Windstream to buy Hosted Solutions for USD 130 mln cash

Windstream to buy Hosted Solutions for USD 130 mln cash
(Telecompaper) US fixed-line operator Windstream said it has entered into a definitive agreement with ABRY Partners to acquire Hosted Solutions for USD 310 million in cash. Hosted Solutions, based in Raleigh, North Carolina, is a regional data centre and managed hosting provider focused on enterprise-class Infrastructure as a Service (IaaS) systems (managed hosting, managed services, colocation, cloud computing and bandwidth) for SME customers as well as large enterprises. The company serves more than 600 customers and has 125 employees. The acquisition will give Windstream a total 12 data centres across the country. Windstream expects to finance the transaction with existing liquidity and expects to fully amortise the purchase price goodwill over 15 years, resulting in expected tax benefits with an estimated net present value of USD 52 million. Windstream estimates the transaction will be accretive to free cash flow in the first year following the closing after expected annual synergies of approximately USD 1.5 million in operating expense savings and excluding integration charges. The boards of both companies have approved the transaction, which is expected to close in Q4, subject to certain conditions.[Lees verder]

Alcatel to sign framework agreements with Chinese operators
(Telecompaper) Alcatel-Lucent announced three framework agreements valued in total at EUR 1.178 billion with China Mobile, China Telecom and China Unicom to provide network and application services and integration and maintenance services. The agreement valued at approximately EUR 530 million with China Mobile covers, among other elements, the company’s GSM and TD-SCDMA networking services, transmission equipment, IP routers and IP Multimedia Subsystem (IMS) platforms and professional services. The frame agreement with China Telecom valued at approximately EUR 343 million covers the company’s CDMA networking services, high-capacity fibre-based (xPON) and DSL access platforms, IP routers, transmission equipment and applications. The agreement with China Unicom valued at approximately EUR 305 million covers the company’s WCDMA and GSM networking services, high-capacity fibre-based (xPON) access platforms, IP routers, transmission equipment, managed services, femtocell services, services for the convergence of telecommunication, internet and TV broadcasting networks and 3G applications.[Lees verder]

Samsung to launch Galaxy Tab in Korea, expects 1 mln sales
(Telecompaper) Samsung Electronics will launch the Galaxy Tab, its tablet PC running on the Android OS, in South Korea, Yonhap News Agency reports. The seven-inch Galaxy Tab will be made available via South Korea’s mobile carrier SK Telecom next week, the company said in a statement. Samsung Electronics expects to sell more than 1 million units of the Galaxy Tab by the end of this year. Samsung Electronics has partnered with domestic companies in education, movie, music, entertainment and magazine sectors to offer content for the device. The Galaxy Tab will be the first in Samsung’s series of tablets to be introduced in various sizes next year, according to Samsung’s head of mobile communication Shin Jong-kyun. It is slated to be offered via 160 mobile operators around the world, including in the US this month.[Lees verder]

Business Secretary intervenes in News Corp, BSkyB takeover
(Telecompaper) Secretary of State for Business, Vince Cable, has issued an intervention notice on proposals by News Corp to acquire the British Sky Broadcasting shares that it does not already own. The intervention was made on the basis of the submissions and information that the Secretary of State has received regarding the proposals. It requires that Ofcom investigates the public interest consideration of media plurality that arises from News Corp’s proposal and submits a report by 31 December. Owing to the size of the acquisition, the EC will investigate the proposed acquisition on the grounds of competition and it will announce its own decision by 08 December. A further announcement will be made once the Secretary of State has considered Ofcom’s report where he will make a further decision on whether or not to refer the matter to the Competition Commission.[Lees verder]

Windstream to buy Hosted Solutions for USD 130 mln cash
(Telecompaper) US fixed-line operator Windstream said it has entered into a definitive agreement with ABRY Partners to acquire Hosted Solutions for USD 310 million in cash. Hosted Solutions, based in Raleigh, North Carolina, is a regional data centre and managed hosting provider focused on enterprise-class Infrastructure as a Service (IaaS) systems (managed hosting, managed services, colocation, cloud computing and bandwidth) for SME customers as well as large enterprises. The company serves more than 600 customers and has 125 employees. The acquisition will give Windstream a total 12 data centres across the country. Windstream expects to finance the transaction with existing liquidity and expects to fully amortise the purchase price goodwill over 15 years, resulting in expected tax benefits with an estimated net present value of USD 52 million. Windstream estimates the transaction will be accretive to free cash flow in the first year following the closing after expected annual synergies of approximately USD 1.5 million in operating expense savings and excluding integration charges. The boards of both companies have approved the transaction, which is expected to close in Q4, subject to certain conditions.[Lees verder]

Alcatel to sign framework agreements with Chinese operators
(Telecompaper) Alcatel-Lucent announced three framework agreements valued in total at EUR 1.178 billion with China Mobile, China Telecom and China Unicom to provide network and application services and integration and maintenance services. The agreement valued at approximately EUR 530 million with China Mobile covers, among other elements, the company’s GSM and TD-SCDMA networking services, transmission equipment, IP routers and IP Multimedia Subsystem (IMS) platforms and professional services. The frame agreement with China Telecom valued at approximately EUR 343 million covers the company’s CDMA networking services, high-capacity fibre-based (xPON) and DSL access platforms, IP routers, transmission equipment and applications. The agreement with China Unicom valued at approximately EUR 305 million covers the company’s WCDMA and GSM networking services, high-capacity fibre-based (xPON) access platforms, IP routers, transmission equipment, managed services, femtocell services, services for the convergence of telecommunication, internet and TV broadcasting networks and 3G applications.[Lees verder]

Samsung to launch Galaxy Tab in Korea, expects 1 mln sales
(Telecompaper) Samsung Electronics will launch the Galaxy Tab, its tablet PC running on the Android OS, in South Korea, Yonhap News Agency reports. The seven-inch Galaxy Tab will be made available via South Korea’s mobile carrier SK Telecom next week, the company said in a statement. Samsung Electronics expects to sell more than 1 million units of the Galaxy Tab by the end of this year. Samsung Electronics has partnered with domestic companies in education, movie, music, entertainment and magazine sectors to offer content for the device. The Galaxy Tab will be the first in Samsung’s series of tablets to be introduced in various sizes next year, according to Samsung’s head of mobile communication Shin Jong-kyun. It is slated to be offered via 160 mobile operators around the world, including in the US this month.[Lees verder]

Business Secretary intervenes in News Corp, BSkyB takeover
(Telecompaper) Secretary of State for Business, Vince Cable, has issued an intervention notice on proposals by News Corp to acquire the British Sky Broadcasting shares that it does not already own. The intervention was made on the basis of the submissions and information that the Secretary of State has received regarding the proposals. It requires that Ofcom investigates the public interest consideration of media plurality that arises from News Corp’s proposal and submits a report by 31 December. Owing to the size of the acquisition, the EC will investigate the proposed acquisition on the grounds of competition and it will announce its own decision by 08 December. A further announcement will be made once the Secretary of State has considered Ofcom’s report where he will make a further decision on whether or not to refer the matter to the Competition Commission.[Lees verder]

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