Communication platform MessageBird said on Thursday it raised $200 million, valuing the company at $3 billion, in a funding round led by venture capital firm Spark Capital. Investor interest in online business tools...
Ericsson to buy networking specialist Cradlepoint in $1.1 billion 5G deal
Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday, as part of plans to expand its 5G-related products for business...
Cisco awaits regulatory approval from China on Acacia takeover deal
Network gear maker Cisco Systems Inc and Acacia Communications Inc said on Wednesday China was yet to approve their proposed acquisition deal, already cleared by the United States, Germany and Austria. The acquisition...
Sweden’s Sinch to buy India’s ACL Mobile for $70 million
Fast-growing Swedish cloud computing services provider Sinch AB said on Monday it had agreed to buy Indian firm ACL Mobile for about $70 million (INR 5,350 million) in cash, its third large acquisition since the start...
Telstra to book $195 million Foxtel stake impairment charge on News Corp writedown
Australia’s Telstra Corporation said on Friday it expects to recognise an impairment charge of about A$300 million ($195.12 million) against its investment in a 35% stake in the Foxtel joint venture with Rupert...
Verizon snaps up Zoom rival BlueJeans for less than $500 million
Verizon Communications Inc on Thursday agreed to buy BlueJeans Network Inc, a rival of Zoom Video Communications Inc, for less than $500 million as it looks to tap into the new-found popularity of video-conferencing...
Telecom Italia holds out for control of single broadband network
Telecom Italia (TIM) expects to make decisive progress this year on plans to provide Italy with ultra-fast broadband, but it will never accept a minority stake in any unified network created by a tie-up with smaller...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
Tata Communications acquires Netherlands-based IoT company Teleena
Digital infrastructure company Tata Communications announced on Wednesday the acquisition of Netherlands-based Internet of Things (IoT) firm Teleena which specialises in connectivity and mobile virtual network...
Avaya India moves NCLT against Reliance Communications
Communications solutions provider Avaya India has moved the National Company Law Tribunal (NCLT) against Reliance CommunicationsBSE 1.69 % (Rcom) for recovery of Rs 7.5 crore. “Rcom has not paid dues for call centre...
Tata Communications board approves demerger of surplus land via HPIL
Tata Communications’ board on Wednesday approved proposal to demerge around 773 acres surplus land of government through special purpose vehicle firm Hemisphere Properties India Limited (HPIL). “…the broad of...
China’s Transsion picks up 80% stake in Spice Mobile
Chinese communications firm Transsion Holding has picked up 80% stake in Spice Mobile as it aims to garner a larger market share in the fiercely competitive Indian mobile handset market. “The brand Spice mobile was...
