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TelOne seeks investors for USD 300 mln capitalisation
2020-07-21 09:34:00| Telecompaper Headlines
(Telecompaper) Zimbabwean operator TelOne says it is looking for investors to inject around USD 300 million into the recapitalisation of the business, The Herald reported. It has just concluded a network enhancement called the National Broadband Project, which was funded by a USD 98 million China Exim Bank loan facility. MD Chipo Mtasa said the projected recapitalisation would further capacitate TelOne's operations and service offerings.
Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone
2020-07-15 13:17:00| Telecompaper Headlines
(Telecompaper) Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online.
Analog Devices buys Maxim Integrated, creating company worth USD 68 bln
2020-07-13 17:09:00| Telecompaper Headlines
(Telecompaper) Chipmaker Analog Devices, based in Norwood, Massachusetts, has announced the acquisition of Maxim Integrated Products of California, in an all-stock transaction that values the combined company at over USD 68 billion. Both boards have approved the deal, which is expected to increase the breadth and scale of Analog across different and "attractive" end markets, the company said. Specifically, Analog said Maxim's applications-focused product offerings will complement its own catalogue of broad market products.
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usd
HPE to buy Silver Peak for USD 925 mln
2020-07-13 16:50:00| Telecompaper Headlines
(Telecompaper) HPE said it plans to acquire Silver Peak, which will become part of Aruba, in a transaction valued at USD 925 million.
Google to invest USD 10 bln into India Digitisation Fund
2020-07-13 14:49:00| Telecompaper Headlines
(Telecompaper) Google CEO Sundar Pichar has announced USD 10 billion Google for India Digitisation Fund, to boost India's digital economy. The CEO made the announcement at the sixth edition of the recently held Google for India (online) event.
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