Datacom hands Sydney data centre to new owner

AustraliaIT News — Datacom has moved out of its long-held data centre in St Leonards and handed the lease to the former owner of Vocus-acquired data centre company E3 Networks. Vocus Communications bought E3’s Sydney and Melbourne data centre business for $5.9 million in late 2010. E3’s Brisbane facility – which later shifted to another in Milton – was the only data centre owned by E3 that Vocus decided not to purchase.

Snapdeal acquires Silicon Valley startup Reduce Data

IndiaTimes of India — NEW DELHI: Snapdeal has acquired Reduce Data, a Silicon Valley startup, for an undisclosed amount to strengthen its discovery platform as the e-commerce major competes head-on with giants like Flipkart and Amazon. The Mountain View-based company has a programmatic display advertising platform that leverages artificial intelligence, real-time data and other tools. Founded in 2012 by Asif Ali, the company has customers across the US, India and the UK.

ACCC defends approval of TPG/iiNet merger

AustraliaIT News — ACCC chairman Rod Sims has defended his decision to approve TPG’s takeover of iiNet, but admitted it was not a “black and white” issue. In a speech delivered to the ACCAN national conference in Sydney today, Sims also revealed a major decision on backhaul pricing determination was just “days away”.

Singtel Completes Trustwave Acquisition for $770 Million

SingaporeeWeek — Singtel has officially closed its acquisition of security vendor Trustwave. When the deal was first announced in April of this year, the value was estimated at $810 million, which was adjusted on closing to $770 million to account for working capital and other adjustments.With the deal closed, Trustwave’s reach now expands globally alongside Singtel’s operations.

M2 hunting for a takeover following TPG’s iiNet deal

AustraliaIT News — M2 Group chief executive Geoff Horth is on the prowl for potential acquisitions in both the telco and energy markets in the wake of TPG’s approved takeover of iiNet. The deal, described as “bittersweet” by iiNet founder Michael Malone, will see Optus, Telstra and TPG/iiNet claim a combined total of around 80 percent of the Australian broadband retail market.,m2-hunting-for-a-takeover-following-tpg8217s-iinet-deal.aspx

The Man Behind The Move On Micron: A Q&A With Tsinghua Unigroup’s Zhao Weiguo

ChinaForbes — Two years ago China’s Tsinghua Unigroup was nothing more than an obscure state-backed company peddling scanners and herbal medicine drinks. But a reported deal to buy U.S. chipmaker Micron Technologies for $23 billion has brought it into the spotlight. Tsinghua Unigroup, 51% owned by state-run Tsinghua Holdings, is still in talks with Micron, despite the steep national security concerns the deal faces.

Airtel acquires Augere Wireless to ramp up 4G services

IndiaTimes of India — NEW DELHI: Country’s largest mobile operator Bharti Airtel has acquired wireless broadband firm Augere’s India operations, a move that will help the firm to augment its 4G presence in the country.  The company did not disclose the deal value.  With this acquisition, Bharti Airtel’s 4G services will now be available in over 300 cities and towns.

Sharp in talks with Hon Hai over tie-up: Report

JapanDigi Times — TOKYO: Japanese electronics maker Sharp has entered negotiations with Taiwan’s Hon Hai Precision Industry Co for a tie-up over Sharp’s struggling display business, the Asahi newspaper reported on Saturday.  Investors and analysts have urged Sharp to overhaul its liquid crystal display (LCD) and consumer electronics divisions. Chief executive Kozo Takahashi initially resisted but last month said he was open to major restructuring, including some kind of strategic deal for its LCD business.

TPG’s iiNet takeover is ‘bittersweet’ for Michael Malone

AustraliaIT News — iiNet founder and former chief executive Michael Malone feels bittersweet about TPG’s takeover of his internet service provider, after the deal was approved by the ACCC yesterday. iiNet will now cease trading as part of the S&P/ASX 200 Index after the close of trading on August 24. The $1.56 billion acquisition of iiNet will see TPG overtake Optus as the country’s second-largest provider of retail broadband services.,tpgs-iinet-takeover-is-bittersweet-for-michael-malone.aspx

Meet Australia’s new number two broadband provider

AustraliaIT News — The competition regulator’s approval of TPG’s proposed acquisition of iiNet today will mean Telstra has a new fixed-line rival nipping at its heels. The ACCC was able to overcome its initial concerns about the effect the merger would have on competition to give the buyout the official stamp of approval. The $1.56 billion takeover of iiNet will allow TPG to leapfrog Optus to become the country’s second-largest provider of retail broadband services.,meet-australias-new-second-biggest-broadband-provider.aspx

