Times of India — NEW DELHI: The decision on merging state-run BSNL and MTNL will be taken in the next four-five months, telecom secretary Rakesh Garg said. “BSNL, MTNL merger decision will be taken in four-five months after studying the IIM report on it,” he said. Anupam Shrivastava, BSNL chairman-cum-managing director, said MTNL will be delisted before the merger. MTNL stocks rallied 20% intra-day. The stocks were trading 14.46% up at 2.11 pm in the Bombay Stock Exchange.
Japan’s NTT Communications has sealed the deal on its purchase of European data centre services provider e-shelter, acquiring an 86.7 percent stake in the German company. The purchase boosts NTT Com’s data centre floor space in Europe to 92,000 square metres across nine cities, up from just shy of 20,000 square metres in four cities. Penny Jones, senior analyst at 451 Research, told TechWeekEurope that the acquisition shows demand has been strong in Germany for NTT Com.
Jakarta. Indonesia’s biggest telecommunications company Telekomunikasi Indonesia has set aside $250 million to acquire AP Teleguam Holdings Inc, the parent company of telco operator GTA Teleguam, in the tiny Western Pacific territory of Guam. Telkom will use proceeds from bond sales to help fund the acquisition, said Indra Utoyo, director of innovation and strategic portofolio at Telkom. Indra said the company has submitted proposals to authorities in Guam, which is a United States island territory in Micronesia, and the US.
Brand management company BlueFocus Communication Group will acquire two major mobile advertising companies Domob Limited and Madhouse Inc. The report revealed that BlueFocus will acquire a 100% stake in Domob Limited and a 95% stake in Domob Network Technology for USD289 million; and the company will acquire a 51% stake in Madhouse Inc. for USD61.2 million. At the same time, BlueFocus will invest an additional USD10 million in Madhouse and they will hold a 54.77% stake in the latter on the completion of the investment.
Chinese search engine company Baidu announced that they will acquire a controlling stake in popIn, a native advertising company in Japan. According to the terms of the transaction, popIn’s existing management team will be able to independently operate its businesses within the enterprise architecture of Baidu. On the completion of the acquisition, Baidu’s advertising platform will adopt popIn’s READ technology and content recommendation technology to improve its accuracy of advertising.
KOLKATA: Reliance Communications’ plan to merge Sistema’s Indian assets with itself is seen giving it scale and helping it reduce cost and spectrum renewal risks, but experts point out that it has brought into focus ambiguity in spectrum holding rules in M&As. In a report, brokerage Credit Suisse said that Sistema Shyam Teleservices (SSTL) provides a “good complementary fit” for Anil Ambani-owned Reliance Communications, given its spectrum holdings in the 800MHz band, which can be used for 4G services.
TPG inched closer to attaining its hard-fought goal of buying out rival internet service provider iiNet yesterday, but it faces a nerve-wracking wait to learn the deal’s regulatory fate. iiNet and TPG yesterday registered their scheme booklet with the Australian Securities and Investment Commission (ASIC) after an independent reviewer found the $1.56 billion share and cash-based offer to be “fair, reasonable and in the best interests of shareholders”.
NEW DELHI: Anil Ambani-led Reliance Communication has said it is in talks with AFK Sistema to merge the Russian conglomerate’s Indian telecom operations through a cashless stock swap. “Reliance Communications (RCom) and AFK Sistema have entered into exclusive discussions on a potential merger between the Indian telecom business of Sistema Shyam TeleServices Ltd (SSTL) and RCom through a stock swap,” the company said in a statement. The discussions, it said, are “indicative and non-binding in nature, and remain subject to due diligence, definitive documentation and approvals, as may be necessary.”
Australia’s competition watchdog has raised concerns that the takeover of internet service provider iiNet by rival TPG would substantially lessen competition in the market and negatively affect customer service. The ACCC today outlined its preliminary stance on TPG’s proposed $1.56 billion acquisition of iiNet and approached the market for views on the effect the takeover would have on both the industry and end users. TPG’s acquisition of iiNet would merge two of the five biggest fixed broadband providers into the country’s second largest behind Telstra.
