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Telia balks at USD 1.4 bln settlement in Uzbekistan probe
2016-09-15 08:43:00| Telecompaper Headlines
(Telecompaper) Telia has received proposed settlement from US and Dutch authorities over investigations into its activities in Uzbekistan that would cost the company around USD 1.4 billion (SEK 12 billion). The company has been under investigation since the spring of 2014 over suspected bribery in obtaining its licence in Uzbekistan. Telia said it received new information from the authorities with proposals on a settlement. The information did not go into much detail, but suggests a total settlement amount of approximately USD 1.4 billion for all investigations. Telia chairman Marie Ehrling said in a statement that the company was prepared to take full responsibility for the "unethical and wrongful way" in which it entered the Uzbekistan market. However, "our initial reaction to the proposal is that the amount is very high", she said. The company will consider the information from the Dutch and US prosecutors before decide how to proceed in negotiations.
Tags: usd
settlement
probe
uzbekistan
Amazon launches USD 90 quad-core Fire HD 8 tablet
2016-09-09 08:27:00| Telecompaper Headlines
(Telecompaper) Amazon has announced the launch of the latest tablet in its Fire range, promising faster performance together with access to the company's new voice-based assistant, Alexa. The Fire HD 8 has an 8-inch HD display, quad-core processor, 1.5 GB of RAM, stereo speakers with Dolby Audio, rear- and front-facing cameras as well as a claimed 12 hours of battery life (4,750 mAh). The USD 89.99 device comes with 16 GB of storage plus support for up to 200 GB more via a microSD card and runs Fire OS 5, the latest version of Amazon's Android-based, content focused mobile OS.
Tags: fire
amazon
usd
launches
Google to buy Apigee API management platform for USD 625 mln
2016-09-08 17:00:00| Telecompaper Headlines
(Telecompaper) Google has agreed to acquire Apigee, the developer of an API management platform, for USD 625 million. Google offered USD 17.40 per share for the company, a small premium on its last closing price. Pending approval from Apigee stockholders and regulators, the takeover is expected to close by the end of 2016.
Tags: buy
management
google
usd
Genesys to acquire Interactive Intelligence for USD 1.4 bln
2016-08-31 14:44:00| Telecompaper Headlines
(Telecompaper) Genesys has agreed to acquire the rival call centre platform developer Interactive Intelligence Group for USD 1.4 billion. Interactive Intelligence shareholders will receive USD 60.50 per share in cash, representing a premium of 36 percent on the share price on 28 July, the day prior to media reports that Interactive Intelligence was considering strategic alternatives. Genesys the two offer complementary product portfolios, and the combined group will be able to deliver customer service over any channel, in the cloud and on-premise, to businesses of any scale. Both cloud and on-premise product portfolios will continue to be supported and offered to the marketplace, with significant R&D investment across the full product portfolio, Genesys said.
Tags: usd
interactive
intelligence
acquire
Fridman's L1 invests USD 50 million in FreedomPop
2016-08-30 09:07:00| Telecompaper Headlines
(Telecompaper) LetterOne (L1), the international business of Russian investor Mikhail Fridman, is investing in FreedomPop, the US-based MVNO. L1 said it received clearance from the Committee on Foreign Investment in the United States (CFIUS) to complete its USD 50 million investment in FreedomPop. The mobile provider announced the investment round earlier this year, saying it would use the money to fuel its global expansion. FreedomPop, which offers a basic free mobile plans and bigger paid plans, launched in the UK and Spain this year and plans to open an additional eight markets by the end of next year.
Tags: million
usd
invests
freedompop
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