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TPG sells Astound Broadband for USD 8.1 billion, including USD 4.5 billion worth of debt
2020-11-02 10:40:00| Telecompaper Headlines
(Telecompaper) Private equity firm Stonepeak Infrastructure Partners (Stonepeak) has agreed to buy Astound Broadband, the sixth largest US cable operator in the US, for USD 8.1 billion. TPG, another private equity firm, started looking for buyers for Astound earlier this fall. It acquired RCN and Grande for USD 2.25 billion in 2016 and a year later bought Wave Broadband in a USD 2.37 billion deal.
Marvell close to deal to buy Inphi for USD 10 billion - report
2020-10-29 08:44:00| Telecompaper Headlines
(Telecompaper) Marvell Technology is nearing a deal to acquire Inphi for as much as USD 10 billion, people familiar with the matter told the Wall Street Journal. An agreement could be announced as soon as 29 October, the report said.
FCC confirms USD 9 bln fund for rural 5G, auction delayed on need for better broadband maps
2020-10-28 09:28:00| Telecompaper Headlines
(Telecompaper) The US Federal Communications Commission has approved plans for a new 5G Fund for Rural America, with up to USD 9 billion in subsidies available to boost 5G coverage in outlying areas. However, the fund will not be available immediately, as the FCC decided to first improve how it collects broadband map data on unserved areas.
AMD agrees all-stock takeover of Xilinx for USD 35 billion
2020-10-27 13:32:00| Telecompaper Headlines
(Telecompaper) AMD is expanding in the infrastructure market with an agreement to acquire Xilinx in an all-stock transaction worth USD 35 billion. The takeover will expand the breadth of AMD's portfolio with new products to target the growing data centre segment, where rival Intel also has been expanding.
Ligado raises USD 3.85 bln for L-band plans
2020-10-26 08:56:00| Telecompaper Headlines
(Telecompaper) Ligado Networks said it has raised USD 3.85 billion in new capital, which it will use to develop a low-power terrestrial network in the L-Band for 5G and IoT services, and for mission-critical industries. The money was raised from new and existing investors led by JP Morgan Chase & Co. "Today is a great day,"Ligado CEO Doug Smith said. "We've secured our license, we've raised the necessary capital, and we're in a great position to work with the industry to get this spectrum deployed for 5G to support critical industries across the US," the CEO added.
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