Millicom International Cellular SA has entered Into a 5-year USD 600m revolving credit facility with a group of international and regional banks, the company said.
The successful syndication, which targeted new banks as well as existing relationship banks, resulted in an oversubscription.
This facility will be used to refinance the company´s existing dual-tranche USD 500m revolving credit facility dated 4 June 2014 and for general corporate purposes.
BGL BNP Paribas, Citi, DNB and Scotiabank acted as coordinators and bookrunning mandated lead arrangers. Furthermore, Bank of China, Goldman Sachs and JP Morgan joined as mandated lead arrangers, together with Barclays, BBVA, ICBC, and Nordea joining as lead arrangers. standard bank and standard chartered joined the facility as arrangers.
Cellcom Israel Ltd. (NYSE: CEL) reported the Israeli Ministry of Communications approved its transfer of control in IDB Development Corporation Ltd., the company said.
In addition the Israeli Ministry of Communications amended the company´s cellular license so as to: (1) reduce the percentage that Israeli citizens and residents from among the company´s founding shareholders must hold to at least 5% of the company´s outstanding shares and other means of control and an extension period (subject to certain requirements and ending July 2017) in order for the company´s controlling shareholder to comply with the updated provision; and (2) reduce the percentage of directors that must be appointed by Israeli citizens and residents among the company´s founding shareholders to 10%.
Cellcom Israel, established in 1994, is an Israeli cellular provider. It provides approximately 2.822m cellular subscribers with a broad range of value added services, including cellular telephony, roaming services for tourists in Israel and for its subscribers abroad and additional services in the areas of music, video, mobile office etc., based on Cellcom Israel´s technologically advanced infrastructure.
Experian has selected UST Global as a new digital technology services partner providing application development and testing services for the UK Credit Services and Solutions Business, the company said.
As part of the multi-year relationship, UST Global will provide high quality services in application development, support, and testing to support Experian in delivering world-class products and services for business clients and consumers.
Located in the UK, Experian Credit Services & Solutions unlocks the power of data to create opportunities for consumers, businesses and society. Experian empowers consumers and its clients to manage their data with confidence so they can maximize every opportunity.
UST Global specializes in six next generation digital services – design, cyber security, mobile, social, analytics and cloud. Headquartered in Aliso Viejo, California, it has over 17,000 associates, operating in 25 countries across four continents.
Experian is a global information services company with 17,000 people operating across 37 countries.
Wireless solutions provider 5 BARS has positioned NRG Stadium as one of the most connected football stadiums today in time to support the biggest data-usage event in sports, next week´s Super Bowl LI, the company said.
5 Bars deployed a secure, reliable high density Wi-Fi network to support the heavy demand required by the team, venue and fans.
The company worked with the Harris County Sports & Convention Corporation to plan, design and build the high density Wi-Fi network to meet the needs of the biggest crowds at NRG Stadium and the upcoming Super Bowl LI. Wireless connectivity is 5 Bars´ top priority to ensure fan interaction for maximum simultaneous users at the 72,000+ seat facility.
NRG Park is a sports, convention, tradeshow and entertainment complex located in the cultural center and urban hub of Houston.
5 Bars is an Irvine, California-based, privately held provider of wireless master plans for counties, cities and large scale venues developing comprehensive wireless strategies through a unique holistic view of all assets, coverage and capacity.
Interwire Internet Services, owner and operator of the Mumbai Convergence Hub (Mumbai IX) in India, has agreed on a memorandum of understanding (MoU) with Internet Exchange operator DE-CIX to strengthen its ambitions as influential drivers of India´s digital infrastructure, the company said.
Interwire will now collaborate DE-CIX to further develop the Internet Exchange and Interconnection eco-system in the local Indian market, with a strong focus on Mumbai.
Interwire Internet Services Pvt. Ltd. operates MumbaiCH (Mumbai IX). The company serves 150+ ISPs and content networks both Indian and International through its MumbaiCH offering.
DE-CIX provides premium Internet exchange services and operates several carrier and data center neutral exchanges. The company serves 1000+ carriers, ISPs and content networks from 60+ countries, including all leading international players in various metro markets in Europe, the Middle East and North America. With 5.5 terabits per second of peak traffic, DE-CIX Frankfurt is the world´s leading Internet exchange.
SaaS market acceleration platform Connected2Fiber has signed an agreement with Dark Fiber Systems, Inc. to implement the platform and leverage the Connected World, Connected2Fiber said.
DFS will also be implementing the Building List Manager, an automated software module for creating and distributing OnNet and NearNet building lists.
DFS is one of the largest competitive fiber operators in Jacksonville, extending its infrastructure over 140 miles and passing more than 2200 commercial locations, wireless towers, data centers and key government facilities. The company´s network infrastructure reach necessitated a location management system incorporating both the identification of fiber paths, OnNet and NearNet buildings, and Connected2Fiber´s demand generation tool, Building List Manager.
