UK telco EE has formally submitted the case in favour of its acquisition of mobile operator EE to the UK Competition and Markets Authority (CMA), inevitably arguing the move will not reduce competition.
Giant US telco Verizon has agreed to acquire digital content and advertising company AOL for $4.4 billion with an eye on bolstering its mobile video interests.
Social media giant Facebook is showing a strong interest in Nokia’s HERE mapping suite for its mobile offerings. TechCrunch first flagged the move up, which was subsequently confirmed by both companies.
At a BT group general meeting 99.7% of votes were in favour of the proposed acquisition of mobile operator EE, with a 62.8% turnout. However subsequent hurdles will be less of a formality, with UK competition authorities still looking into the deal.
Amdocs has announced the acquisition of Comverse’s BSS business units for $272 million in cash. Amdocs is positioning the deal as a consolidation and customer acquisition play, while Comverse says it wants to focus on digital services.
US video and broadband technology player Arris is acquiring UK set-top-box maker Pace for $2.1 billion, in a bid to not only dominate the STB market but strengthen its cloud content and cable infrastructure operations.
Following the recent European Commission approval of the Portugal Telecom acquisition by French telco giant Altice, speculation is growing regarding the likely buyers of Altice’s other Portuguese assets, the disposal of which was a prerequisite of the approval.
US telco multinational Liberty Global has announced its Telenet Belgian subsidiary is acquiring Belgian mobile network operator BASE Company from Dutch telco KPN for €1.325 billion. Liberty has positioned the acquisition as a “unique opportunity to drive mobile services on attractive financial terms”.
Optical networking vendor Infinera has announced its recommended public offering to acquire all shares of Transmode AB. Transmode, a Swedish firm, specialise in metro packet optical infrastructure, which Infinera is targeting in order to flesh out its holistic optical networking portfolio of products.
French media conglom Vivendi has been linked with a takeover of European pay TV giant Sky, in a deal that could be worth as much as £28 billion (US$41.8 billion), reports TBI Vision.
Networking giant Cisco announced its intent to acquire network function virtualisation (NFV) and Cisco tech specialist Embrane for an undisclosed sum this week, a move intended to bolster the company’s networking automation capabilities, reports Business Cloud News.
UK-headquartered international operator group Cable & Wireless Communications (CWC) has announced it has finalised its acquisition of Barbados-based telco conglomerate Columbus for $1.85 billion. However, the firm admitted it is still waiting for regulatory approval in some of Columbus’s operating markets.
Consolidation is the new black in the UK mobile market, as Telefónica has confirmed the sale of O2 to Hutchison Whampoa, the owner of Three. The deal, valued at £10.25 billion, is expected to be completed by mid-2016, and will see the formation of the UK’s largest mobile operator.
UK-based broadband infrastructure specialist CityFibre has submitted a complaint to the Competition and Markets Authority (CMA) saying BT’s proposed acquisition of EE will be anti-competitive and damage the government’s ‘ultrafast’ broadband roll-out plans, a report has claimed.
Orange confirmed this week the company has finalised an agreement to acquire all remaining shares of Cloudwatt, the cloud services provider it set up with the French government.
Jeff Fonseca, the Regional Sales Director, Americas at chip vendor NXP has told Telecoms.com the entire telecoms industry needs to focus on ensuring the IoT delivers real value to consumers. Talking at the Mobile World Congress 2015, Fonseca said that while IoT has become an industry buzzword, the security and user simplicity of connected devices should be of paramount importance.
Hong Kong-based Hutchison Whampoa and Dutch operator group VimpelCom are in advanced talks over an agreement to merge their respective Italian mobile assets Three Italy and Wind, a report has claimed.
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 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.
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.
Chinese telecoms vendor @Huawei has revealed a 69% fall in profit for 2022, which it blames largely on 'non-market hhttps://t.co/D1XN6Oyl0f
01 April 2023 @ 08:25:11 UTC
Chinese telecoms vendor Huawei has revealed a 69% fall in profit for 2022, which it blames largely on 'non-market f hhttps://t.co/u5lKb36y7A
31 March 2023 @ 13:09:55 UTC
The satellite comms arm of Richard Branson's extremely eclectic empire, Virgin Orbit, has laid off the bulk of its hhttps://t.co/aCOPgfjzeC
31 March 2023 @ 11:26:32 UTC
