSoft Signs Agreement with Leading Hardware Chain Worth 330,000 USD
2014-01-03 06:00:00| Industrial Newsroom - All News for Today
A multinational hardware company that prides itself on being local to the community has entered into an agreement with ReadSoft North America to streamline its accounts payable workflow with ReadSoft’s SAP®-certified process automation solution. The deal is worth 330,000 USD and was signed in the fourth quarter 2013.<br /> <br /> Given the high volume ordering of goods for its retail stores, managing a manual process had become time-consuming and burdensome for the neighborhood hardware ...This story is related to the following:Order Processing Software | Industrial Automation Software
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