Telecoms tycoon seeks to buy out Vivendi from Numericable-SFR

Could clear the way for bid on smaller French rival Bouygues Telecom

Reuters

PARIS (Reuters) - Billionaire Patrick Drahi is aiming to buy Vivendi's 20 percent stake in Numericable-SFR to strengthen his grip on France's No.2 telecoms group and prepare for a possible next round of industry consolidation.

Drahi's holding company Altice and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi 3.9 billion euros ($4.5 billion), or 40 euros a share, for the media firm's stake.

Lockheed sees double-digit growth in cyber business

Serves 200 critical infrastructure firms globally in energy, oil and gas, chemical, finance and pharm

Reuters

WASHINGTON (Reuters) - Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.

Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.

Akamai revenue beats Street as security product sales swell

Demand jumped both for its security products and mainstay content delivery businesses

Reuters

(Reuters) - Akamai Technologies Inc's quarterly profit and revenue beat market estimates as demand jumped both for its security products and mainstay content delivery businesses.

Akamai shares shot up 5 percent in extended trading on Tuesday before shedding some gains after it issued a cautious forecast for the current quarter.

Revenue in Akamai's security business soared 24.7 percent to $239.7 million in the fourth quarter ended Dec. 31.

High-profile hacking incidents have dogged companies including Sony Corp, Target Corp and health insurer Anthem Inc in recent years.

Sprint says U.S. telecoms will invest despite stronger net neutrality

Stance contrasts with Comcast, Time Warner, Verizon, and AT&T

Reuters

SAN FRANCISCO (Reuters) - With its surprise endorsement of a stricter U.S. regulatory regime for Internet service providers, Sprint Corp wanted to show that tougher rules would not stop rival telecom players from investing, Chief Technology Officer Stephen Bye said in an interview.

"It's one of those topics that is highly charged, highly politicized and we took a step back and said it works in the interest of our customers, our consumers and the industry and we frankly found some of the arguments (of our competitors) to be less than compelling," Bye told Reuters this week.

Robust switching sales power strong quarter for Cisco

Q4 balance of growth across all of the company's geographies, products and segments

Reuters

(Reuters) - Network equipment maker Cisco Systems Inc reported stronger-than-expected quarterly revenue and profit as demand for switching equipment and routers helped make up for weak spending by the company's traditional telecom customers.

Cisco, which saw its shares rise 5.6 percent in extended trading on Wednesday, has been trying to make a transition toward a new cycle of high-end switches and routers.

""We executed very well in a tough environment, and I'd say our strategy is playing out like we expected," Chief Financial Officer Kelly Kramer told Reuters.

Why Telecoms Need a More Advanced and Strategic Service Assurance Capability

What features should a modern network operator implement to meet these new challenges?

Today’s telecom networks require service assurance systems that are far more interactive and responsive.

In the old circuit-based telephony world of 20 years ago, watching the status of a few thousand network nodes was the way to assure the health of a modestly-sized network.

Vodafone Egypt spending $1.25 billion on network upgrade

Investments to cover equipment, modernizing base stations and creating new coverage areas

Reuters

CAIRO (Reuters) - Vodafone Egypt plans to spend around 9.5 billion Egyptian pounds ($1.25 billion) on upgrading its network over the next three years to keep pace with demand for data services, its CEO said.

Vodafone Egypt, majority owned by British mobile operator Vodafone, is the leading communications player by customer numbers in the country of 90 million.

"Annual investments will represent more than 30 percent of annual revenues," Chief Executive Officer Ahmed Essam told Reuters in an interview.

Raytheon GPS ground program passes review, delays still possible

Report cites 3-year delay in the operational evaluation of the new ground system to early 2019

Reuters

WASHINGTON (Reuters) - A $1.6 billion ground control system being developed by Raytheon Co for Global Positioning System (GPS)satellites passed a Pentagon review, but will be monitored to ensure it stays on track, a senior Air Force official said on Friday.

Major General Roger Teague, director of space programs for the Air Force acquisition chief, told reporters a "deep dive" review Thursday by chief arms buyer Frank Kendall went well, but program officials and the contractor got "tough marching orders" to stick to schedule and cost targets.

Verizon to sell wireline operations, towers worth $15.6 billion

Continues doubling down on wireless while spending less on broadband

Reuters

SAN FRANCISCO (Reuters) - Verizon Communications said it would sell wireline assets to Frontier Communications for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.

The transaction is the latest in a series of non-core assets that Verizon has sold in recent months to reduce debt and raise cash for investments.

The Frontier sale is expected to close in the first half of next year and is subject to regulatory approval, the companies said.

SEC probes Blackberry options trading ahead of Reuters report about Samsung talks

Both companies deny they were in talks

Reuters

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.

One trade the SEC is looking at took place at 12:06 p.m. on that day, when there was a purchase of options with the rights to buy 200,000 shares of BlackBerry stock at a strike price of $10 a share, the person said.

Syndicate content