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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Reliance Communications' (RCom) impending deal for tower asset sale would lower its consolidated debt by 60 per cent, a report by CLSA said today. RCom recently announced the signing of a term sheet with Tillman and TPG for the sale and leaseback of its 43,400 towers held by its subsidiary…

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Microsoft India plans to sign a 4G data-bundling pact with India's No 1 carrier Bharti Airtel to encourage the latter's customers to buy the recently launched Lumia 4G smartphones, a top company executive told ET. Once the deal is formalised, Airtel 4G customers purchasing the Lumia 950 or 950 XL…

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Taiwan's Eastern Media International Corp said on Friday it will sell its 21.32 percent stake in Eastern Broadcasting Corp (EBC) to U.S. filmmaker Dan Mintz for T$3.9 billion ($118.96 million), joining Carlyle Group in exiting the investment. The move by EBC's second-biggest stakeholder comes after the co-executive producer of Hollywood…

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Facebook is releasing for free the designs of a new computer server - twice as fast as those used by Facebook earlier, it designed to put more power behind artificial-intelligence software, MIT Technology review reported. Facebook's new server design, dubbed Big Sur, was created to power deep-learning software, which processes…

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France's Economy Minister said he did not oppose in principle a consolidation of the country's telecoms sector to three operators from four, as state-controlled telecoms group Orange started talks about possibly buying a stake in Bouygues Telecom. A source familiar with the situation told Reuters on Thursday that during a…

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Crestview Partners plans to invest $125 million into WideOpenWest, a cable operator that serves some 782,000 customers in the U.S. South and Midwest, according to people familiar with the matter. The New York-based private-equity firm also will acquire a stake in the company from current owner Avista Capital Partners, the…

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Brazilian media conglomerate Grupo Globo has signed a deal to show the Summer and Winter Olympics over all broadcast platforms until 2032, the International Olympic Committee (IOC) said on Thursday. No financial details were disclosed but last year NBC Universal, the media unit of cable operator Comcast Corp, announced it…

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The Telemundo Station Group Thursday unveiled its redesigned digital platforms, featuring a new look for 15 online properties, including desktop, mobile and apps, and an improved weather experience. In an effort to keep Spanish-speaking viewers updated on the go, there are push alerts for severe weather and a “Breaking News”…

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U.S. regional TV broadcaster Media General Inc rejected an increased takeover bid from Nexstar Broadcasting Inc, according to a source familiar with the matter. Nexstar privately made an increased cash-and-stock offer last week of about $16.30 per Media General share based on Tuesday's close, the source said on Tuesday. Media…

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Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday. Apple's plan to sell a package of about 14 channels for $30 to $40…