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NXP RF Airfast multi-chip modules support NEC and Rakuten Mobile in the rollout of 5G

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NXP’s RF Airfast multi-chip modules offer a common footprint across frequency and power for different regions
NXP’s RF Airfast multi-chip modules offer a common footprint across frequency and power for different regions
NXP’s RF Airfast multi-chip modules offer a common footprint across frequency and power for different regions

TOKYO and EINDHOVEN, The Netherlands, Oct. 12, 2020 (GLOBE NEWSWIRE) — NXP® Semiconductors N.V. (NXP; NASDAQ: NXPI) and NEC Corporation (NEC; TSE: 6701) today announced that NEC selected NXP to supply RF Airfast multi-chip modules to be used in a Massive MIMO 5G antenna Radio Unit (RU) for Rakuten Mobile, one of Japan’s leading mobile network operators.

NEC’s Massive MIMO 5G antenna RU features a 5G open virtual radio access network (vRAN) interface and has been adopted by Rakuten Mobile for its fully virtualized cloud-native mobile network. The RU utilizes extremely accurate digital beam forming for efficient high-capacity transmission and is

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  • NEC Corp will purchase fintech software provider Avaloq for $2.2 billion as it expands into financial services.
  • The deal will likely benefit both firms in terms of increased revenue gains.

The Japan-based technology giant stated that it’ll acquire Switzerland-based fintech software provider Avaloq from private equity firm Warburg Pincus and other shareholders, per Reuters.

Top global wealth managers' view on their digital transformations

NEC Corp will purchase Avaloq as it expands into financial services.

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NEC offers digital solutions to global clients cross-sector, including aerospace, telecoms, and finance, and plans to acquire 100% of Avaloq’s shares by April 2021. Avaloq, which offers core banking and centralized data platform solutions to its 150-plus clients, representing approximately $4.5 trillion in client assets, will continue to operate as a separate entity following the completion of the deal.

NEC has been on an acquisition spree as it seeks to maximize profits, and the latest purchase aims to expand its presence in

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Adds context, background

TOKYO, Oct 5 (Reuters)Japan’s NEC Corp 6701.T said on Monday it had agreed to buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into digital finance software.

The deal is expected to be completed by April 2021 after necessary approvals, NEC said in a statement. Source text for Eikon:

Privately-held Avaloq, the top provider in Europe of financial asset management software, reported sales of 610 million Swiss francs ($664 million) last year, 70% of which came from Europe.

NEC has spent the last decade restructuring unprofitable units that lost business to price-competitive Asian rivals, selling its semiconductor, personal computer and smartphone units.

The company has since focused on providing governments and businesses with solutions services using its technologies in biometrics, healthcare, data analyses and telecommunications.

It recently received a 64.5

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NEC has agreed to acquire Avaloq in order to secure a global pathway into the digital payments market. 

Announced on October 5, the deal will bring Avaloq under the Japanese IT group’s umbrella, although Avaloq will continue to operate using its own brand. 

Under the terms of the agreement, NEC will pay CHF 2.05 billion, or approximately $2.23 billion, for 100% of Avaloq shares. At present, 45% is owned by global private equity firm Warburg Pincus, whereas the rest are held by the firms’ founders and employees. 

Founded in 1985, Avaloq is an IT solutions company now specializing in banking, wealth management, and the digital payments space. The firm has developed business process as a service (BPaaS) and software as a service (SaaS) cloud solutions for banks and financial organizations. 

See also: Infosys acquires GuideVision in European services push

Headquartered in Switzerland, Avaloq is listed on the Tokyo stock exchange

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TOKYO (Reuters) – Japan’s NEC Corp 6701.T said on Monday it will buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into finance software.

NEC will acquire unlisted Avaloq, Europe’s top provider of financial asset management software, from Avaloq’s founder and employees and private equity firm Warburg Pincus, which has a 45% stake and engineered the sale.

Avaloq, whose customers include Deutsche Bank DBKGn.DE and HSBC HSBA.L, reported sales of 610 million Swiss francs ($664 million) last year, 70% of which came from Europe.

The deal will allow NEC to offer cloud services acquired through the merger combined with its own biometrics and data analysis products to financial institutions and governments as digitalisation gathers pace.

It has spent the last decade restructuring unprofitable units that lost business to price-competitive Asian

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TOKYO (Reuters) – Japan’s NEC Corp 6701.T said on Monday it had agreed to buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into digital finance software.

The deal is expected to be completed by April 2021 after necessary approvals, NEC said in a statement. Source text for Eikon:

Privately-held Avaloq, the top provider in Europe of financial asset management software, reported sales of 610 million Swiss francs ($664 million) last year, 70% of which came from Europe.

NEC has spent the last decade restructuring unprofitable units that lost business to price-competitive Asian rivals, selling its semiconductor, personal computer and smartphone units.

The company has since focused on providing governments and businesses with solutions services using its technologies in biometrics, healthcare, data analyses and telecommunications.

It recently received a 64.5 billion yen ($560 million) investment from

Read More