Tenet Fintech Group Inc. (CSE: PKK, OTC Pink: PKKFF)
Commercial Lending in China Ready to Tenet!
Cisco Systems (NASDAQ:CSCO) used its “Internet for the Future” event to unveil its Silicon One design, a single-chip architecture it says will work well in routing gear as well as switching gear, with better data management.
The chip is already being used in crucial equipment by Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT), the companies said.
It’s powering Cisco’s 8000 series routers and will be central to future routers. Its first generation registers 10.8 Tbps in bandwidth; the company is eventually targeting 25 Tbps.
The company spent years and $1B developing the new approach.
Key to Cisco’s strategy going forward will be combining core strengths in its new silicon architecture with optics (note Cisco’s deal to acquire Acacia Communications).
Telus (NYSE:TU) has announced a debt offering in two tranches.
The company is offering C$600M in senior unsecured series CAA notes with a 10-year maturity, and C$400M in senior unsecured series CAB notes with a 30-year maturity.
The 3.15% 10-year notes were priced at C$99.649 per $100 principal, with an effective yield of 3.19%. The 3.95% 30-year notes were priced at C$99.154 per $100 principal, for an effective yield of 3.998%.
The telecom will use proceeds to repay existing indebtedness, including outstanding commercial paper and reducing cash outstanding under an arm’s length securitization trust.
Viasat (NASDAQ:VSAT) has launched availability of residential satellite service for customers in Mexico.
Speeds in select areas will reach up to 50 Mbps, the company says, allowing for consumption of streaming content as well as video calls and other uses.
It will use bandwidth from Viasat-2 and roll out across the country in early 2020.
WeWork (WE) China’s rival Ucommune files to list its American depositary shares on the NYSE under the ticker “UK.”
Ucommune reports $122.4M in revenue and an $0.81 loss per share for the nine months ending on September 30.
The filing has a placeholder value of $100M.
PE firm Francisco Partners Management is partnering with Elliott Management in a bid to take LogMeIn (NASDAQ:LOGM) private, according to Bloomberg sources.
The firms are in advanced talks for the more than $4B deal, which could be announced in the coming weeks.
No final decision has been made, and the details could still change.
LogMeIn shares raised more than 10% after the story. LOGM is currently up 7.3% to $79.43.
