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Intel confirms acquisition of Moovit for USD 900 million
2020-05-05 08:43:00| Telecompaper Headlines
(Telecompaper) Intel has confirmed the acquisition of mobility applications developer Moovit for USD 900 million, or USD 840 million net of Intel Capital's profit on its initial stake. Moovit is expected to add to Intel's ADAS business Mobileye and its plan to become a complete mobility provider.
Tags: million
usd
intel
acquisition
Ericsson exploring sale of Iconectiv unit for USD 1.5-2 bln - report
2020-05-04 09:20:00| Telecompaper Headlines
(Telecompaper) Ericsson is looking to sell its US call routing unit Iconectiv, Bloomberg reported, citing sources familiar with the matter. A sales advisor has been hired to help with the divestment, which has so far attracted a number of private equity firms. The unit is expected to bring in USD 1.5-2 billion.
Millicom withdraws from USD 570 mln acquisition of Telefonica Costa Rica
2020-05-04 08:29:00| Telecompaper Headlines
(Telecompaper) Millicom confirmed it has pulled out of a USD 570 million agreement to acquire Telefonica's mobile telecommunications assets in Costa Rica, paving the way for possible legal action from the Spanish operator. In a brief statement, Millicom said it exercised its right to terminate the Share Purchase Agreement (SPA) on the grounds that Telefonica had failed to secure "required regulatory approvals that were agreed by the parties and set forth in the SPA, certain of which have not yet been issued," without providing further details.
Tags: costa
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rica
acquisition
Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln
2020-04-22 08:57:00| Telecompaper Headlines
(Telecompaper) Facebook has agreed to invest INR 435.7 billion (approximately USD 5.7 billion) into India's Jio Platforms, the holding company of mobile operator Reliance Jio Infocomm. This investment gives Jio Platforms an enterprise value of INR 4.6 trillion (approximately USD 66 billion). Facebook's investment will translate into a 9.99 percent equity stake in Jio Platforms on a fully diluted basis.
Tags: usd
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platforms
facebook
Apple unveils new iPhone SE model for USD 399
2020-04-15 18:02:00| Telecompaper Headlines
(Telecompaper) Apple has revived its low-cost iPhone SE model in an attempt to shore up sales in the face of the looming economic slowdown and until it can get a 5G phone the market. Priced at USD 399, the new iPhone SE will start pre-sales on 17 April.
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