M&A

Nokia buys Siemens out of NSN for €1.7bn

Finland’s Nokia said Monday it has agreed to acquire Siemens’ entire 50 per cent stake in equipment joint venture Nokia Siemens Networks for a total of €1.7bn.

Oracle targets Tekelec in acquisition spree

Continuing its telco-centric spending spree, US IT solutions provider Oracle announced on Monday its intention to acquire network signalling and policy control specialist Tekelec.

WeDo looking for Asian partner

Flushed with success from the acquisition of US-based Connectiv Solutions, Portuguese revenue assurance specialist WeDo is now looking for an acquisition target in Asia.

Liberty Global eyeing up Virgin Media

International cable operator and media company Liberty Global is in talks with Virgin Media to buy out the UK-based cable operator and mobile service provider in a deal that could shake up the UK market.

AT&T buys rural CDMA player Alltel

US carrier AT&T said Tuesday it has agreed to acquire the retail wireless operations of Atlantic Tele-Network, which operates under the Alltel brand for $780m in cash.

Ericsson picks up IT services expertise

Swedish equipment manufacturer Ericsson has announced its intention to acquire the IT services capabilities of the Devoteam Telecom & Media operation in France.

Cisco reveals service management strategy with statement of intent to buy Broadhop

Consolidation continues apace in the worlds of service and traffic management with the news that Cisco intends to acquire its long-time partner Broadhop. The acquisition would be a significant development for Cisco which has something of a history in network management, but has until now been a relative bit-part player in service management, working mainly through partnerships with the likes of Broadhop and others.

Austrian mobile mergers under scrutiny

Austria was a hotbed of activity towards the end of this week as the Austrian Federal Competition Authority applied for an in-depth assessment by the Cartel Court of Telekom Austria’s proposed acquisition of MVNO brand YESSS!

Timing, price and opportunity are right for America Movil to invest in Europe

The diminished room for growth in Latin America and the negative macroeconomic situation and operating environment in Europe mean that times are ripe for America Movil to launch into a European expansion campaign. In Latin America, the cash-rich Mexico-based telecoms group has a history of buying troubled operators at good prices to turn them into profitable companies, by exploiting synergies and developing efficient operations.

Nokia snaps up imaging tech with Scalado buy

As the quest for talent and intellectual property continues apace, Nokia on Thursday picked up Sweden-based imaging specialist Scalado, securing itself a royalty revenue stream from the editing, enhancing, viewing and sending of images on mobile devices.

Google buys Quickoffice, Meebo

Web giant Google is on the acquisition trail, having this week forked out for social engagement platform Meebo and mobile office suite Quickoffice.

NSN sells microwave backhaul business

Wireless networking kit vendor DragonWave on Friday announced plans to acquire the microwave transport business of Nokia Siemens Networks. The price is around €15m with extras and performance related payouts potentially raising the value of the transaction to above €80m.

Interoute builds on cloud services with Quantix acquisition

European backbone network operator Interoute has strengthened its offering in the cloud services space with the acquisition of UK-based Quantix. The purchase adds managed application services to Interoute’s unified computing and managed hosting portfolio, allowing the firm to manage international customers’ database applications, including Oracle and SQL, as a cloud based service.

US politicians ask Obama to approve AT&T/T-Mobile merger

US President Barack Obama has received a letter from 15 lawmakers calling for his administration to approve the merger between AT&T and T-Mobile. The letter, put forward by member of congress Heath Shuler and 14 other Democrats, said that the proposed merger of AT&T and T-Mobile USA would help solve America’s jobs crisis by reducing unemployment, encourage private investment and promote new and innovative technologies that will drive job creation.

US DoJ moves to block AT&T/T-Mobile deal

The US department of Justice has filed a civil antitrust lawsuit in a bid to block AT&T’s proposed $39bn acquisition of T-Mobile’s US operation, claiming that the deal would “substantially lessen competition” in the US wireless sector. If successful, said Deputy Attorney General James M. Cole, the move would result in higher prices and lower quality for consumers.

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