Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
All regulatory approvals have also been obtained, so the takeover of the IP telephony and unified communications company should be completed by the end of October 2007.
The agreement values Avaya at $US8.2 billion. Shareholders will be paid $US17.50 cash per share.
Avaya shares closed at $US16.99 on Monday, and fell to $16.96 in after-hours trading.
Other companies in Silver Lake's portfolio include Avago (formed from Agilent's semiconductor division), industry analyst firm Gartner, Network General (McAfee's former Sniffer business), drive manufacturer Seagate, and media and entertainment technology company Thomson.
TPG is also an investor in Seagate.
In other news, Silver Lake Partners and ValueAct Capital Partners have dropped their bid for customer and information management specialist Acxiom.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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