NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Huawei Technologies Co Ltd said it was seeking clarification from New Zealand after the country’s intelligence agency rejected the telecommunication industry’s first request to use the Chinese firm’s equipment in its planned 5G mobile network. “Huawei is seeking an urgent meeting with the relevant ministers and officials to understand the…

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- Buyout firm Apollo Global Management LLC (APO.N) has teamed up with regional TV station owner Northwest Broadcasting in its bid to acquire another U.S. TV station owner, Tribune Media Co (TRCO.N), people familiar with the matter said on Wednesday. Tribune, which has a market value of about $3.5 billion,…

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Telecoms companies and investors hoping that unconditional EU approval of Deutsche Telekom’s Dutch deal could signal a softer regulatory stance towards mergers in the sector would do well to be cautious. Shares in the European telecoms sector index gained more than 3 percent on Monday after Reuters reported that the…

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Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2’s Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consolidation. The European telecoms index spiked higher, with Tele2 shares jumping 9 percent for their best day in…

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MediaKind, a global media technology leader, has been selected by Slovak Telekom and T-Mobile Czech Republic, members of the Deutsche Telekom group, to power the delivery of market-leading IPTV services to consumers in Slovakia and the Czech Republic. MediaKind - the new brand identity for Ericsson Media Solutions - will…

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Congruex, a national end-to-end provider of design, engineering, construction management and maintenance services to broadband service providers, today announced the acquisition of White Construction Co., Inc. ("White" or "White Construction"). Financial terms of the transaction were not disclosed. Founded in 1995 in Beaver Dam, Wisconsin, White Construction is a telecom-focused…

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Walt Disney Co (DIS.N) on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s (FOXA.O) entertainment assets, clearing one of the last major hurdles for the deal to go through. Disney agreed to purchase Fox’s film and television assets for $71.3 billion and received approval…

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T-Mobile US Inc’s TMUS.N Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp (S.N) will close as early as the first quarter of 2019. T-Mobile, majority owned by Deutsche Telekom AG (DTEGn.DE), agreed in April to buy wireless carrier Sprint and the…

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The U.S. Federal Communications Commission voted unanimously on Thursday to allow Tesla Inc (TSLA.O) Chief Executive Elon Musk’s Space X, Telesat Canada  and two other companies to roll out new satellite-based broadband services. The FCC voted to grant “market access” requests to Telesat, Kepler Communications Inc and LeoSat MA, Inc…

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Spacecom, operator of the AMOS satellite fleet, and Botswana Telecommunications Corporation (BTC) today announced an agreement whereby AMOS-7 is supplying satellite services to BTC’s VSAT (Very Small Aperture Terminal) network throughout all of Botswana. Spacecom is providing BTC with highest efficiency satellite capacity alongside migrating the existing network towards next…