Financial

Zebra to acquire Motorola enterprise business for $3.45 billion

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 raises $50 million in financing round

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 to acquire CHCA in industrial internet push

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.

InfoBionic to commercialize cardiac-monitoring service with new funding

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.

Numericable agrees $18.5 billion takeover of Vivendi's SFR

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, RCOM form closer ties

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”.

EU Parliament votes to end roaming, protect 'net neutrality'

Reuters

The European Parliament voted to end mobile phone roaming fees by 2016 and barred telecoms operators from prioritizing some Internet traffic over others, moves that will cheer Europe's consumers and frustrate industry seeking new forms of revenue.

In a session in Brussels, lawmakers backed telecom reform legislation that will phase out roaming fees across the 28-country European Union by December 2015, bolster consumer protections on mobile and broadband contracts and seek to make the sale of mobile licenses more uniform across Europe.

Juniper to cut 6 percent jobs, focus on high growth businesses

Reuters

Network gear maker Juniper Networks Inc, which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.

Juniper (Sunnyvale, CA, USA) said most of the cuts would impact middle management positions and that it expected to incur cash charges of about $35 million in the first quarter, related to severance and other expenses.

The company had 9,483 full-time employees as of December 31.

Intel completes takeover of Basis Science

US semiconductor giant Intel says it has completed the takeover of wearable device maker Basis Science.

Basis (San Francisco, CA, USA) specializes in developing wearables for health and wellness applications, including its Basis band health tracker, and the acquisition will provide Intel (Santa Clara, CA, USA) with immediate exposure to this fast-growing sector.

AirStrip expands into remote monitoring with Sense4Baby buy

Mobile health player AirStrip has acquired Sense4Baby and said it will immediately seek FDA clearance to expand the company’s remote-monitoring service into the home.

Sense4Baby (La Jolla, CA, USA) has developed a wireless fetal monitoring system that can perform non-stress testing for high-risk pregnancies and has already received clearance from the US Food and Drug Administration and the European Commission to commercialize its medical device in clinical settings.

Syndicate content