iPhone maker Foxconn Technology Group said it plans to invest USD40 million in Pennsylvania for the development of robotics and a high-tech manufacturing facility for telecom and internet equipment.
Telecommunications
Coms PLC completes GBP9.5 million acquisition of Redstone
Telecommunications and information technology (IT) service provider Coms PLC announced that it has completed the acquisition of Redstone Converged Solutions Ltd in a deal valued at GBP9.5 million.
Orange nearing deal to exit Dominical Republic unit - sources
France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.
Shareholders pressure AT&T, Verizon and other companies over NSA spying activities
AT&T, Verizon Communications, and even tech companies like Google, Microsoft and Yahoo had been pushing for the US government to allow them to publish surveillance orders to appease shareholders in light of the revelations by NSA whistleblower Edward Snowden.
EU expected to give Microsoft a go-ahead for USD7.3 billion Nokia deal
Microsoft Corp. is set to secure a European Union (EU) approval for its proposed USD7.3 billion takeover of Nokia's mobile phone business. Regulators from various countries had already given the green light to the deal.
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The following bids, mergers, acquisitions and disposals were reported on Thursday including Omnicom, General Motors, Deutsche Telekom, Devon Energy and others
Deutsche Telekom announced on Thursday that it would be selling its 70 percent stake of Scout24 to the SF-based Hellman & Friendman group while still retaining a 30 percent stake. The deal is worth 2 billion EU.
Spanish telecom group, Telefonica, announced on Thursday that it was open to talks about mergers, acquisitions and deals to share its networks in Mexico in order to streamline its operations.
The following bids, mergers, acquisitions and disposals were reported on Wednesday including Telefonica Deutschland, Devon Energy, Metro AG, Devon Energy Corp and others
Telecom Italia expects to conclude the sale and lease back of its mobile towers in Italy and Brazil next year, its chief executive said on Wednesday, along with a separate sale of some digital broadcasting assets.
Three unnamed sources told Bloomberg that Deutsche Telekom AG was approaching to close the sale of its digital-classifieds business Scout24 Holding to Hellman & Friedman LLC for EUR2 billion or USD2.7 billion, including debt.
Sources told Bloomberg that the planned stock sale of India's top two mobile phone operator had postponed its original target completion this month, and was pushing for a stock sale next year.
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
