M&A

Dropcam acquired by Google Nest

Home security camera firm Dropcam said Monday that it has signed an agreement to be acquired by Google-owned Nest, the maker of connected home products like thermostats. The price tag is thought to run to $555m in cash.

Telecom New Zealand adds more cloud to arsenal

Telecom New Zealand on Wednesday announced that it has agreed to acquire business cloud services specialist Appserv, building on other recent acquisitions in the space and giving Telecom NZ greater leverage in the enterprise sector.

Cisco adds virtualization specialist to line-up

Networking giant Cisco is to acquire privately held Tail-f Systems, a specialist in multi-vendor network service orchestration for both traditional and virtualized networks, for $175m in cash.

Level 3 spends $5.7bn on US network

Networking specialist Level 3 Communications has agreed to make an acquisition move on US-focused enterprise networking firm tw telecom for $5.7bn. The deal values tw at approximately $7.3bn, including the assumption of approximately $1.6bn of net debt.

Apple wraps up $3bn Beats acquisition

Apple confirmed rumours on Wednesday night with an agreement to acquire subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, founded by rapper Dr Dre.

Carphone Warehouse and Dixons to merge

UK mobile phone retailer and service provider Carphone Warehouse has agreed to merge with electronics giant Dixons, marking a push into the high street when many shops are closing down.

Telefonica makes move on Spanish pay TV provider

Spanish carrier Telefónica on Tuesday announced that it has made a €725m bid for 56 per cent of Distribuidora de Televisión Digital, a Spanish pay-TV provider that operates under the Digital Plus brand.

Etisalat offloads African operations to Maroc Telecom

Emirates-based Etisalat has signed an agreement to sell its holdings in Benin, the Central African Republic, Gabon, the Ivory Coast, Niger and Togo, to Maroc Telecom for $650m. The units all operate under the Moov brand but the agreement also covers Ivory Coast-based IT services provider Prestige Telecom.

South African mobile reseller shuts up shop

South African mobile service reseller Nashua Mobile, which trades in subscriptions for the country’s main operators, is to close operations and sell its 750,000 users to Vodacom and MTN. The company is also looking to offload its Cell C customer base to a third party.

SFR fields merger bids from Bouygues, Altice

French conglomerate Vivendi was on Thursday fielding two competing bids for France’s second largest mobile operator, SFR. Both Bouygues Telecom and French cable operator Altice submitted merger offers.

Astellia acquires Ingenia Telecom

Network intelligence firm Astellia has acquired Ingenia Telecom, a mobile network monitoring and analysis firm, for an undisclosed sum.

Rakuten pays out $900m for Viber

Japanese conglomerate Rakuten, owner of online retailer Play.com, has acquired popular over the top messaging and VoIP developer Viber for $900m.

Comcast picks up Time Warner cable for $45bn

Two of the biggest cable networks in the US on Thursday agreed to a monster $45.2bn deal that will see Comcast acquire 100 per cent of Time Warner Cable. The transaction will generate approximately $1.5bn in operating efficiencies but will need to be cleared by regulatory and competition authorities.

Teoco buys up Aircom

Assurance, analytics and optimisation firm Teoco has acquired rival Aircom International for an undisclosed sum.

Telefónica confirms Czech exit with sale to PPF

Spain’s Telefónica has confirmed that it is to exit the Czech and Slovak Republics through the sale of its holdings in the markets to Czech investment group PPF. Telefónica said in October that it was exploring its options in the Czech Republic, as part of a wider process of withdrawal from non-core markets.

Etisalat to win control of Maroc Telecom

The struggle for control of Maroc Telecom, which has been rolling on since the start of the year, looks to be at an end. Emirates-based Etisalat signed a €3.9bn deal to acquire a controlling stake on Tuesday.

IBM to acquire The Now Factory in big data telecoms play

IBM on Tuesday announced that it has reached a definitive agreement to acquire The Now Factory, a Dublin-based company providing analytics software that helps communications service providers optimise their networks.

BlackBerry to be acquired by Fairfax for $4.7bn

Late Monday, in the wake of a significant warning on financial losses and job cuts, Canadian vendor BlackBerry announced its intention to be acquired by a consortium led by holdings company Fairfax Financial for $4.7bn.

Vivendi reveals plans to demerge SFR

French group Vivendi has revealed plans to demerge its mobile operator subsidiary SFR. The group said SFR would gain greater freedom on strategy and developing partnerships as a result of the demerger.

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