Ericsson completes MediaKind sale

first_img Ericsson, Leonardo team on 5G products MásMóvil amplía su contrato con Ericsson Ericsson completed the sale of a majority stake in its media business, a deal which was delayed due to the complexities of splitting out its operations to become a standalone operation.The Swedish vendor sold a majority stake in the unit, MediaKind, to private equity company One Equity Partners, although it retains a substantial (49 per cent) stake. The deal will also have a positive impact on Ericsson’s operating income for Q1 2019 to the tune of between SEK400 million ($44.1 million) and SEK600 million.Ericsson had been reviewing the options for its media operations for some time, although it looks as though it was not overburdened with options. It opted not to sell one of the constituent parts, Red Bee Media, after bids failed to meet its expectations.But, it also said it always intended to keep a stake in what became MediaKind, due to the cross-over between big customers.The deal was initially scheduled to be completed in Q3 2018, although this was subsequently pushed-back to Q4. In the end, the transaction date was 31 January 2019. Subscribe to our daily newsletter Back Steve Costello Tags Home Ericsson completes MediaKind sale EricssonmediaOne Equity Partners Relatedcenter_img Author Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 FEB 2019 Español Former Ericsson employees charged in bribery case Previous ArticleAltice lining up another asset dealNext ArticleSunrise considers cable deal with Liberty last_img read more

Frazer-Nash to Back Marine Farm Accelerator

first_imgFrazer-Nash has won a commission to help support the Marine Farm Accelerator (MFA) − an Offshore Renewable Energy (ORE) Catapult programme which is being delivered in collaboration with the Carbon Trust.With commercial-scale marine energy farms close to deployment in UK waters, the MFA is working to develop technologies that are essential for these energy arrays, by accelerating their development and enabling future cost savings. Yield optimisation is one of the programme’s key focus areas.Neil Adams, Group Leader at Frazer-Nash, explains:“Frazer-Nash has been appointed to give a clear overview of the approaches used for energy yield and uncertainty assessment across the wave and tidal energy industry and the relative pros and cons of each. This will be a major step forward in standardising the approaches takenacross the industry.“It builds on our previous experience of performing energy yield predictions and uncertainty estimation for marine schemes. Our work will help developers and investors involved in accelerating the commercialisation of marine energy.”The development of best practice guidance for wave and tidal energy yield uncertainty assessments will deliver substantial benefits for the industry:For the MFA’s key stakeholders, it will, as one element of other focus areas, help identify aspects of the process with the greatest uncertainties and enable them to direct their efforts where they can provide maximum benefit for the industry.For investors, it will enable them to compare potential projects on a like-for-like basis, helping them to decide where and how to invest their capital.For project developers, it will increase their understanding of the risks associated with projects and present them in a transparent way, which in turn will help attract investment. Press release; Image: ORE Catapultlast_img read more

Caster Semenya allowed to compete without medication lowering her testosterone after IAAF ruling suspended

first_img 8 MOST DANGEROUS RAINS of All Time | TOP 10 INTERESTING Rebekah Vardy scores an impressive penalty in six-inch heels Source: Athletics – thesun.co.uk Funny Moments Of Football Travel Diary // Vietnam 2017 Amazing movies best funny animalscenter_img Animals are so funny that you can die of laughter CASTER SEMENYA can keep racing without medication to lower her testosterone levels after a controversial IAAF ruling was suspended.The double Olympic 800m champion won an appeal against a rule change forcing her to alter hormone levels to compete in 400m to 1500m events.Middle-distance star Caster Semenya can run without taking substances to lower testosterone but the IAAF could yet fight backAP:Associated PressSouth African Semenya, 28, was overjoyed at the verdict – but the IAAF have until June 25 to respond as the debate still rages.After successfully appealing against athletics’ chiefs, Semenya released a statement saying: “I am thankful to the Swiss judges for this decision.“I hope that following my appeal I will once again be able to run free.”The four-time world champ had lost a landmark case five weeks ago.The Court of Arbitration for Sport decided then she might have to lower her levels of testosterone.But Cas accepted the regulations might not be sustained and could even be delayed for more detailed scientific research.And now Semenya has had the ruling suspended by the Swiss Supreme Court.Her status and career were first undermined when it was revealed she was subjected to gender testing in 2009.CONTROVERSY CONTINUESSome thought the tests were demeaning while others argued they were necessary.The results were never made public but it is understood Semenya was found to have both male and female characteristics. Semenya, though, continued to compete and add to her titles.Then research commissioned by the IAAF in 2017 suggested female athletes with higher testosterone levels had a competitive advantage of up to three per cent over other runners.Semenya, backed by South African athletics chiefs, fought the ruling.She argued there was no proof high testosterone levels were a benefit to “DSD” [disorders/differences in sex development] athletes. Semenya claimed the ruling was “discriminatory, unnecessary, unreliable and disproportionate” and should be “declared invalid and void with immediate effect”.The arguments and legal wrangled have merely increased in the past two years.And with the IAAF pondering what action to take next, neither side can yet claim “victory” or a decisive verdict. Funny animals make you happy and laugh funny animal compilation What’s This “Trick” Called? Comment Down Below!!last_img read more