On Friday, BlackBerry Ltd (NASDAQ:BBRY)’s shares declined -2.41% to $7.28.
BlackBerry Limited (BBRY)(BB.TO), a global leader in secure mobile communications, recently declared that it has reached a definitive agreement to acquire Good Technology for $425 million in cash.
The acquisition of Good is aligned with BlackBerry’s strategy to offer customers the most complete, end-to-end solution that secures the entire mobile enterprise, across all platforms. Improved by Good, BlackBerry will expand its ability to offer a unified, secure mobility platform with applications for any mobile device on any operating system – supported with security that has been certified by governments around the world embedded in every component of the mobility infrastructure.
Good will bring complementary capabilities and technologies to BlackBerry, counting secure applications and containerization that protects end user privacy. With Good, BlackBerry will expand its ability to offer cross-platform EMM solutions that are critical in a world with varying deployment models such as bring-your-own-device (BYOD); corporate owned, personally enabled (COPE); in addition to environments with multiple user interfaces and operating systems. Good has expertise in multi-OS administration with 64 percent of activations from iOS devices, followed by a broad Android and Windows customer base.(1) This experience combined with BlackBerry’s strength in BlackBerry 10 and Android administration – counting Samsung KNOX-enabled devices – will provide customers with raised choice for securely deploying any leading operating system in their organization. The proven Good Dynamics platform provides app-level encryption, advanced data loss prevention and secure communication between applications. The platform has more than 2,000 independent software vendor and custom applications built recently.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data. It also provides BlackBerry 10 smartphones; BlackBerry Enterprise Service (BES) 10 and BES 12, which are enterprise mobility administration solutions; QNX software for embedded markets; cloud-based BlackBerry Internet of Things platform; and BBM, an instant mobile to mobile private messaging service.
Noble Energy, Inc. (NYSE:NBL)’s shares gained 1.45% to $30.73.
Noble Energy, Inc. (“Noble Energy”) (NYSE: NBL) continues to work diligently with the government of Israel to address matters necessary to facilitate the development of its world class discoveries at Tamar and Leviathan and ensure a stable investment climate. David L. Stover, Noble Energy’s Chairman, President and CEO, commented:
“Under the leadership of the Prime Minister and the Minister of Energy and Water Resources, a regulatory framework meeting these objectives has been overwhelmingly approved by the Israeli cabinet and yesterday was presented to the Knesset. It is imperative that the government of Israel follow through on this approved framework without further delay. Noble Energy remains fully prepared, and is well positioned, to take the actions necessary to protect the value of its assets.”
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Its principal projects are located in onshore DJ Basin and Marcellus Shale, the United States; the deepwater Gulf of Mexico; offshore West Africa; and offshore Eastern Mediterranean. As of December 31, 2014, the company had about 1,404 million barrels oil equivalent of total proved reserves. Noble Energy, Inc. was founded in 1932 and is headquartered in Houston, Texas.
At the end of Friday’s trade, Frontier Communications Corp (NASDAQ:FTR)‘s shares dipped -2.36% to $5.39.
Frontier Communications (FTR) applauded recently’s decision by the Federal Communications Commission (FCC) approving its projected acquisition of Verizon’s wireline, broadband and video operations, counting the FiOS® network, in California, Florida and Texas. The company is presently also seeking approval from the California Public Utilities Commission and the Public Utilities Commission of Texas, and has received Hart-Scott-Rodino federal antitrust clearance. Pending commission approval in Texas and California, the company anticipates to close the transaction at the end of the first quarter of 2016.
Daniel J. McCarthy, Frontier’s President and Chief Executive Officer said, “We are happy the FCC moved swiftly and smartly to approve this acquisition, releasing an Order in advance of the FCC’s internal deadline for review of such transactions. The FCC views this transaction as being in the public interest and benefiting customers in the three attained states. We agree, and believe it will further benefit those across the rest of the Frontier footprint as well. By doubling our size, we will add scale and scope to our operations, strengthen our product and service offerings, and improve the customer experience. We look forward to demonstrating our commitment to broadband investment and deployment in California, Florida and Texas. Soon, consumers and businesses in these states will benefit from our extensive experience, our high-touch local engagement administration model, the focused use of the fiber-rich network, and our active involvement in the communities we serve.” McCarthy added, “Our aim is to deliver the life-changing benefits of broadband to an additional 750,000 households at speeds of 25Mbps/2-3Mbps across the entire Frontier multi-state footprint, counting California, Florida and Texas, by the end of 2020.”
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, in addition to traditional copper-based broadband products; and commercial services, counting Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services.
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