Join the key industry and finance leaders investing in telecommunications in Africa
The 6th TMT Finance & Investment Africa 2015 Conference takes place at the Millennium Hotel Mayfair, London on June 23, 2015.
PARIS/HELSINKI/STOCKHOLM (Reuters) - Nokia's acquisition of smaller rival Alcatel-Lucent may avoid the pitfalls that befell earlier telecom network equipment marriages, thanks to a revolution over the past decade in how products are launched and developed.
The brains and brawn of telecom networks today lie in software, which is programmable and flexible, and not in customized hardware as in the past. Products are more modular with open interfaces that allow equipment from different manufacturers to talk to each other.
(Reuters) - Network gear maker Arris Group Inc said it would buy British set-top box maker Pace Plc in a $2.1 billion cash-and-stock deal to expand its operations outside North America.
The deal, which involves the creation of a new company that will be incorporated in the UK, will help Arris reduce corporate taxes.
Arris said the deal will reduce its non-GAAP tax rate to about 26-28 percent. The company's tax rate was 36.8 percent in 2014.
MILAN/ROME (Reuters) - The state owner of Italy's Metroweb has rejected a proposal by Telecom Italia to take a stake in the broadband company and gradually reach full ownership, according to two people close to the matter and an email seen by Reuters.
The latest twist in long-running talks between Telecom Italia and state lender Cassa Depositi e Presititi (CDP) could favor Vodafone, which has also set its sight on the broadband firm.
HELSINKI/PARIS (Reuters) - Nokia will buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson.
The deal will redefine a sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei and ZTE.
(Reuters) - U.S. arms maker Raytheon Co is buying network security provider Websense Inc from private equity firm Vista Equity Partners LLC in a $1.9 billion deal, the latest in the fast-growing cybersecurity market.
Several companies, including Sony Corp, Staples Inc, Home Depot Inc and Target Corp, have been targets of high-profile data thefts over the past two years.
PARIS (Reuters) - Finland's Nokia Oyj is close to a deal to buy Alcatel-Lucent's mobile networks unit to boost its core business especially in the United States and China, Les Echos newspaper reported on Monday.
The French business daily said an announcement could come "quickly," citing a source close to the matter. The paper said meetings between managers at the two companies had increased since January.
Alcatel and Nokia declined to comment.
SINGAPORE (Reuters) - Singapore Telecommunications, Southeast Asia's largest telecommunications operator by revenue, is buying U.S.-based cyber-security firm Trustwave for $810 million, marking its biggest acquisition outside the main telecoms sector.
The deal comes as Singtel is moving away from being a pure-play telecoms company and pursues expansion in areas such as "digital life", which includes mobile video and digital advertising, and cyber security through partnerships with FireEye Inc and Akamai, among others.
(Reuters) - Sprint Corp has agreed to a $131 million settlement of a class-action lawsuit accusing the third-largest U.S. wireless carrier of defrauding investors about problems dating back to its $36 billion merger with Nextel Communications Inc in 2005.
The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary Forsee and other officials fraudulently inflated the company's stock and bond prices between October 2006 and February 2008.
(Reuters) - International Business Machines Corp said on Tuesday it will invest $3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data.
The Armonk, New York-based technology company said its services will be based remotely in the cloud, and offer companies ways to make use of the new and multiplying sources of data such as building sensors, smartphones and home appliances to enhance their own products.