Telstra deploys NB-IoT

Telstra announced the deployment of Narrowband technology in its IoT network in Australia.

The carrier now offers Narrowband coverage in major Australian cities and many regional towns.

Last year, Telstra activated Cat M1 IoT coverage over approximately three million square kilometres across the country.

Telstra is the only carrier in Australia and one of the first carriers in the world to offer both Narrowband and Cat M1 IoT technologies.

Telstra Chief Operations Officer, Robyn Denholm, said Cat M1 coverage is best suited for devices requiring 100s of Kbps of bandwidth usage whereas Narrowband technology is better for devices requiring even lower volumes of data.

“We already offer our customers Australia’s largest and fastest mobile network and with our IoT Network now we have added the ability to support millions of new devices like sensors, trackers and alarms operating at very low data rates that can sit inside machines and vehicles, reach deep inside buildings and have a battery life of years rather than hours and days,” said Ms Denholm.*

“This new capability has been delivered as part of our Networks for the Future program, which is a key pillar in the up to $3 billion capital investment Telstra is making over and above business as usual to transform the way we serve customers, digitise our operations, meet the growing demand for data and lay the groundwork for 5G and IoT," she added.

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Acquisition still not done - Qualcomm extends cash tender offer for NXP shares

Qualcomm extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI).

The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on February 9, 2018, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

American Stock Transfer & Trust Company, the depositary for the tender offer, has advised Qualcomm that as of January 11, 2018, 5,695,728 NXP common shares, representing approximately 1.7% of the outstanding NXP common shares, have been validly tendered pursuant to the tender offer and not properly withdrawn. Shareholders who have already tendered their common shares of NXP do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.

Qualcomm to Acquire NXP -- Engines for the Connected World

Thursday, October 27, 2016  Mergers And Acquisitions, Netherlands, NXP, Qualcomm, Silicon  No Comments

Qualcomm agreed to acquire all of the issued and outstanding shares of NXP for $110.00 per share in cash, representing a total enterprise value of approximately $47 billion. The deal will be financed through cash on hand and $11 billion in new debt. The companies expect total annualized synergies of $500 million within two years of close.

NXP Semiconductors N.V., which headquartered in Eindhoven, Netherlands, employs approximately 45,000 people in more than 35 countries and is known for its mixed-signal semiconductor electronics. The company was known as Philips Semiconductor prior to 2006.

Key markets include automotive, broad-based microcontrollers, secure identification, network processing and RF power. NXP has a broad customer base, serving more than 25,000 customers through its direct sales channel and global network of distribution channel partners.

For Q3 2016, NXP reported revenue of $2.469 billion, up 4.4% over a year ago, and GAAP gross profit of $1.184 billion, up 7.7% over a year ago.

The combined company is expected to have annual revenues of more than $30 billion, serviceable addressable markets of $138 billion in 2020 and leadership positions across mobile, automotive, IoT, security, RF and networking.

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