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Orange sells remaining stake in BT for GBP 486 mln

(Telecompaper) Orange has completed the sale of its residual participation in BT Group for a net amount of GBP 486 million. The company said that it would sell approximately 248 million BT shares through a private placement, representing around 2.5 percent of the group’s share capital, with settlement planned for 02 July. Of the total shares, around 41 million have been acquired by BT. Orange had previously said that BT would participate in the sale

Apple to provide USD 100 mln to Japan Display financing package

(Telecompaper) Apple has agreed to contribute to the capital injection for Japan Display, one of its major suppliers, after other investors backed out of the restructuring package. Apple will contribute USD 100 million via the investment fund Harvest Tech.  Source: Industry News (syndicated from Telecompaper.com)

Former CEO Genish resigns from Telecom Italia board

(Telecompaper) Telecom Italia (TIM) has confirmed that its former chief executive Amos Genish has resigned from the company’s board around eight months after being ousted and then replaced by current CEO Luigi Gubitosi. In a statement TIM said Canal+ Group deputy CEO for France Frank Cadoret had replaced Genish as board representative for the operator’s main shareholder, French media group Vivendi. TIM said Genish would be paid the lump sum of EUR 4.2 million within

Apple design chief Ive leaves to start own company

(Telecompaper) Apple announced that its chief design officer Jony Ive is leaving the company to start his own company. Apple will be one of the primary clients at his new firm, and Ive will continue to work closely and on a range of projects with Apple, the company said. Source: Industry News (syndicated from Telecompaper.com)

EE unveils new broadband plans with Apple TV 4K set-top box, BT Sport

(Telecompaper) UK operator EE, part of BT, has started replacing its IPTV offering, available with fixed broadband and phone packages, with a new service powered by an Apple TV 4K set-top-box. The move follows reports last year that Apple and BT started talks about a possible pay-TV cooperation deal. Existing EE broadband and certain mobile subscribers will now be able to add the Apple TV 4K box, including access to BT Sport, to their broadband

Vodafone set to win approval for Unitymedia, UPC takeover – report

(Telecompaper) Vodafone is set to secure EU antitrust approval for its takeover of Liberty Global’s cable networks in Germany and central Europe after offering concessions in May, people familiar with the matter told Reuters. Source: Industry News (syndicated from Telecompaper.com)

Virgin Media trials delivery of fibre broadband using wireless radio

(Telecompaper) Virgin Media is testing the use of wireless signals to deliver fibre broadband and TV services to homes in the village of Greenham, near the UK town of Newbury. Virgin expects to start further trials of this technology later in 2019.  Source: Industry News (syndicated from Telecompaper.com)

Extreme Networks buys Aerohive Networks for USD 272 million

(Telecompaper) Extreme Networks has agreed to acquire Aerohive Networks for USD 272 million. The deal strengthens its portfolio in WLAN networks and cloud management and edge applications, as well as boosting subscription revenue. Source: Industry News (syndicated from Telecompaper.com)

EU launches formal probe into Broadcom exclusivity deals in STB, modem chips market

(Telecompaper) The European Commission has confirmed the start of a formal antitrust investigation into whether Broadcom may be restricting competition through exclusivity practices in sales of its set-top box and modem chipsets. The Commission said initial investigations show the competition violations are serious enough to warrant interim measures against the company until it reaches a final decision in the case.  Source: Industry News (syndicated from Telecompaper.com)

Ericsson to open smart factory in US for 5G equipment

(Telecompaper) Ericsson announced plans to build its first fully-automated smart factory in the US. The factory will produce Advanced Antenna System radios to boost mobile network capacity and coverage, including rural coverage, as well as 5G radios for urban areas. The company underlined that both product lines will be necessary for rapid 5G deployments in North America.  Source: Industry News (syndicated from Telecompaper.com)

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