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Extreme Networks buys Aerohive Networks for USD 272 million
2019-06-26 13:38:00| Telecompaper Headlines
(Telecompaper) Extreme Networks has agreed to acquire Aerohive Networks for USD 272 million. The deal strengthens its portfolio in WLAN networks and cloud management and edge applications, as well as boosting subscription revenue.
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Dish close to deal for USD 6 bln in T-Mobile, Sprint assets - report
2019-06-19 08:44:00| Telecompaper Headlines
(Telecompaper) Dish Network is in talks to pay at least USD 6 billion for assets that T-Mobile US and Sprint are selling to win regulatory approval for their merger, people familiar with the matter told Bloomberg. Dish could announce a deal as soon as this week for assets including spectrum and Sprint's Boost Mobile brand, the report said.
Huawei sees US ban costing around USD 30 bln in revenues this year
2019-06-17 09:31:00| Telecompaper Headlines
(Telecompaper) Huawei expects the US ban on doing business with the company could take around USD 30 billion off sales this year. CEO Ren Zhengfei said at a meeting at the company's headquarters in Shenzen that Huawei had been hit harder than expected by the US government actions and lowered the sales outlook for this year and next, Reuters reports.
Corning to lift dividends by 10%, distribute USD 8-10 bln to shareholders in 2020-2023
2019-06-14 15:42:00| Telecompaper Headlines
(Telecompaper) Corning has unveiled its Strategy and Capital Allocation Framework for 2020-2023, with new targets for the future. The latest framework follows the one from 2016-2019, which Corning said will be met. CEO Wendell Weeks explained that, by the end of the year, Corning have returned over USD 12.5 billion to shareholders, while investing USD 11 billion towards extending its leadership and delivering growth. For the years to 2023, the company intends to lift dividends per share by at least 10 percent per year and to buy back shares; it will distribute USD 8-10 billion to shareholders and put about 10-12 billion into RD&E (research and development and engineering), capital and mergers, plus acquisitions. The focus will still go towards organic growth.
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Broadcom lowers FY guidance by USD 2 bln on export restrictions
2019-06-14 09:51:00| Telecompaper Headlines
(Telecompaper) Broadcom reported higher revenues but lower profit in the second quarter, and reduced its full year revenue outlook by USD 2 billion on "anticipated headwinds from wireless." CEO Hock Tan said demand is down on the back of continued geopolitical uncertainties and the effects of export restrictions at one of the company's largest companies. During a call with analysts, Tan noted that 4.3 percent of Broadcom's revenues for its fiscal year to November came from Huawei, or about USD 900 million, the Wall Street Journal reported.
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