merger and acquisition

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.

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.

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 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 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 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.

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.

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.

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.

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 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 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.

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.

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