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Jazz sells Pakistan tower business to Edotco for USD 940 million
2017-08-30 09:20:00| Telecompaper Headlines
(Telecompaper) Pakistan operator Jazz has signed an agreement for the sale of its tower business for USD 940 million to Tanzanite Tower, a company owned by Edotco Group and Dawood Hercules.
Tags: business
million
usd
jazz
Cisco to acquire software developer Springpath for USD 320 mln
2017-08-21 14:57:00| Telecompaper Headlines
(Telecompaper) Cisco has announced plans to acquire hyperconvergence software developer Springpath for USD 320 million in cash. California-based Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems, said Cisco. The purchase follows a long-standing strategic relationship between the companies culminating in the launch of HyperFlex, a fully integrated hyperconverged infrastructure system, in early 2016.
Tags: software
usd
developer
acquire
HTC slashes price of Vive virtual reality headset by USD 200
2017-08-21 10:44:00| Telecompaper Headlines
(Telecompaper) HTC has announced that it's reducing the price of its Vive virtual reality headset from USD 799 to USD 599 in a bid to compete with Facebook, which recently cut the price of its Oculus Rift headset to a permanent USD 499, or USD 399 in a temporary summer promotion. In a statement, HTC said it will also offer a free trial for its Viveport subscription service, where customers can choose up to five additional games a month, as well as copies of some of the most popular pieces of VR currently available, including Google's Tilt Brush, EverestVR and Richie's Plank Experience.
Tags: price
usd
virtual
reality
Apple sets USD 1 bln budget for original content - report
2017-08-16 14:57:00| Telecompaper Headlines
(Telecompaper) The figure of USD 1 billion is equal to around half what HBO spent on content last year. Apple Senior Vice President Eddy Cue is hoping to make high-quality video similar to HBO shows such as Game of Thrones, the report said.
Tags: content
report
original
sets
PCCW OTT secures USD 110 mln in funding from Hony, Foxconn, Temasek
2017-08-10 15:19:00| Telecompaper Headlines
(Telecompaper) PCCW Media has announced that its unit PCCW International OTT has attracted funding from Hony Capital, Foxconn Ventures and Temasek. The three new investors will own around 18 percent of the enlarged issued share capital of PCCW OTT for a total consideration of USD 110 million. PCCW Media will remain the controlling shareholder of PCCW OTT.
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