iGen Networks has agreed a takeover of asset-tracking player Nimbo it says is aimed at extending its leadership position in M2M markets.
The cloud-computing company plans to issue 2.5 million shares of its common stock to secure full ownership of Nimbo (Murrieta, CA, USA), and is aiming to close the deal by the end of this month.
Nimbo offers what it calls consumer-safety solutions for the automotive and power sport industries and claims to have more than 10,000 asset activations to date.
VimpelCom has agreed the $2.64 billion sale of a 51% stake in its Algerian phone business to the country’s government, bringing to an end a protracted dispute between the two parties.
The deal to sell a majority stake in Djezzy (Algiers, Algeria) to the Algerian government will also allow VimpelCom (Moscow, Russia) to slash debt while retaining a substantial stake in the emerging-markets player.
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.
ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks.
Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based company said on Thursday.
Operating revenue rose 5.5 percent from a year earlier to 19.05 billion yuan.
Asset-tracking specialist Zebra Technologies has agreed a $3.45 billion takeover of Motorola’s enterprise business in a deal aimed at strengthening its portfolio of services for tracking internet-enabled devices.
Zebra (Lincolnshire, IL, USA) said it would fund the acquisition through $200 million of available cash on hand and $3.25 billion it will raise through a new credit facility and the issuance of debt securities.
Jasper Wireless has raised $50 million in a new round of financing led by Singapore’s Temasek.
The M2M platform provider says it will use the funding to expand its service, claiming that it now serves around 1,000 enterprise customers and has partnerships with 19 operators around the world.
“After nearly a decade partnering with enterprises and operators, we know one thing with absolute certainty: the Internet of Things is not about things, it is about service,” said Jahangir Mohammed, the founder and chief executive of Jasper (Mountain View, CA, USA).
GE Healthcare is to acquire analytics provider CHCA in a move it claims will lead to better outcomes for patients in operating rooms and further aid the development of its industrial internet strategy.
The company – a subsidiary of industrial giant GE (Fairfield, CT, USA) – did not disclose how much it is to pay for CHCA but said it expected to close the deal in the second quarter of the year.
Digital health player InfoBionic says it has raised a total of $17 million in a financing round led by Safeguard Scientifics, which will acquire “20% primary ownership” of InfoBionic as a result of the transaction.
InfoBionic (Lowell, MA, USA) is focused on developing patient monitoring services for chronic disease management and says the financing marks a “significant milestone” in its development, expansion and commercialization.
French cable operator Numericable has agreed a €13.5 billion ($18.5 billion) takeover of Vivendi’s SFR, beating off competition from communications rival Bouygues for the country’s second-biggest mobile operator.
The acquisition promises to radically alter the shape of the French telecoms market, putting Numericable (Paris, France) in control of mobile assets and giving it the opportunity to challenge telecoms incumbent Orange (Paris, France) in the market for bundled services that include fixed, broadband and mobile elements.
Reliance Jio Infocomm has announced another network-sharing deal with Reliance Communications (RCOM) in a further sign of improving relations between India’s Ambani brothers.
The so-called Master Service Agreement will give Reliance Jio (Mumbai, India) access to RCOM’s (Mumbai, India) nationwide inter-city fiber network, which it hopes will help to speed up its deployment of a 4G network across India.
Reliance Jio said the agreement was based on “arm’s length pricing at prevailing market prices”.