RIYADH: Vodafone Group has signed a Memorandum of Understanding (MOU) with Saudi Telecom Company (stc) in relation to a potential sale of Vodafone’s 55% shareholding in Vodafone Egypt to Saudi Telecom Company (stc). Vodafone and stc have agreed a cash consideration of US$2.392 billion for Vodafone’s 55% shareholding in Vodafone Egypt, equivalent to an Enterprise…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
Electro Optic Systems acquires US space communications business of Audacy Corporation
CANBERRA: Electro Optic Systems Holdings Limited (EOS), acting through its wholly-owned US subsidiary EOS Defense Systems USA, has executed an agreement to acquire all of the business and assets of Audacy Corporation, a space communications company based in the US. EOS Defense Systems (EOSDS) will outlay approximately AU$10 million in cash for the acquisition including…
Mobile wallet Huawei Pay launched in Pakistan
ISLAMABAD: Huawei, in cooperation with UnionPay International and National Bank of Pakistan, has launched its mobile wallet service Huawei Pay in Pakistan, making it the 4th market where Huawei Pay has been made available, following China, Russia and Hong Kong, a statement said on Thursday. “Today, Huawei Pay has come to Pakistan marking an important…
Vodafone and Sunrise Communications form strategic partnership in Switzerland
LONDON: Vodafone Group and Sunrise Communications Group have announced a new partnership agreement in Switzerland, which began on 1 January 2020. This strategic partnership will allow Sunrise’s Enterprise customers to benefit from a range of Vodafone Business services, including mobile connectivity, roaming and central procurement. Over time, the companies plan to expand their relationship to…
MyFiziq signs pact to integrate body tracking application into the Bearn app
PERTH: MyFiziq Limited, a company within the information technology sector, has signed a binding term sheet with Bearn LLC in North America, the owner and operator of a transformative Bearn Application (app). MyFiziq will be paid US$2.00 per scan from Bearn. Bearn and MyFiziq will collaborate to integrate MyFiziq’s body tracking application into the Bearn…
Huawei ranked 5th in 2019 EU Industrial R&D Investment Scoreboard
DUBAI: Huawei has been ranked fifth on the recently released 2019 EU Industrial R&D Investment Scoreboard as one of the biggest investors in research and development worldwide. The Scoreboard is made up of the 2,500 companies investing the largest sums in research and development in the world, with data collected from companies’ annual reports and…
Rostelecom establishes strategic partnership with Russian Internet Initiatives Development Fund
MOSCOW: Rostelecom PJSC and the Internet Initiatives Development Fund (IIDF) are establishing a strategic partnership, launched to develop the Russian venture capital market. Rostelecom will collaborate with IIDF by joining the Fund’s Investment Division charter capital “IIDF Invest” – a shareholder in more than 350 IT start-ups. Rostelecom investments will boost the fund’s portfolio and…
Pennant International to acquire Absolute Data Group for AUD 6.5 million
LONDON: Pennant International Group has exchanged contracts to acquire the entire issued share capital of Australian software business, Absolute Data Group (ADG). The maximum consideration for the acquisition is AUD 6.5 million (£3.44 million), subject to adjustment on completion for cash, working capital and debt. 50% of the price is payable upfront with AUD 0.325…
AppsVillage signs agreement with CRiskCo to drive microfinance revenue growth
SYDNEY: AppsVillage Australia Ltd, a SaaS solutions provider for small and medium businesses, signed an agreement with a leading B2B credit risk analytics company Credit Risk Community, Inc. (CRiskCo) to integrate its credit risk analysis technology into the AppsVillage Capital platform. This integration will enable AppsVillage to use accounting data analytics and artificial intelligence (AI)…
Lucyd launching third line of Lucyd Loud Bluetooth glasses on 27 January
LONDON: Tekcapital plc announced that its portfolio company Lucyd Ltd, the smartglass developer and operator of eShop for tech eyewear, is launching their third line of Lucyd Loud Bluetooth glasses on 27 January 2020. These prescription compatible, audio glasses offer enhanced sound quality, comfort and style at an attractive price. Lucyd Loud eyewear is its…
Elecosoft launches new artificial intelligence visualisation tools
LONDON, UK: Elecosoft Plc has launched its new Artificial Intelligence (AI) software tools at the Domotex Show in Hanover in January 2020. Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and…
Division of Gaming Enforcement reports strong December 2019 internet gambling growth for New Jersey
NEW JERSEY: Internet Gaming Win stood at $49.3 million in December 2019 compared to $29 million in the prior year period, reflecting a year-over-year growth of 70.0%, New Jersey’s Division of Gaming Enforcement (DGE) reported. GAN plc updated the market following the publication on January 14, 2020, by New Jersey’s Division of Gaming Enforcement (DGE)…