tag: merger-and-acquisition

AT&T boston office

AT&T sees 2m net customer growth in Q2 thanks to IoT

Following quarterly announcements from both T-Mobile and Verizon, AT&T has joined the party and revealed net additions on par with its two nearest competitors, largely fuelled by the growth of the connected cars market.

deal merger acquisition 1

Ciena in $400m Cyan acquisition to grow virtualization portfolio

Optical network infrastructure specialist Ciena has announced it has entered a definitive agreement to acquire Cyan Inc, a rival optical provider and software platform specialist. The terms of the agreement see an approximate $400 million value slapped on Cyan.

australia-asiapac-connect

Telstra wraps up Pacnet acquisition

The Telstra/Pacnet acquisition story which broke towards the end of last year has now come to fruition, with the Australian telco today announcing the completed acquisition of the Cloud, managed services and data centre provider. As reported by Telecoms.com in December, the valuation of the deal came in at $697 million.

Nokia Alcatel Lucent

Boards approve €15.6bn Nokia deal for Alcatel-Lucent

Upheaval is in the air in the network infrastructure industry as the rumoured acquisition of Alcatel-Lucent by Nokia, acknowledged yesterday by the former, was officially announced by the latter this morning. The transaction places a value of around €15.6 billion on Alcatel-Lucent, which Nokia will acquire in full.

Alcatel-Lucent 2

Alcatel-Lucent and Nokia merge could form infrastructure powerhouse – Ovum

Speculation has intensified this week over a potential move by Nokia to acquire rival network kit maker Alcatel-Lucent (ALU), in what could be a serious shake up of the telecoms infrastructure market. This morning, ALU released a statement confirming that the two parties are currently in talks.

Nokia Here

Nokia downsizing set to continue with rumoured sale of HERE

Nokia Oyj is apparently looking into flogging one of its three remaining business arms, as its focus on the continued growth of its networking arm increases further, according to reports from Bloomberg. The report, which cites people familiar with the matter, reckons the mapping arm of Nokia, HERE, is being touted to various global parties.

Bouygues Telecom CEO Olivier Roussat said the firm was cutting jobs to remain competitive in a four-player market

Bouygues to cut 1,516 jobs as French M&A talks collapse

French multi-play operator Bouygues has announced plans to cut more than 1,500 jobs, after CEO Olivier Roussat told a press briefing that consolidation-focused discussions being held with incumbent Orange and fast-growing newcomer Iliad had stalled.

Orange is seeking to converge in Spain

More fibre consolidation in Spain as Cinven buys utility network

The Spanish telecoms market continues to be a hotbed of consolidation, as European private equity firm Cinven on Monday announced plans to acquire a fibre network running through Spain and Latin America, from Spanish natural gas utility, Gas Natural Fenosa, for €510m.

AT&T and Chernin Group agree to buy majority of Fullscreen

Consolidation close in France and Italy, say reports

The French and Italian mobile markets could both be on the verge of significant consolidation, according to reports from news agency Reuters. In France incumbent telco Orange has set two investment banks to investigate the potential takeover of rival Bouygues, while talks have resumed between Hutchison and Vimpelcom, which own 3 Italia and Wind respectively, about a potential merger. In both instances Reuteurs cited unnamed sources close to the situation.

Dollars funnel.

Sprint deal with T-Mobile USA nearing completion

A widely expected deal that will see US operator Sprint acquire its competitor T-Mobile USA is nearing completion, according to a number of reports citing inside sources. News agency Bloomberg said that an agreement on the price, capital structure and termination fee is close and that the deal would value T-Mobile at $40/share, or roughly $31bn.

Vodafone subsidiary Vodacom has confirmed its intention to acquire South African fixed line operator Neotel

South Africa’s Vodacom to acquire fixed player Neotel

The South African mobile operator subsidiary of UK-headquartered Vodafone has announced an agreement to acquire the market’s second largest fixed communications provider, Neotel, in a cash deal worth ZAR7.0bn ($673m). Negotiations between Vodacom and Neotel were announced in September last year, when Vodacom CEO Shameel Joosub pledged to pump significant investment into the merged entity should talks prove fruitful.

AT&T deal is facing strong opposition

AT&T to acquire DirecTV for $48.5bn

US carrier AT&T has announced plans to acquire US and Latin American pay TV player DirecTV in a deal valued at $48.5bn. The deal will create a service provider with an offering across mobile, broadband and video that is unprecedented in the market, AT&T said. The transaction, which also involves AT&T assuming $18.6bn in debt, should take a year to complete, the telco said.

Orange Switzerland will soon be French-owned

Orange to sell Uganda stake to Africell

French incumbent telco Orange has announced that it is to sell its 53 per cent stake in Orange Uganda to Africell, an aspiring pan-regional operator that currently provides services in the DRC, Gambia and Sierra Leone. The deal awaits approval from the relevant authorities, Orange said.

VirginMobile

Numericable in bid for Virgin Mobile as French consolidation gathers pace

Carphone Warehouse, which earlier this week announced plans to merge with UK high street consumer electronics retailer Dixons, has announced that it is in discussions to sell Omer Telecom, the holding company which owns Virgin Mobile France, to French cable player Numericable. In April this year Numericable’s parent Altice struck a deal to acquire French mobile operator SFR, which it intends to merge with Numericable.

Level 3 is spending $6.7bn on the deal

Deutsche Telekom seeks Sprint deal break up fee

German incumbent Deutsche Telekom is demanding a $1bn break-up fee be made part of any attempted takeover of its US operation T-Mobile by Sprint in order to approve the deal, according to a report in the Wall Street Journal. The payment, from Sprint to Deutsche Telekom, would be required should an agreed deal be derailed; perhaps blocked by regulatory or competition authorities.

Red_Bee

Ericsson completes Red Bee acquisition

Swedish network equipment provider Ericsson has completed its acquisition of UK media services provider Red Bee Media, following approval of the deal from the UK Competition Commission on March 27th this year. The deal sees 1,500 Red Bee staff absorbed by Ericsson and the UK established as a “major global media hub” for Ericsson, the company said.

Telefónica's mobile advertising play is now group wide

Telefónica to acquire Spanish pay-TV player

Spanish media group Prisa has accepted incumbent operator Telefónica’s €725m bid for its 56 per cent stake in pay TV platform Canal+’s holding company Distribuidora de Televisión Digital (DTS). The deal gives DTS a market value of €1.3bn (US$1.8bn) and, if approved by regulators, will give Telefónica a controlling stake of 78 per cent, leaving Italy’s Mediaset with a 22 per cent holding.

Finland's capital, Helsinki

TDC offloads Finnish operations to DNA

Danish incumbent operator TDC has struck a deal with Finnish player DNA that will see DNA acquire TDC’s Finnish operations for €154m. The deal covers both TDC Finland and TDC Hosting—which provide communications and IT solutions to public and private enterprises and wholesale services—and their associated customers. TDC and DNA will co-operate on enterprise and international wholesale services in Finland after the deal’s conclusion.

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