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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Argentina’s anti-trust regulator on Friday approved a merger between Telecom Argentina and cable TV provider Cablevisión (CVH.BA), allowing the creation of the largest telecommunications group in the country. The CNDC regulator attached several conditions to the deal, which was also approved by Argentina’s ENACOM communications regulator in December. Telecom Argentina…

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TCI Fund Management Ltd, a large Twenty-First Century Fox Inc (FOXA.O) shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp (CMCSA.O) a chance to top Walt Disney Co’s (DIS.N) $71 billion offer to buy most of Fox’s assets, according to a letter reviewed by Reuters. The hedge…

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China Tower, the world’s largest mobile mast operator, has won approval in Hong Kong for an IPO that could raise up to $10 billion, according to people familiar with the situation. The news comes as investors and bankers were on Friday awaiting the pricing of Chinese smartphone maker Xiaomi’s (1810.HK)…

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Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp’s competing bid. The Fox movie franchises and TV shows have been…

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Chinese electronics giant Huawei on Tuesday announced the upgradation of its "SmartWiFi" solution in an attempt to help operators deploy multi-channel 4K videos, despite interferences in connectivity. The solution comes with cloud management, simplified operations and maintenance to provide high performance and wide coverage for 4K videos. "Huawei's 'SmartWiFi' solution…

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AT&T Inc said on Monday it would buy online advertisement exchange company AppNexus Inc, less than a month after the No. 2 U.S. wireless carrier closed its $85 billion deal to acquire media company Time Warner Inc TWX.N. AT&T did not disclose the AppNexus deal value. The Wall Street Journal,…

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Gray Television Inc said on Monday it would buy privately held rival broadcaster Raycom Media Inc in a cash-and-stock deal valued at $3.65 billion, in a push into more local television markets and to attract additional advertising. The combined company, with 142 full-power television stations in 92 markets, will reach…

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ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday. ZTE,…

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Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization to get a regulatory nod for the deal. Disney in a regulatory filing said it was willing to divest the…

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AT&T Inc will launch two new unlimited wireless plans next week that will be bundled with a new video streaming service called WatchTV, in the company’s first move to pair entertainment with phone service after closing its $85 billion acquisition of media company Time Warner Inc. The No. 2 U.S.…