Broadcom to acquire Beceem Communications

Broadcom to acquire Beceem Communications
(Telecompaper) Chipmaker Broadcom has signed an agreement to acquire mobile Wimax chip provider Beceem Communications. When combined with Broadcom’s 3G/2G mobile products, wireless LAN, Bluetooth, GPS, Ethernet switching and other associated IP, Beceem’s Wimax technology will enable the combined customers to enhance the market availability of integrated Wimax broadband devices. Broadcom expects to pay approximately USD 316 million, net of cash assumed, to acquire all of the outstanding shares and other equity rights of Beceem. The purchase price will be paid in cash, except that portion attributable to unvested employee stock options will be paid in stock options exercisable for shares of Broadcom’s stock. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Beceem to be neutral to earnings in 2011. The boards of directors of the two companies have approved the merger. The transaction is expected to close in the fourth quarter this year or by the end of the first quarter 2011.[Lees verder]

AOL, private equity firms mull bid for Yahoo – report
(Telecompaper) AOL and several private-equity firms could team up to make a bid for Yahoo, the Wall Street Journal reported, citing people familiar with the matter. Silver Lake Partners and Blackstone are among the companies that have expressed interest in teaming up with AOL to buy Yahoo or trying to take it private on their own, the people said, adding that two or three other firms could be interested in participating if a formal buyout proposal is drawn up. The sources cautioned that talks are vey much in a preliminary stage and do not yet involve Yahoo. The conversations may not lead to an approach given the complexities in structuring a proposal, the people said. One of the scenarios under discussion is a deal in which China’s Alibaba would buy back Yahoo’s 40 percent stake in Alibaba. Some of Yahoo’s other assets would also be sold off to interested media or tech companies, and the remaining company would be of a much smaller valuation that private-equity firms could get financing for. Another scenario involves AOL combining its operations with Yahoo in a reverse merger after Yahoo disposes of the Alibaba stake. It is unclear if the resulting entity would be listed publicly. Alibaba chief executive Jack Ma has expressed interest in repurchasing Yahoo’s stake in his company, which analysts value at about USD 10 billion. Separately, AOL chief executive Tim Armstrong has also talked privately about the idea that Yahoo could buy AOL, according to a person familiar with the matter. Another person familiar with the matter said private-equity firms may also look to partner with media companies to buy Yahoo.[Lees verder]

Partner to buy 012 Smile for ILS 1.5 bln
(Telecompaper) Ampal-American Israel Corporation (Ampal) announced that its subsidiary Merhav-Ampal Energy has agreed to sell 012 Smile Telecom to Partner Communications for about ILS 692 million (USD 191 million). As part of the transaction, Partner has also agreed to assume about ILS 800 million of long-term debt, which brings the total transaction value to ILS 1.492 billion. The takeover gives a boost to Partner’s recent move into the fixed-line market. 012 Smile is an Israeli operator providing local and international voice, internet and VoIP services; the company is estimated to provide Partner with a mid-term EBITDA contribution of ILS 350 million. The transaction, which is expected to close in 2-3 months, is subject to customary closing conditions, including the regulatory approvals of the Israeli Ministry of Communications and the Israeli Antitrust Commissioner.[Lees verder]

Vodafone Essar picks Nokia Siemens Networks for 3G network
(Telecompaper) Indian operator Vodafone Essar has selected Nokia Siemens Networks to supply, implement and manage its 3G network in six of the nine circles where the operator has licences. The nine circles include Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh East, rest of West Bengal and Haryana. Nokia Siemens will supply to Vodafone its radio and core network technology and also provide related services including network planning and project management to enable 3G network implementation. Nokia Siemens will also operate the 3G network for three years under a managed services contract. It will use its own NetAct network management system to monitor the network. No financial details of the contract were released.[Lees verder]

Netgem confirms talks to buy Pirelli Broadband
(Telecompaper) French set-top box maker Netgem confirmed it is evaluating an acquisition of Pirelli Broadband Solutions. The company said it’s in non-exclusive talks with Pirelli on the deal. No terms of the transaction were released. The statement follows a report from Reuters that Pirelli has three potential buyers for the unit and could complete an agreement by the end of this month. A source familiar with the matter said that Switzerland’s Adb, German fund Aurelius and Netgem are the finalists to buy Pirelli Broadband Solutions. The unit is worth an estimated EUR 35-40 million.[Lees verder]

