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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Japan’s big three telecoms operators plan to exclude network equipment from China’s Huawei Technologies Co Ltd and ZTE Corp , Kyodo News reported on Monday. The exclusion applies to current equipment and next-generation 5G equipment, Kyodo reported without citing sources. Representatives of the three telcos, NTT Docomo, KDDI Corp and…

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Britain’s BT Group Plc will remove Huawei Technologies Co’s equipment from its core 4G network within two years, the Financial Times reported on Wednesday. The move by BT will bring its mobile phone business in line with an internal policy to keep the Chinese company's equipment at the edge of…

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Nexstar Media Group Inc said on Monday it had agreed to buy Chicago-based peer Tribune Media Company (TRCO.N) for about $4.1 billion in cash, a deal that would make it the largest regional U.S. TV station operator. Nexstar said it would pay $46.50 per share, representing a premium of 15.5…

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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…