Payment processor Adyen says 2015 revs double, profits triple

Rival to Worldpay, PayPal and Square said transactions on its platform doubled to 50B euros

Reuters

FRANKFURT (Reuters) - Adyen, one of Europe's biggest fintech start-ups, said on Thursday that annual revenue doubled to around 330 million euros ($360 million) in 2015, leading profits to nearly triple to 40 million euros compared with a year ago.

The Dutch company, a rival to Worldpay, PayPal and Square said transaction volumes running via its payments platform doubled to 50 billion euros, resulting in a tripling of profits thanks to mounting economies of scale.

Slowing data center revenue growth dims Intel's profit beat

Quarterly profit overshadowed by slowing growth in its highly profitable data center business

Reuters

(Reuters) - Intel Corp's strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading.

Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of supplying chips for high-end servers.

Orange CEO says Bouygues merger would have to create value

The tie-up would reduce the number of mobile operators in France from four to three

Reuters

PARIS (Reuters) - Orange Chief Executive Stephane Richard said on Tuesday that a merger with rival French telecoms operator Bouygues would have to create value for the company and safeguard jobs in the sector.

Orange is in talks to buy Bouygues Telecom for about 10 billion euros ($10.9 bln) in cash and shares, in a deal which could see Bouygues receive a 15 percent stake in Orange valued at 8 billion euros, and the rest in cash.

Verizon launches auction to sell data centers - sources

Would mark reversal of strategy to expand hosting and colocation services after Terremark acquisition

Reuters

(Reuters) - Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business.

A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers.

Nokia to move swiftly after taking control of Alcatel-Lucent

Acquisition will put Nokia into a stronger position to compete with Ericsson and Huawei

Reuters

HELSINKI (Reuters) - Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would start to combine their operations next week.

The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei in a market for telecom network gear where limited growth and tough competition are pressuring prices.

Some Yahoo investors want to sell Internet business even if it triggers big tax bill

The IRS helped to kill off a previous Yahoo plan to spinoff its stake in Chinese ecommerce giant Alibaba

Reuters

Several major Yahoo Inc shareholders are so concerned the company's core Internet business could fall in value that they want it sold as soon as possible.

The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo's sports and news sites as well as its popular email service.

Reuters reviewed a letter sent to the Yahoo board by one major shareholder and spoke to people with knowledge of the views of others with significant stakes.

HARMAN to Acquire Towersec Automotive Cyber Security

Provides real-time, embedded software security to protect vehicles from hacking and intrusions

CES 2016

LAS VEGAS--(BUSINESS WIRE)--HARMAN (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today announced it is acquiring TowerSec, a global automotive cyber security company specializing in network protection for connected vehicles. TowerSec’s technology will be integrated into HARMAN’s 5+1 security architecture aimed at protecting the critical points of vulnerability in the connected and autonomous car, including hardware, network and Over The Air (OTA) updates.

Huawei Ships 108 Million Smartphones in 2015, Annual Revenue Exceeds $20B

In 2016, working with automaker GM, Volkswagen and PSA Peugeot Citroen, and enters smart home market

CES 2016

LAS VEGAS--(BUSINESS WIRE)--Today at CES 2016, Huawei announced strong business results and rapid year-over-year growth for Consumer Business Group (CBG). Huawei’s revenue exceeded $20 billion USD in 2015, nearly a 70 percent increase from 2014. Additionally, Huawei shipped 108 million smartphones in 2015 – a 44 percent increase from the previous year – becoming the leading Chinese smartphone manufacturer to top the 108 million milestone.

Huawei experiences growth in global markets while becoming the top smartphone brand in China

How a Boston private equity firm became a major fiber and data center player

A conversation with Gillis S. Cashman, managing partner, M/C Partners

Background

M/C Partners is a Boston-based communications-focused private equity firm, originally the media/communications arm of TA Associates and spun out in the mid-80s. The firm was an early investor in Western Wireless, Nextel, and a host of smaller wireless companies across the country. Its most recent big wireless deal helped to fund the initial build out of MetroPCS in 2001-2002.

Ericsson signs patent deal with Apple, shares soar

Broad agreement covers the latest 4G-LTE technology, as well as 2G and 3G, looks toward 5G

Reuters

STOCKHOLM (Reuters) - Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8 percent.

The deal ends a year-long dispute with Apple, one of the biggest legal battles in mobile technology and Ericson said it would pave the way for cooperation between the companies on future technologies.

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