Broadcom to acquire Beceem Communications
(Telecompaper) Chipmaker Broadcom has signed an agreement to acquire mobile Wimax chip provider Beceem Communications. When combined with Broadcom’s 3G/2G mobile products, wireless LAN, Bluetooth, GPS, Ethernet switching and other associated IP, Beceem’s Wimax technology will enable the combined customers to enhance the market availability of integrated Wimax broadband devices. Broadcom expects to pay approximately USD 316 million, net of cash assumed, to acquire all of the outstanding shares and other equity rights of Beceem. The purchase price will be paid in cash, except that portion attributable to unvested employee stock options will be paid in stock options exercisable for shares of Broadcom’s stock. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Beceem to be neutral to earnings in 2011. The boards of directors of the two companies have approved the merger. The transaction is expected to close in the fourth quarter this year or by the end of the first quarter 2011.[Lees verder]

AOL, private equity firms mull bid for Yahoo – report
(Telecompaper) AOL and several private-equity firms could team up to make a bid for Yahoo, the Wall Street Journal reported, citing people familiar with the matter. Silver Lake Partners and Blackstone are among the companies that have expressed interest in teaming up with AOL to buy Yahoo or trying to take it private on their own, the people said, adding that two or three other firms could be interested in participating if a formal buyout proposal is drawn up. The sources cautioned that talks are vey much in a preliminary stage and do not yet involve Yahoo. The conversations may not lead to an approach given the complexities in structuring a proposal, the people said. One of the scenarios under discussion is a deal in which China’s Alibaba would buy back Yahoo’s 40 percent stake in Alibaba. Some of Yahoo’s other assets would also be sold off to interested media or tech companies, and the remaining company would be of a much smaller valuation that private-equity firms could get financing for. Another scenario involves AOL combining its operations with Yahoo in a reverse merger after Yahoo disposes of the Alibaba stake. It is unclear if the resulting entity would be listed publicly. Alibaba chief executive Jack Ma has expressed interest in repurchasing Yahoo’s stake in his company, which analysts value at about USD 10 billion. Separately, AOL chief executive Tim Armstrong has also talked privately about the idea that Yahoo could buy AOL, according to a person familiar with the matter. Another person familiar with the matter said private-equity firms may also look to partner with media companies to buy Yahoo.[Lees verder]

Partner to buy 012 Smile for ILS 1.5 bln
(Telecompaper) Ampal-American Israel Corporation (Ampal) announced that its subsidiary Merhav-Ampal Energy has agreed to sell 012 Smile Telecom to Partner Communications for about ILS 692 million (USD 191 million). As part of the transaction, Partner has also agreed to assume about ILS 800 million of long-term debt, which brings the total transaction value to ILS 1.492 billion. The takeover gives a boost to Partner’s recent move into the fixed-line market. 012 Smile is an Israeli operator providing local and international voice, internet and VoIP services; the company is estimated to provide Partner with a mid-term EBITDA contribution of ILS 350 million. The transaction, which is expected to close in 2-3 months, is subject to customary closing conditions, including the regulatory approvals of the Israeli Ministry of Communications and the Israeli Antitrust Commissioner.[Lees verder]

Vodafone Essar picks Nokia Siemens Networks for 3G network
(Telecompaper) Indian operator Vodafone Essar has selected Nokia Siemens Networks to supply, implement and manage its 3G network in six of the nine circles where the operator has licences. The nine circles include Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh East, rest of West Bengal and Haryana. Nokia Siemens will supply to Vodafone its radio and core network technology and also provide related services including network planning and project management to enable 3G network implementation. Nokia Siemens will also operate the 3G network for three years under a managed services contract. It will use its own NetAct network management system to monitor the network. No financial details of the contract were released.[Lees verder]

Netgem confirms talks to buy Pirelli Broadband
(Telecompaper) French set-top box maker Netgem confirmed it is evaluating an acquisition of Pirelli Broadband Solutions. The company said it’s in non-exclusive talks with Pirelli on the deal. No terms of the transaction were released. The statement follows a report from Reuters that Pirelli has three potential buyers for the unit and could complete an agreement by the end of this month. A source familiar with the matter said that Switzerland’s Adb, German fund Aurelius and Netgem are the finalists to buy Pirelli Broadband Solutions. The unit is worth an estimated EUR 35-40 million.[Lees verder]

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