WHAT THE OTHER PAPERS SAY THIS MORNING August 23, 2010 FINANCIAL TIMES COMPANIES NOW TURN TO PRIVATE PLACEMENTS FOR FUNDING Private placement deals – whereby companies tap investors directly for loans – are on track for one of their strongest years, highlighting the extent to which companies are seeking to diversify their funding sources away from banks. Companies tapped the market for $27.4bn in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 23, 2010 FINANCIAL TIMES COMPANIES NOW TURN TO PRIVATE PLACEMENTS FOR FUNDING Private placement deals – whereby companies tap investors directly for loans – are on track for one of their strongest years, highlighting the extent to which companies are seeking to diversify their funding sources away from banks. Companies tapped the market for $27.4bn in the [...]
China’s ZTE wins Hungary deal August 23, 2010 China’s ZTE Corp has won a major contract to roll out a 4G mobile network in Hungary in a coup for the Chinese telecoms industry. The deal with Telenor, valued at €200m (£163m), represents a thawing of the mistrust surrounding Chinese technology firms. As early as this month ZTE saw the Indian government block purchase [...]
Nokia Siemens buys Motorola network in $1.2bn purchase July 19, 2010 Nokia Siemens Networks will buy Motorola’s telecom network equipment business for $1.2bn (£789m), getting a stronghold in the North American market and taking the number two position in the cut-throat mobile gear market. Nokia Siemens Networks – a 50-50 joint venture between Nokia and Siemens – has struggled to make a profit in the $82bn [...]
Nokia Siemens to buy Motorola unit for $1.2bn July 19, 2010 NOKIA Siemens Networks will buy Motorola’s telecom network equipment business for $1.2bn (£784.8m), getting a stronghold in the North American market and taking No 2 position in the mobile market. Nokia Siemens Networks – a 50-50 joint venture of Nokia and Siemens – has struggled to make a profit in the $82bn market, which was [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 22, 2010 FINANCIAL TIMES TARGETFOLLOW SEEKS MPS’ HELP The owner of a large property portfolio that includes the Centre Point tower in London has enlisted the help of his local MPs to stave off administration after loans of more than £200m provided by Lloyds expired on Thursday. Targetfollow, the Norwich-based property developer managed by Ardeshir Naghshineh, has [...]
Alcatel-Lucent’s losses widen February 11, 2010 Alcatel-Lucent yesterday posted a wider-than-forecast loss, missed revenue expectations and cut its 2010 operating margin target, buffeted by a tough market for telecommunications gear. Alcatel posted 2009 revenue of €15.16bn (£13.22bn), an adjusted loss of €56m, and a net loss of €524m. Shares plunged at the French-American group that has struggled to compete with larger [...]
Nokia Siemens to slash 5,800 jobs, cut $1.5bn November 3, 2009 STRUGGLING telecom equipment maker Nokia Siemens Networks aims to slash up to 5,800 jobs in a move the firm saud will save it €1bn (£900m) over the next two years. The company will revamp its operations hoping to benefit from its stronger position in offering services to operators. Telecom gear makers have been hit hard [...]
Cisco to buy Starent for $3bn to boost its presence in the mobile web space October 13, 2009 CISCO Systems plans to buy wireless telecommunications equipment maker Starent Networks Corp for $2.9bn (£1.83bn), betting that demand for advanced wireless equipment will grow as more consumers download videos and access the web from mobile phones. In its second major acquisition this month, Cisco said it would pay $35 a share in cash for Starent, [...]
Ericsson takes on Alcatel in battle for Marconi October 24, 2005 Swedish telecoms equipment giant Ericsson and France’s Alcatel are neck and neck in the final stage of a contest to buy Marconi, according to sources close to both companies. Final bids for Marconi are due tomorrow morning and a winner could be announced as early as the afternoon. Britain’s last remaining telecoms equipment maker has [...]