PUC considers acquisition of GTA by Indonesia’s largest telco

IndonesiaKUAM — Telkom Indonesia is the company that is looking to acquire GTA TeleGuam. In a recent hearing held by the Public Utilities Commission, company representatives laid out a point-by-point presentation on why the PUC should approve the deal. Indonesia’s largest telco says it is a cash-rich, low-debt, high-growth company. Total group revenues for 2014 were US$7.2 billion, with gross income of $3.7 billion and net income of $1.7 billion.

Tsinghua Holdings to invest RMB30bn in smartphone chips

ChinaWant China Times — State-owned company Tsinghua Holdings plans to invest around 30 billion yuan (US$4.67 billion) in developing smartphone chips over the next few years, hoping to compete with major players Qualcomm and Taiwan’s MediaTek, reports our Chinese-language sister paper Want Daily.

Alibaba Stretches O2O Commitment With New Retail Investment

ChinaChina Tech News — China’s online-to-offline opportunities have reached a new level with investment from China’s top e-commerce firm into one of China’s leading retail chains. China’s Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder in the Chinese electronics retailer.

Telkom on Track to Close Acquisition of AP Teleguam Holdings

IndonesiaJakarta Globe — Jakarta. State-owned telecommunication firm Telekomunikasi Indonesia, better known as Telkom, is on track to close its acquisition of AP Teleguam Holdings, the holding company of Guam telecommunication company GTA Teleguam, this year, according to a top executive at the company. Alex J Sinaga, president director of Telkom, said that the company has completed 95 percent of the acquisition so far.

Shares in Alibaba and Suning jump after co-operation deal

ChinaBBC — Alibaba is the world’s largest online marketplace while Suning is a China-wide chain of electronics stores. Alibaba’s shares rose more than 2% overnight on Wall Street while stocks in Shenzhen-listed Suning surged to the maximum 10% limit on Tuesday. The firms plan to link their online and offline models, so customers could see goods in Suning stores then buy online. Under the deal, Suning will also open an online store on one of Alibaba’s shopping websites.

China’s Alibaba to take US$4.6b stake in retailer Suning

ChinaBusiness Times SG — SHANGHAI: Chinese Internet giant Alibaba is to pay 28.3 billion yuan (US$4.6 billion) for a nearly 20 per cent stake in consumer electronics retailer Suning, the two companies said in a statement Monday. At the same time the Chinese shopping chain will invest up to 14 billion yuan for just over one per cent of Alibaba, the statement said, bringing the total value of the deal to nearly US$7 billion.

NTT Communications Wholly Acquires PT. Cyber CSF, Indonesian Data Center Service Provider

IndonesiaVirtual Strategy — NTT Com, the ICT solutions and international communications business within NTT, announced today that it signed an agreement recently to wholly acquire PT. Cyber CSF (Cyber CSF), a data center service provider headquartered in Jakarta, Indonesia.  Cyber CSF, founded in 2012, is Indonesia’s largest data center service provider. It operates a high-quality facility equipped for 24 MVA of power and 2,800 racks in 7,700 square meters of space in the heart of Jakarta.

China and the Global Semiconductor Space Are Consolidating

ChinaMarket Realist — So far in this series, we’ve looked at Tsinghua’s offer for Micron Technology and changing China’s semiconductor landscape through strategic acquisitions. However, it isn’t just China’s semiconductor space that’s seeing a lot of M&A (mergers and acquisitions). It isn’t the only country that’s going through a consolidation phase. In the last couple of months, a lot of mega deals have happened in the semiconductor sector around the globe.


Singapore fintech startup ApexPeak acquires Netherlands-based Asyx

SingaporeDigital News Asia — SINGAPORE-headquartered fintech (financial services technology) startup ApexPeak said it has acquired Netherlands-based supply chain finance and collaboration solutions provider Asyx. Acquisition terms were not disclosed. ApexPeak, founded in 2012, offers working capital solutions to high-growth SMEs (small and medium enterprises) in emerging markets, providing cash flow solutions to businesses that are underserved by banks, it said in a statement.

Wal-Mart buys out China e-commerce firm Yihaodian in online push

ChinaChannel News Asia — SHANGHAI: Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s second-largest economy.