Alcatel-Lucent, China Huaxin close sale deal

Alcatel-Lucent has announced that it has closed the sale of its subsidiary Alcatel-Lucent Enterprise to China Huaxin Post & Telecommunication Economy Development Center. Cash proceeds to Alcatel-Lucent are €202-million. As previously announced, Alcatel-Lucent will...

Lenovo, IBM to close server deal

Lenovo and IBM have announced that conditions for Lenovo’s acquisition of IBM’s x86 server business have been satisfied and the parties anticipate they will begin closing the transaction, effective on 1 October 2014. The acquisition will make Lenovo the third-largest...

Schneider Electric, Zimbabwe sign deal

Schneider Electric, the specialist in energy management, has announced the signing of an exclusive agreement with Samansco, a local renewable energy, back-up power and appropriate technology company, to distribute its solar powered portable LED lamps with mobile...

Phoenix takes on Logitech distribution

Phoenix Distribution has inked a distribution deal with peripherals vendor Logitech. The terms of the deal will see Phoenix distributing Logitech’s flagship offerings including mice, keyboards, Web cams, speakers and notebook accessories, in South Africa and across...