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Canada's Mitel to acquire Polycom for USD 1.96 bln
2016-04-15 13:58:00| Telecompaper Headlines
(Telecompaper) Canadian business cloud and mobile communications company Mitel Networks has announced a deal to acquire Polycom, a US-based provider of video, voice and content collaboration products, for a total of USD 1.96 billion. Under the terms of the deal, Polycom stockholders will get USD 3.12 in cash and 1.31 Mitel shares for each of their shares, said Mitel, adding that the aim is to combine Mitel's global communications expertise with Polycom's well-known brand and portfolio in the conference and video collaboration market to create a company with EUR 2.5 billion in annual revenues.
Alibaba buys controlling stake in Lazada for USD 1 bln
2016-04-12 08:43:00| Telecompaper Headlines
(Telecompaper) Alibaba has agreed to acquire a controlling stake in Indonesian online retailer Lazada for about USD 1 billion. Alibaba said it will pay USD 500 million for new shares in Lazada and also purchase stock from existing investors. Lazada is currently controlled by Rocket Internet.
Tags: usd
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alibaba
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Telenor mulls India ops sale for USD 1.8 bln - report
2016-04-11 13:59:00| Telecompaper Headlines
(Telecompaper) Telenor plans to sell its telecom operations in India. The operator is looking for a valuation ranging between USD 1.6 billion and USD 1.8 billion (approximately INR 110 120 billion), The Economic Times reports, citing two unnamed people familiar with the matter. However, market experts claim Telenor may at best be able to get around USD 1 billion (INR 68 billion), with spectrum being the main saleable asset. A Telenor spokesperson declined to comment.
Brocade to acquire Ruckus Wireless for USD 1.5 billion
2016-04-04 15:19:00| Telecompaper Headlines
(Telecompaper) Brocade Communications has announced an agreement to acquire Wi-Fi equipment maker Ruckus Wireless in a cash and stocks deal worth around USD 1.5 billion. In a joint statement, Brocade and Ruckus said the transaction had been approved by both companies' boards of directors and Ruckus shareholders will receive USD 6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. Brocade said the acquisition will serve to complement its enterprise networking portfolio, allowing it to build a networking company for the digital transformation era. "The combination of Brocade and Ruckus creates a new type of pure-play networking company, with solutions spanning from the heart of the data centre to the wireless network edge," said Brocade.
Tags: wireless
usd
billion
acquire
Blackberry revenues drop to USD 464 mln on write-downs
2016-04-01 18:26:00| Telecompaper Headlines
(Telecompaper) Blackberry revenues for the fourth quarter fell to USD 464 million from 660 million the year before, pulled down by write-downs associated with recent acquisitions. The net result sank to a loss of USD 238 million or USD 0.45 per share, from a gain of 28 million or 0.05 per share, reflecting negative one-offs and amortisation, as well as pre-tax charges of USD 192 million related to restructuring and acquisition costs.
Tags: drop
usd
revenues
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