Tuesday, January 2, 2018

Reliance Jio to acquire infrastructure of Reliance Comm

Reliance Jio Infocomm, the fastest growing mobile operator in the world and which is a subsidiary of Reliance Industries Limited, agreed to acquire specified assets of Reliance Communications Limited and its affiliates.

The sale includes assets under four categories – Towers, Optic Fiber Cable Network, Spectrum and Media Convergence Nodes, specifically:

  • 122.4 MHz of 4G Spectrum in the 800/900/1800/2100 MHz bands 
  • Over 43,000 towers, amongst the top 3 independent tower holdings in India 
  • ~ 1,78,000 RKM of fiber with pan India footprint 
  • 248 Media Convergence Nodes, covering ~5 Million sqft used for hosting telecom infrastructure

The deal was valued at US$$3.77 billion, according to media reports. Reliance Communications said it will use the proceeds for debt repayment and that it retains its other businesses including its enterprise networking practice, its data centers, and its subsea cable network.
Reliance Jio said the assets are strategic in nature and are expected to contribute significantly to the largescale roll-out of wireless and Fiber to Home and Enterprise services in India.

Reliance Jio was the winning bidder in a sale mandated by the lenders of Reliance Communications. The sale was managed by SBI Capital Markets Limited. The acquisition is subject to receipt of requisite approvals from Governmental and regulatory authorities, consents from all lenders, release of all encumbrances on the said assets and other conditions precedent.

Huawei remains strong and steady as 2017 growth rate slows to 15%

Huawei expects its revenue for 2017 to show a 15% year-over-year increase, its slowest rate of growth since 2013, according to a New Year's message to staff posted by Huawei rotating CEO Ken Hu. Hu cited fluctuations in telco investment cycles but said the overall business remains strong.

Huawei's final revenue figure for 2017 should be in the range of 600 billion yuan (US$91 billion).

In the enterprise sector, Huawei is focused on opportunities in cloud, campus networks, data centers, and IoT. Hu said 197 companies in the Fortune Global 500 have selected Huawei as their digital transformation partner.
On the consumer side, Huawei sold a record 153 million smartphones during 2017, representing 10% global market share.

The past year also saw the formation of a Cloud Business Unit, whose portfolio has already grown to include 97 different services across 14 major categories.

A final note - in 2018, Huawei will celebrate the 30th anniversary of its founding. Hu said the vision remains to "bring digital to every person, home and organization for a fully connected, intelligent world."

http://www.huawei.com/en/special-release/new-year-message-2018?utm_medium=sm&utm_source=twitter&utm_campaign=MBBF


Huawei Forecasts 2017 Sales will Continue to Rise Dramatically


Huawei expects its 2017 sales revenue to reach 520 billion yuan (US$74.8 billion), up 32% year-on-year. In a New Year's message, Huawei Rotating CEO Eric Xu said the company made significant progress in 2016 in improving its efficiency and quality. "Fear not the drifting clouds that block your eyes: beneath shifting sands bright gold still lies. The year 2016 has seen a flock of black swans – both political and economic – sweep across the globe....


CenturyLink appoints EVP Marketing and EVP Product Management

CenturyLink announced the appointments of Gaurav Chand as executive vice president – marketing and of Shaun Andrews as executive vice president - product management. Both report to Chief Operating Officer Jeff Storey.

Previously, Chand served as the global senior vice president, marketing – infrastructure solutions group for Dell EMC.

Andrews was previously the senior vice president, IP and real-time communications for Level 3, and has nearly 25 years of experience in the telecommunications industry. Prior to Level 3, Andrews held a number of senior-level roles in product development, product management, sales and business development at IntelePeer, WilTel and SBC Communications. Andrews focuses on the company's go-to market strategy, pricing, product management and product marketing.

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