Stories about: TPG

For the majority of those looking to upgrade to broadband Internet for the business or home, it's all about the extra speed.

3Com may not be the only company Nortel is interested in. The Canadian telecom giant might also be sizing up four others for acquisition, according to an investor bulletin issued this week by UBS Warburg.

News that 3Com may be an acquisition target is not surprising, given the company's depressed stock price and investor impatience, analysts say.

By the time the board of retailing giant Coles Group recommended Wesfarmers' $21.9 billion takeover bid this week, the company had been in play for over a year. During that time its executives had to steer a steady course; maintaining shareholder value and positioning the business for future growth - setting to one side the knowledge that everything being done today could be unravelled tomorrow by a new owner.

The US$8.2 billion buyout of Avaya by Silver Lake Partners and the Texas Pacific Group will change how the VOIP vendor will operate and interact with customers. Avaya Chief Operating Officer Mike Thurk discussed where the company goes from here with Network World Senior Editor Phil Hochmuth.

For the price of US$8.2 billion, private equity firms Silver Lake and TPG Capital have offered to take Avaya private. This is the largest such transaction ever in the enterprise networking and communications arena. And it's a positive development for Avaya's shareholders, employees and most importantly its customers.

Avaya today announced it has entered into a merger agreement with two private equity firms, Silver Lake and TPG Capital for approximately $8.2 billion.

Network equipment manufacturer Avaya late Monday agreed to a US$8.2 billion cash buyout by private equity firms TPG Capital and Silver Lake Partners, the companies announced.

Retail giant Myer today announced a five year IT outsourcing deal with IBM Australia.

Mobile applications developer MobiData has acquired local software development business, TSG, in order to grow its library of development tools for a variety of mobile operating systems.

The Australian Broadcasting Authority has announced the allocation of 30 digital pay-TV licences to Access1 Pay Television (APT), and 22 licences to TPG TV (TPG).