Cisco announced it will acquire publicly-held BroadSoft, Inc., the global communication software and service provider headquartered in Gaithersburg, MD. Cisco will pay $55 per share, in cash, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board of directors of each company. "Together, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across every market segment," said Rowan Trollope, senior vice president and…

US regulator settles $17 million dispute with Verizon

Written on Thursday, 19 October 2017 08:13
The US Federal Communications Commission (FCC) announced a settlement with Verizon for possible violations of the FCC’s competitive bidding rules for the E-rate program, which provides discounts to assist most schools and libraries in the United States to obtain affordable internet access.  Verizon agreed to pay $17.68 million to resolve parallel investigations by the FCC and U.S. Department of Justice, $17.325 million of which will be repaid to the Universal Service Fund (USF).  Verizon has further agreed to withdraw any…

Qualcomm disagrees with Taiwan anti-competition fine

Written on Monday, 16 October 2017 08:19
Qualcomm announced that the Taiwan Fair Trade Commission (TFTC) has reached a decision in a TFTC investigation, stating in a press release that certain of the company’s business practices are in violation of Taiwanese competition law and imposing a fine of approximately $23.4 billion Taiwan dollars (approximately $773 million US dollars at current exchange rates). The TFTC claimed that “in spite of its monopoly in the baseband chip markets of cellular standards such as CDMA, WCDMA and LTE etc., [Qualcomm]…

HTC employees to join Google in $1.1bn cooperation deal

Written on Tuesday, 26 September 2017 08:35
Alphabet-owned Google announced a definitive agreement with HTC on Sept. 21 under which HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property. The transaction is subject to regulatory approvals and expected to close by early 2018. It represents a significant investment by Google in Taiwan…
Saudi Arabia’s second and third largest mobile operators, Etihad Etisalat (Mobily) and Zain Saudi Arabia have reportedly paid the first installments (30 percent of the total amount) for the acquisition of additional spectrum in the 1800MHz band. The new spectrum will be valid for fifteen years, after it goes into effect on January 1, 2018. Mobily paid SAR126.9 (US$33 million) for its first payment installment and Zain KSA paid SAR 253.8 million (US$68 million), before the deadline of September 11.…

Vodafone Germany to invest €2 billion in fixed infrastructure

Written on Tuesday, 19 September 2017 08:30
Vodafone Germany said it plans to invest €2 billion in its fixed infrastructure as it moves to deliver gigabit fiber broadband to 13.7 million customers. The company said it aims to finish the investment by 2021 and will focus on three segments in cooperation with partner companies in Germany. The network expansion and upgrade plays into Vodafone Germany’s aim to become a “leading converged communications operator” in the country. The operator said its enterprise-focused unit will bring fiber connectivity to…
Spain could increase its GDP by $48.5 billion, an additional 3.6 percent, by 2021, according to a report by Mobile World Capital Barcelona and Accenture Strategy called ‘Opportunity of the Digital Economy in Spain: How digitalization can speed up the Spanish economy’. Findings of the study, which analyzed the state of digital transformation in Spain and its opportunities for improvement, was presented at the 31st Meeting of Telecommunications and Digital Economy held in the Spanish city of Santander, on September…

China Telecom posts profits, but won’t pay dividend

Written on Sunday, 27 August 2017 12:23
Chinese mobile and fixed-line operator China Telecom posted positive interim results for 2017, with net profit increasing 7.4 percent to 12.54 billion yuan ($1.88 billion), compared with a net profit of 11.67 billion the previous year. But the company said it won’t pay an interim dividend this year to allow for funding flexibility. “Taking into consideration the Company’s profitability, cash flow level and the capital requirements for future development, the Board of Directors has decided not to pay an interim…

Telstra shares plunge after announcing dividend reduction

Written on Sunday, 27 August 2017 07:14
Telstra, Australia’s largest telecommunications company, saw its shares dive to a five-year low on August 17 after announcing it will reduce its dividend this financial year. The operator reported a 1 percent lift in its full year profits amidst tough competition, but attention quickly centered on the announced cut to its dividend from next year. The company says the cut to its dividend will help it create a battle fund so it can better fight new competitors in the market.…
Vodacom Group, part of Vodafone, announced that its proposed R35 billion (around US$2.6 billion) acquisition of an effective 35% stake in Kenya’s leading integrated communications company, Safaricom, has been finalized. All regulatory approvals and conditions precedent in both Kenya and South Africa have now been met. At a General Meeting held on 18 July 2017, shareholders overwhelmingly approved the proposed acquisition by Vodacom of an indirect interest of 34.94% in Safaricom Limited and the issue of 233 459 781 new…
Kuwait’s Zain Group reported a 5 percent decrease in revenues for the six months ended June 30 compared to the same period last year due to massive currency devaluation in Sudan, it said. The company ended the period serving 45.2 million customers across the Middle East and Africa. In Q2 2017, Zain Group recorded consolidated revenues of KD 261 million (US$ 860 million), down 5 percent compared to the same period in the previous year. EBITDA for the quarter reached…
German telecom giant Deutsche Telekom posted quarterly results showing core profits up 9 percent thanks to strength in the United States and modest increases in its home market. The company moved up its 2017 outlook for core profit to around €22.3 billion ($26.4) from a previous 22.2 €billion. T-Mobile US, the third largest mobile operator in the United States, contributed to Deutsche Telekom’s rise in profits, as it maintains a 64 percent stake in the company. T-Mobile recently said it…
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