tag: acquisition

merger-absorb

Mitel agrees deal to acquire Mavenir, targets IP comms growth

Enterprise communications solutions provider Mitel has confirmed it plans to acquire communications network software vendor Mavenir, after entering a definitive merger agreement. The agreement will see Mitel acquire all outstanding shares of Mavenir common stock in a cash and stock deal valued at approximately $560 million.

Orange logo on building

Orange to buy out Orascom in Egypt’s Mobinil

Orange has announced it has entered into an agreement to buy out Orascom Telecom Media and Technology (OTMT) in the Egyptian Company for Mobile Services (ECMS), which operates under the Mobinil brand.

SFR

Altice to acquire remaining 20% SFR shares, buys out Vivendi

French cable group Altice has announced it has made a formal bid to acquire the remaining 20% of its recently acquired subsidiary SFR’s shares from previous majority owner Vivendi. The billionaire Patrick Drahi-led company and the newly formed Numericable-SFR have made an offer to pay €40 per share.

mtn

MTN mulls Telkom move – report

MTN is looking into the possibility of acquiring a majority stake in fellow South African telco Telkom in a bid to challenge the country’s dominant provider Vodacom, a Bloomberg report has claimed.

merger-absorb

Brocade to snap up Riverbed’s SteelApp biz in NFV play

Storage and networking tech vendor Brocade has signalled its intent to acquire Riverbed Technology’s SteelApp portfolio, which includes a virtualized application delivery controller for cloud-based applications.

TeliaSoneraBrand

TeliaSonera concessions clear Tele2 Norway acquisition

Nordic operator TeliaSonera has been given the go-ahead by regulators to complete its proposed acquisition of Tele2’s Norwegian assets for Swedish krona 4.5 billion on a cash and debt free basis.The approval from the Norwegian Competition Authority (NCA), however, didn’t come without some heavy concessions.

BT Sevenoaks workstyle building

BT agrees to buy EE for £12.5bn to create a multiplay powerhouse

Things are set to get a lot more difficult for all other UK telco and content players. The country’s dominant fixed line operator and its largest mobile operator have agreed on a price for the former to buy the latter, having first announced the potential move late last year. The combined operations will have a distinct advantage in the delivery of combined communications services, generally referred to as multiplay.

Verizon logo office

Verizon to sell off towers and part of fixed-line business – report

Verizon Communications, the parent company of US operator Verizon Wireless, is about to sell off some of its assets including mobile towers and parts of its fixed-line business, a report by the Wall Street Journal has claimed. The company is said to be selling the assets in several separate deals whose value could be over $15 billion.

at&t

AT&T 2014 results show strain but top analyst expectations

AT&T has posted its 2014 full year results, showing financial strain as it made a loss of nearly $4 billion in the last quarter alone. However, the operator still managed to exceed analyst expectations, albeit narrowly as it earned 55 cents per share (excluding exceptional items), a penny more than expected.

AT&T logo office

AT&T set to continue Mexico expansion with Nextel acquisition

AT&T has announced it has entered into an agreement with NII Holdings to acquire its subsidiary Nextel Mexico for approximately $1.88 billion (less outstanding net debt). The move, which will increase AT&T’s Mexican subscriber base by three million if approved, comes shortly after the US telco completed its Iusacell buy.

corporate_all_hutchisonhouse_resize

Merger of O2 and 3 not an instant fix, say analysts

Following confirmation form both Hutchison Whampoa and Telefónica the two indeed are in official talks over the sale of Telefónica’s O2 to 3’s owner Hutchison, industry analysts have been quick to offer their views on how this proposed bid would affect the UK mobile market if approved. It seems it is a thorny issue.

Telefonica logo office

Hutchison Whampoa and Telefónica confirm O2 UK sale talks

Following an early leak of the news both Hutchison Whampoa and Telefónica have confirmed that the two companies are in exclusive negotiations over the sale of UK operator O2, currently owned by Telefónica, to Hutchison, the owner of 3 UK.

at&t

AT&T begins forming US/Mexico single North American service area

US operator AT&T has announced unlimited calls at no additional cost to all Mexican numbers as part of its international World Connect Value offering. This follows AT&T’s finalised $2.5 billion acquisition of Mexican Iusacell last week, and could be the first sign of the US telco’s previously stated plan to create a single North American service area covering the US and Mexico.

Telefonica logo office

Hutchison, Telefónica in merger talks over O2, Three – report

Hong Kong-based Hutchison Whampoa and Spain’s Telefónica are in talks over a possible merger of their respective UK subsidiaries Three and O2, according to a report. Following BT’s preliminary talks with owners of EE, Orange and Deutsche Telekom (DT), as well as Telefónica over O2, it was reported Hutchison was also preparing to bid for one of the two UK operators.

yumobile logo

Essar exits telecoms with yuMobile sale to Safaricom, Airtel

India-based investment group Essar has completed the sale of its Kenyan mobile operator yuMobile, officially known as Telekom Kenya Limited (ETKL), marking the firm’s exit from the telecoms business. Fellow Kenyan operator Safaricom acquired yuMobile’s network, IT and office infrastructure assets, while Airtel has taken over its 2.55 million subscribers.

Telstra is looking to plug into APAC for a bargain price

Telstra $697m acquisition of Pacnet goes ahead

Australian telco giant Telsta has confirmed it is proceeding with the acquisition of trans-Pacific cable and data centre player Pacnet. As ever the $697 million deal is subject to regulatory approval, but assuming it goes through it will give Telstra a foothold in China, a bunch of data centres and services including SDN (software defined networking).

The transaction clock has been stopped

Comcast Time Warner Cable deal delayed further by FCC

The $45 billion megadeal that will consolidate the US cable market faces yet another delay in its completion thanks to a bunch of documents Time Warner Cable (TWC) has only just presented to the US telco regulator, the FCC, despite the deal first being announced almost a year ago.

The new trials will add flexibility to BT's FTTP rollout

BT formally moves to acquire EE in bid to dominate UK telco market

Former UK telco monopoly BT has announced it has chosen the UK’s biggest mobile operator – EE – for exclusive acquisition talks, having previously conceded it was looking at O2 or EE. If the deal goes through BT would occupy a dominant position in the UK telco market as it already owns substantial fixed-line assets as well as a significant chuck of exclusive content and some 4G spectrum of its own.

Liberty Global wants to expand in Latin America

Liberty Global set to begin LatAm acquisition spree with Choice

Liberty Global has announced that together with investment firm Searchlight, it has signed an agreement to acquire Puerto Rican Choice Cable, the territory’s second largest cable and broadband services provider. If successful in its bid, the cable giant will merge Choice with its subsidiary Liberty Cablevision Puerto Rico (LCPR).

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