The Connected World uses a SaaS based GIS engine for displaying fiber routes, OnNet connected buildings and NearNet locations to visualize and analyze data related to the market. This information is crucial to ensure that network operators are pushing network reach information to key customers and inserting location information into their buying processes in an efficient and ongoing manner.
Dark Fiber Systems, Inc. (DFS) has been serving the Jacksonville market since 1997. Dark fiber does not go through any active or passive equipment, and provides the customer with a completely private network without bandwidth limits.
Connected2Fiber helps the network industry transact and improve its return on sales & marketing investment with the industry´s only SaaS marketplace enablement platform that combines account-based marketing, location intelligence with predictive algorithms that learns how to improve results. The company is based in Hopkinton, MA, and was founded in 2015 by Ben Edmond.
Globalized network operator Intelsat´s (NYSE: I) high throughput satellite (HTS) Intelsat 33e has completed all in-orbit testing and entered service on 29 January 2017, the company said.
Manufactured by Boeing (NYSE: BA) and launched in August 2016, Intelsat 33e is equipped with advanced digital payload on a commercial spacecraft.
With this exceptionally flexible HTS payload design, Intelsat 33e, operating from 60Â° East, will extend Intelsat´s HTS services in C-, Ku- and Ka-band to Europe, the Middle East, Africa, Asia Pacific, Mediterranean and Indian Ocean regions.
This will enable the delivery of enterprise-grade, broadband services to fixed and mobile network operators, aeronautical and maritime mobility service providers, and government customers.
Intelsat delivers high-quality, cost-effective video and broadband services anywhere in the world. Its network combines satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services.
Sequans Communications S.A. (NYSE: SQNS) has opened a new development site in Sophia Antipolis, on the CÃ´te d´Azur, in the south of France, the company said.
The new team currently includes ten engineers who will support Sequans´ core development of LTE semiconductor solutions for the Internet of Things (IoT).
Sequans recently released its newest LTE for IoT chip, an LTE-M / NB-IoT chip called Monarch, based on the latest LTE standard and highly optimized for IoT. In less than one year, Monarch has gone from introduction, to operator certification, to deployment, and has already been designed into numerous LTE for IoT devices.
The new facility in the south of France is Sequans´ eleventh site among its worldwide locations. The new team will work closely with Sequans main R&D engineering team at the company´s Paris headquarters.
Sequans Communications provides single-mode 4G LTE semiconductor solutions for the Internet of Things (IoT) and a wide range of broadband data devices. Founded in 2003, Sequans has developed and delivered seven generations of 4G technology and its chips are certified and shipping in 4G networks around the world.
Herndon, Virginia,-based Harris Corporation (NYSE: HRS) has agreed to sell its government IT services business to an affiliate of Veritas Capital for USD 690m in cash, the company said.
Proceeds from the transaction will be used to support the company´s capital allocation strategy, including pension pre-funding and share repurchases.
The transaction is subject to regulatory review and other customary closing conditions and is expected to close before the end of fiscal 2017.
Harris provides IT and engineering managed services to US government agencies, including supporting NASA´s Space Communications Network and Deep Space Network programs, and operates within the company´s Critical Networks segment.
In connection with the announcement, Harris´ air traffic management business will now operate as part of the company´s Electronic Systems segment.
Veritas Capital invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education.
Harris Corporation is a technology innovation company.
Dos Rios Partners, a Texas-based private equity firm, has partnered with Chuck Constant and Pete Henrikson of Phoenix Aviation Group of Dallas, Texas to acquire Pathfinder from its founder and previous owner, Michael Fell, the firm said.
Constant and Henrikson will lead the company as CEO and EVP of Operations, respectively. Both Constant and Henrikson bring deep international aviation and safety experience to the team.
Pathfinder was founded in 2000 by Mike Fell to provide aviation services to the Alaskan market and beyond. With its rich history of operating fixed-wing aircraft and helicopters in Alaska and other locations around the world, Pathfinder has proven to be a strong international aviation company serving customers year-round in the North Slope & Cook Inlet.
Pathfinder provides aviation services using a variety of aircraft, which can range from light to heavy twin rotary wing and twin turbo to jumbo fixed wing aircraft. It operates aircraft in support of Hilcorp, Caelus Energy and other tier 1 oil companies as well as state/federal customers. The fleet consists of the Viking Twin Otter DHC-6 and Bell 206/407/212 helicopters.
Dos Rios Partners is a private equity group formed to invest in junior securities of proven, growing niche businesses with approximately USD 2 — USD 12m in EBITDA, generally alongside strong, motivated sponsors and management teams. The firm has offices in Austin/San Antonio, Dallas/Fort Worth, and Houston.