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Qualcomm expects USD 4.5-4.7 billion from Apple settlement in Q3
2019-05-02 08:34:00| Telecompaper Headlines
(Telecompaper) Qualcomm said it expects to receive USD 4.5-4.7 billion in back revenues and payments from Apple as part of the recently announced settlement of their legal disputes from the past two years. The money will be booked in Qualcomm's fiscal third quarter to June, along with the first current royalties from Apple and its contract manufacturers. The announcement was made alongside better-than-expected Q2 results from Qualcomm, which also included a weak underlying outlook for the current quarter.
Tags: usd
apple
billion
settlement
Mitel makes USD 2.2-2.4 bln bid for Avaya - report
2019-04-26 11:49:00| Telecompaper Headlines
(Telecompaper) Mitel has made an offer for Avaya at USD 20-22 per share, or USD 2.2-2.4 billion, the Wall Street Journal reported, citing sources familiar with the matter. The deal could be announced next month, but could also not work out, the sources added. A combined company could better compete with Cisco, the report added.
SoftBank's HAPSMobile to invest USD 125 million in Alphabet's Loon
2019-04-25 07:12:00| Telecompaper Headlines
(Telecompaper) SoftBank's HAPSMobile and Alphabet's Loon have teamed up to advance the use of high altitude vehicles, such as balloons and unmanned aircraft systems (UAS), to bring connectivity to more people, places, and things worldwide. HAPSMobile will invest USD 125 million in Loon, and Loon has obtained the right to invest the same amount in HAPSMobile in the future. The companies are also exploring commercial collaborations to accelerate the deployment of high altitude network connectivity services, with a focus on expanding mobile internet penetration, enabling IoT applications, and assisting in the deployment of 5G.
Zoom prices IPO above range, raising USD 751 million
2019-04-18 09:15:00| Telecompaper Headlines
(Telecompaper) The enterprise videoconferencing specialist Zoom Video Communications has priced its initial public offering of shares, raising around USD 751 million. The issue was priced at USD 36 per share, above the indicated range of USD 33-35 per share, which was already increased from USD 27-32.
Tags: range
prices
million
usd
Hulu buys back AT&T's 9.5% stake for USD 1.43 bln
2019-04-16 09:04:00| Telecompaper Headlines
(Telecompaper) AT&T has sold its 9.5 percent minority stake in Hulu back to the US online TV service for USD 1.43 billion. The transaction values Hulu at USD 15 billion. The transaction will not require any approval, which means it was signed and closed. Hulu CEO Randy Freer said the company looked forward to collaborating still with AT&T in the future and that WarnerMedia will remain a "valued partner" for years to come. AT&T meanwhile said it will use the money raised from the sale, along with other planned sales of non-core assets, to reduce its debt.
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