PT Telekomunikasi Indonesia (Telkom) Tbk, Indonesia’s largest telecommunication company, said it has reached a deal to buy Guam’s AP Teleguam Holdings Inc, parent company of telco operator GTA Teleguam. GTA Teleguam is one of the telecom operators in Guam. Currently, Guam’s AP Teleguam, the parent company of GTA Teleguam is owned by Japanese private equity firm Advantage Partners. The deal is routed through Telkom’s US subsidiary – Telkom Internasional USA Inc. (Telin USA) – that is buying out Advantage Partners’ holdings in the Guam-based operator
Telstra has deployed a predictive analytics system that uses its operational data to help identify network issues before they occur. The big data facility is managed by CTO Vish Nandlall, who described it as “one of the largest Hadoop infrastructures in Australia”. Telstra has not revealed the cost of the facility, which has been rolled out progressively during the past nine months. “Conventional network problem solving generally only responds to events that have occurred,” a Telstra spokesperson said.
A Chinese investment group led by Hua Capital Management, a private equity company based in Beijing, has acquired US-based chip manufacturer Omnivision Technologies after paying USD1.9 billion, the American technology firm has confirmed. OmniVision chairman and CEO Shaw Hong has confirmed the acquisition and said the deal will allow its team of designers to develop more innovativeproducts and solutions for its range of customers.
TPG has upped its bid for iiNet to $1.56 billion and offered shareholders a choice of shares or cash, gaining the iiNet board’s support for its new bid over that of rival M2. iiNet last week gave TPG a chance to increase its March $1.4 billion all-cash offer after receiving a $1.6 billion scrip-based bid from M2. Today iiNet announced TPG had boosted its offer to $9.55 per iiNet share, including a $0.75 special dividend.
MStar Semiconductor has completed its acquisition of fellow IC design company Alpha Imaging Technology, according to a MediaTek filing with the Taiwan Stock Exchange (TSE). MediaTek announced that subsidiary MStar has acquired about 29.89 million shares of Alpha exceeding the required minimum. MStar will continue to acquire the remaining shares.
iiNet’s board has today given TPG an opportunity to raise its $1.4 billion bid for the company to either match or better rival M2’s $1.6 billion offer. M2 sparked a potential bidding war for iiNet this week when it revealed it had exceeded TPG’s March offer with an all-scrip $1.6 billion bid for the in-demand internet service provider. The deal would see iiNet shareholders receive 0.803 of an M2 share per iiNet share and a 75c special dividend.
M2 CEO Geoff Horth has promised to maintain the iiNet brand as a standalone operation and preserve its much-touted customer advocacy should its $1.6 billion offer for the company be accepted. The ISP today made a play for its rival following TPG’s March all-cash offer to take over iiNet for $1.4 billion. In its own offer, made public today, M2 took heed of shareholder concerns about the future of iiNet’s customer service and advocacy should the offer from low-cost operator TPG be accepted.
Internet service provider M2 Telecommunications has sparked a bidding war for iiNet, coming in with a higher, all-scrip offer than TPG’s March offer of $1.4 billion. M2’s play at iiNet today offered $11.37 per share, giving the company an enterprise value of $2.25 billion. Excluding $1.37 per share of estimated synergies, the deal sits around $1.6 billion. TPG in March offered to take over iiNet in an $1.4 billion all-cash deal. M2 today said it would operate iiNet as a standalone brand, and had extended an offer for two iiNet directors to join its board, should the deal go through.
Alibaba Group entered the film industry last year, having acquired ChinaVision Media Group and renamed it Alibaba Pictures Group and other related companies. On April 21, Alibaba Pictures announced it was acquiring Guangdong Yueke Software Engineering Company, a supplier of a cinema-ticketing system, through an open bidding for 830 million yuan (US$134 million), Guangzhou’s 21st Century Business Herald reports.
Singapore-based media giant MediaCorp announced today that it has acquired a 52 percent stake in Indonesia’s KLN Group (KLN) for an undisclosed amount. KLN is the parent company of KapanLagi Network, one of the largest and most successful online media companies in the archipelago. The two firms signed the agreement in Jakarta today with the hope that MediaCorp’s expertise and pan-Asian reach can help accelerate KLN’s market position in Indonesia. The partnership also has a goal to create solutions for advertisers to reach customers in new ways.
BENGALURU: Infosys has acquired US-based digital experience solutions company Kallidus for $120 million that includes a deferred component and retention bonus. Kallidus offers including mobile commerce and in-store shopping experiences to large retail clients. It develops and host mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store and all emerging channels. The latest acquisition is Bengaluru-based IT company’s second acquisition this year.