Feeds

Vodafone and Verizon ditch IPO plans

And more dotcom tittle tattle

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Vodafone and Verizon have pulled the $80 billion float of joint venture Verizon Wireless for the old "market volatility" reason. The money was needed to capture one of the American mobile telephone licences, up for grabs soon. A postponement of the float until next year means the two0 companies will have to borrow the $5 billion they expected to raise.



Reuters is planning to float its electronic dealing platform Instinet in the first half on next year. The float would be worth around £3 billion and would see Reuters retain the majority share. The money would go into further expansion. Instinet offers banks and investors equity trading. Its sales leapt by half in the first six months of this year while operating profit went up 5 per cent to £84 million.




Vivendi's 22.7 per cent stake in BSkyB - which has to be sold within two years for it to acquire Seagram - may be sold to Sky Global Networks, part of The News Corporation, which already owns 37.5 per cent of BSkyB. BSkyB may then be pulled into Sky Global Networks with other satellite interests to make a floatable company.




nCipher plc - which develops Internet security products for e-commerce and Public Key Infrastructure (PKI) applications - has announced pricing details of its offer of ordinary shares to institutions and employees. The share price has been set at 275p, giving the company a market cap of some £333 million. If all goes to plan nCipher plans to raise £85.4 million.




SurfControl plc - which provides net filtering software - reported a $3.1m loss for Q1 ended 31 August against revenues of $6.7 million. ®



Want more? Go here Just keep it under your hat, OK?

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
NATO declares WAR on Google Glass, mounts attack alongside MPAA
Yes, the National Association of Theater Owners is quite upset
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.