Showing posts with label PT. Show all posts
Showing posts with label PT. Show all posts

Monday, December 1, 2014

Altice Bids EUR 7.4 Billion for Portugal Telecom

Altice confirmed an offer to acquire Portugal Telecom from Oi for EUR 7.4 billion n on a cash and debt-free free basis which includes EUR 500 million consideration related to the future revenue generation of Portugal Telecom. The transaction, net of financial debt, accrued post-retirement liabilities and other purchase price adjustments will be financed by new debt and existing cash from Altice. The deal includes the existing business of Portugal Telecom outside of Africa and excludes Portugal Telecom's Rio Forte debt securities, Oi treasury shares and Portugal Telecom financing vehicles.

Altice is a multinational cable and telecommunications company with presence in three regions-Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland), Israel and the Overseas Territories (currently comprising the French Caribbean and the Indian Ocean regions and the Dominican Republic).

http://www.altice.net/


  • Last week, Altice completed the financial transaction that combined SFR and Numericable.  Vivendi received EUR 13.366 billion in cash of which EUR 200 million will be contributed to the financing of the acquisition of Virgin Mobile by Numericable Group. The amount of  EUR 13.166 billion will be subject to an accounting analysis to confirm the estimated amount of net indebtedness, in accordance with the contract. Vivendi will keep a 20% stake in the new combined entity, which it will be free to sell after a one-year lock-up period, subject to Altice's pre-emption right. 

  • Numericable currently has over 5.2 million fiber homes in France, with more than 10 million homes passed.  SFR has 3G/4G mobile networks in France as well as 1.6 million fiber homes.

  • Patrick Drahi, founder and Chairman of the Altice group, parent company to Numericable, said: "By bringing together SFR and Numericable we will create the French champion in very high speed broadband and in the convergence of fixed and mobile networks. This is a trend throughout the sector, borne out across Europe and around the world. Our project, which is founded upon perfectly complementary networks and skillsets, will generate strong growth, which in turn will create jobs and stimulate investment."

Friday, December 13, 2013

Sonus to Acquire Performance Technologies for Virtualized Diameter Signaling Controller

Sonus Networks agreed to acquire Performance Technologies, a supplier of advanced, high availability network communications solutions, for $3.75 per share in cash, or approximately $30 million, net of PT’s cash and excluding acquisition-related costs.

PT brings an integrated, virtualized Diameter and SIP-based solution that enables service providers to offer new multimedia services through mobile, cloud-based, real-time communications. Its SEGway signaling products includes Diameter Signaling Controllers (DSC), which anchor the authentication, authorization and accounting messages sent across mobile networks.

Sonus said the Diameter Signaling Controller (DSC) market, which is expected to grow in coming years, is a natural extension of the Session Border Controller (SBC) market. SBCs and DSCs both serve as points of entry into core IP networks by providing security, admission control, intelligent routing and interworking capabilities.  PT’s SEGway Universal Diameter Routers and SS7 Signaling Systems provide tightly integrated signaling and advanced routing that span mission-critical demands of both existing and next-generation 4G/LTE and IMS networks.  Additionally, PT’s IPnexus Multi-Protocol Gateways and Servers enable a broad range of IP-interworking in data acquisition, sensor, radar and control applications for aviation, weather and other similar infrastructure networks. Providing an integrated, virtualized Diameter and SIP-based solution will enable Sonus to offer a more strategic value proposition to service providers seeking to deliver new multimedia services through mobile, Cloud-based, real-time communications.

“Today’s mobile broadband traffic nearly eclipses all Internet activity from just a decade ago, driving the necessity for intelligent and capable Diameter Signaling Controllers that will allow mobile operators to efficiently deploy 4G/LTE,” said Raymond P. Dolan, president and chief executive officer of Sonus.  “The combination of Sonus and PT allows us to address this significant opportunity by bringing together unique and complementary technologies in wireless and wireline network intelligence, thereby expanding our addressable market by 50% and advancing our mobility and virtualization strategies.  The transaction enhances Sonus’ best-in-class portfolio, further enabling service providers and enterprises to deliver on the promise of real-time communications.”

“Over our thirty-two year history, PT has been recognized for providing mission-critical solutions built on leading-edge technologies designed and supported by some of the best talent in our industry,” said John M. Slusser, president and chief executive officer of PT.  “The agreement with Sonus provides substantial value to our stockholders as the premium represents an approximately 25% per share premium to our closing stock price as of December 12, 2013."

http://pt.com/
http://www.sonus.net/


  • PT is based in Rochester, NY.