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Intel to invest USD 350 mln in Costa Rica chip production
2020-12-14 12:10:00| Telecompaper Headlines
(Telecompaper) Intel has announced plans to invest a total of USD 350 million over the next 3 years to start microprocessor assembly and test operations in Costa Rica, a key part of chip production. The investment is expected to create over 200 new jobs in the upcoming months, with operations due to start in the second half of 2021, said the company, adding that Costa Rica is the first Latin American country site to perform such processes.
Tags: production
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CVC buys Myanmar's Irrawaddy Green Towers for reported USD 700 million
2020-12-11 14:20:00| Telecompaper Headlines
(Telecompaper) Private equity firm CVC Capital has agreed to buy Myanmar telecom tower company Irrawaddy Green Towers for USD 700 million, Reuters reported, citing sources familiar with the matter. "With CVC as a future shareholder, the company is poised for further growth and success for the benefit of the people of Myanmar", Irrawaddy chairman Georges Makhoul said in a statement to Reuters. The statement did not provide any financial details about the deal.
Tags: green
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FCC allocates USD 9.2 bln for rural broadband, including USD 886 million to SpaceX
2020-12-08 09:34:00| Telecompaper Headlines
(Telecompaper) The FCC has awarded USD 9.2 billion to companies who took part in an auction to bring broadband internet to rural areas in the US. A total of 180 bidders won auction support, to be distributed over the coming ten years. The goal is bring broadband with speeds of at least 100/20 Mbps to the areas.
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NortonLifeLock buys Avira for USD 360 million
2020-12-07 15:24:00| Telecompaper Headlines
(Telecompaper) The transaction is expected to increase earnings in the first year, adding about 3 points of growth to NortonLifeLock revenues with more than 1.5 million paying customers. The merger is also seen achieving a 50 percent operating margin after synergies.
Cisco buys IMImobile for USD 730 million
2020-12-07 09:43:00| Telecompaper Headlines
(Telecompaper) The acquisition has been recommended by IMImobile's board of directors but is still subject to other conditions. It should close in the first quarter of next year. When that takes place, the IMImobile team will join Cisco's Contact Center business unit, led by Omar Tawakol, the GM of Cisco Contact Center, part of the Cisco Collaboration business.
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