Telus (NYSE:TU) has an agreement to acquire Berlin-based Competence Call Center, a privately owned business services provider.
The deal comes through Telus International for about €915M (about C$1.3B) in debt and equity.
That would expend Telus International’s enterprise value to about C$5B, the company says.
“Moreover, the acquisition of Competence Call Center further bolsters the continued advancement of Telus International’s successful growth strategy by positioning them well for a potential future initial public offering targeted in the next 12-24 months, positioning the organization for continued growth in the years to come,” says Telus CEO Darren Entwistle.
Spark NZ cloud unit selling network services operations
Spark New Zealand’s (OTCPK:SPKKY) cloud services unit, Computer Concepts, has agreed to sell its network services division to a member of management.
Computer Concepts’ GM of network services, Mark Jurgeleit, will acquire the operating parts and set it up as a new business called Octave.
And Octave will be tapped by Computer Concepts as a subcontractor to deliver network services, which should mean no disruption or change for current customers.
Amazon, UPS testing cargo bikes in NYC
Amazon (AMZN +0.3%), UPS (UPS +0.5%), and DHL are the first members of a pilot program testing cargo bikes to reduce congestion below 60th Street in Manhattan.
The Commercial Cargo Bike Pilot Program launches today and involves bikes with large storage containers attached. The NYC Department of Transportation aims to have 100 cargo bikes in the program.
Starting in 2021, NYC plans to implement a “congestion pricing” plan that will charge vehicles entering the area during peak times as much as $14. Commercial trucks will have to pay a $25 toll.
Apple’s 5G iPhone ‘top priority’ – Qualcomm
Qualcomm (NASDAQ:QCOM) President Cristiano Amon says launching Apple’s (NASDAQ:AAPL) 5G iPhone “as fast as we can” is the top priority.
Though the companies have a multiyear agreement for the Snapdragon modem, Amon says that QCOM “has no expectations on front end,” especially because the Apple-Qualcomm truce likely happened after the new phone’s production cycle had started.
WeWork China sets ambitious 2020 sales goal
WeWork China (WE) plans to bring in $30M in non-core revenue in 2020 and for that revenue to represent more than 6% of its total earnings in the region, according to Reuters.
The figures suggest a 2020 revenue goal of $500M in China.
WeWork owns a roughly 59% stake in the China unit, which generated $99.5M in revenue last year.
The China sales targets were revealed during an employee meeting, but management didn’t provide details on how the goal would be achieved.
WeWork rents out spaces in 120 buildings across 10 cities in China. Occupancy rates were around 60% at the end of September, according to internal data.
