Aqua Comms Limited ("Aqua Comms"), a provider of subsea capacity-based network has entered into an agreement with global private equity firm Cartesian Capital Group ("Cartesian"), for up to $75 million in equity capital to support global growth initiatives. The financing agreement immediately provides $50 million that Aqua Comms will use to further accelerate customer growth on its existing networks. In addition, Cartesian has committed to fund an additional $25 million of equity capital to be used to opportunistically accelerate expansion…
A report by ABI Research who help to make transformative technology decisions, predicts that 5G will generate massive revenue once it is up-and-running in 2025, expected to produce $247 billion revenue. According to the report, majority of the revenue will be fueled by users in North America, Western Europe and Asia Pacific. “5G will be a fast-growing cellular technology, most probably faster than preceding generations including 4G,” says Joe Hoffman, managing director and vice president at ABI Research. “The technology…
Deutsche Telekom posted a surge in first-quarter profits on the back of a divestment, while revenues also showed growth over the three months boosted by its US subsidiary. The German giant said net profit reached 3.1 billion euros (3.6 billion) for the three months ending March, four times more than a year ago, boosted by the sale to British Telecom of its stake in joint venture EE. Revenues also rose 5.0 percent to 17.6 billion euros, while underlying profit soared…
Like many other leading companies, Twitter recently released its first quarter financial earnings. Unfortunately, the results weren’t great. Although the social media giant has a good 130 million active users, the company reported revenues of $595 million, with Q1 GAAP diluted earnings per share of $0.12 and non-GAAP diluted earnings per share of $0.15. This is a big miss in terms of revenues, however slightly positive in terms of earnings per share. After the results were released, Twitter’s stock was…
Facebook Inc. released its Q1 financial results reporting a 50 percent revenue increase, soaring past Wall Street predictions thanks to its vastly popular mobile app and push into live video streaming, which has encouraged more advertisers and pushed existing advertisers to spend more. On Wednesday night (April 27) Facebook’s shares increased 9.5 percent in after-hours trading to $118.39, which set the company on track to open at a record new high the following day at almost triple its initial public…
American multinational conglomerate Alphabet Inc., created in 2015 as the parent company of Google, recently released its Q1 financial results which have been hotly anticipated. It appears the company was able to generate high amounts of revenue despite losing a large amount of money due to riskier ventures under the Alphabet umbrella. According to the results, Alphabet earned $20.3 billion in revenue which is a 17 percent increase Year-on-Year (YoY). In addition, the company earned a net income of $4.2…
Sprint Corporation (NYSE: S) entered into a transaction with several bankruptcy remote entities (collectively “Network LeaseCo”) for the sale and leaseback of certain existing network assets, which is expected to close next week and provide the company with $2.2 billion of funding. When closed, the transaction will immediately improve the company’s liquidity position at an attractive cost of capital in the mid-single digits. Bankruptcy-remote entities are special purpose vehicles that are limited to the acquisition and financing of specific assets…
Nokia has provided recast segment results for 2015 reflecting the company's new financial reporting and organizational structure, following the acquisition of Alcatel-Lucent. Nokia's organizational structure is intended to enable the company to create an innovation leader in next-generation technology and services. With state-of-the-art software, hardware and services for any type of network, Nokia is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives. To support Nokia's strategic objectives and reflect…
Saudi Telecom Company announced its preliminary financial results for the period ending at 31 March, 2016. Domestically, the 1st quarter witnessed revenue growth of 2.9% from domestic operations compared to same period last year. During the 1st quarter, FTTH customer base increased 39.5% compared to the same period last year, and 10.4% compared to the immediate previous quarter. In addition, fixed broadband customer base increased 17.5% compared to the same period last year, and 2.3% compared to the previous quarter.…
Following the excellent performance during 2015, Zain Saudi Arabia (Zain KSA) announced significant improvements in its financial results for the first quarter of 2016 ending March 31, 2016. Revenues grew by 7% in Q1, 2016 reaching USD 471 million compared with USD 442 million in Q1, 2015, also representing a 6% increase in revenues compared with USD 446 million for the fourth quarter of 2015. The company recorded a significant 28% increase in EBITDA to reach USD 119 million in…

Mitel buys Polycom for nearly $2 billion

Written on Monday, 18 April 2016 13:18
Canadian telecommunications and cloud computing host Mitel is buying US videoconferencing giant Polycom for nearly US$2 billion in cash and stock, the companies announced Friday. Polycom stockholders will receive US$3.12 in cash and 1.31 Mitel shares for each Polycom share, according to a statement. The merged company will operate under the Mitel name and be headquartered in Ottawa, but will also maintain the well-established Polycom brand. The deal, which still requires regulatory approval, is expected to close in the fall.…
Will Develop and Operate Large-Scale, Built-to-Suit, High-Performance Data Centers Standard Chartered Bank Principal Finance Real Estate (SCB) a unit of Standard Chartered PLC (LONDON: STAN), and Chayora Holdings Limited have reached agreement for SCB PFRE to become the lead institutional investor in Chayora, securing a strategic minority stake and providing equity funding for key Chayora’s data center development projects. The agreement involves a direct equity stake of up to 19.5% in Chayora Holdings Limited for the anchor data centers located…
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