merger

Hutchison and Telefónica confirm O2 acquisition

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.

Telecom Italia set to buy out broadcasting division

Telecom Italia has announced it is planning to buy out its media division of which it already owns 78%. The telco said the incorporation of Telecom Italia Media (TI Media), which has been publicly traded for over a decade, has been approved by board members on the basis of simplifying and rationalising the group structure.

AT&T set to continue Mexico expansion with Nextel acquisition

AT&T has announced it has entered into an agreement with NII Holdings to acquire its subsidiary Nextel Mexico for approximately $1.88 billion (less outstanding net debt). The move, which will increase AT&T’s Mexican subscriber base by three million if approved, comes shortly after the US telco completed its Iusacell buy.

Liberty Global set to begin LatAm acquisition spree with Choice

Liberty Global has announced that together with investment firm Searchlight, it has signed an agreement to acquire Puerto Rican Choice Cable, the territory’s second largest cable and broadband services provider. If successful in its bid, the cable giant will merge Choice with its subsidiary Liberty Cablevision Puerto Rico (LCPR).

Telefónica acquisition of E-Plus gets conditional all-clear

The European Commission has announced the conditional approval of Telefónica’s bid to acquire German operator E-Plus, almost a year after the deal was first announced, which will result in the merger of Germany’s third and fourth-largest operators and reduce the total number of operators in the country to three.

Vodafone pulls out of Greek merger

Vodafone Group has confirmed that it has abandoned its plans to merge its operations in Greece with local operator Wind Hellas, citing the uncertainty around the Greek market as a key reason.

Verizon has no objections to AT&T/T-Mobile merger

Leading US Carrier Verizon Wireless has no concerns over the proposed merger of AT&T and T-Mobile USA, as long as it does not result in increased industry regulation. The company’s CFO Fran Shammo made the revelation to a Morgan Stanley conference in Spain last week,

Swiss Competition Commission blocks Orange TDC deal

ComCo, the Swiss Competition Commission has ruled that the merger of France Telecom’s Orange Switzerland with competitor Sunrise, owned by Denmark’s TDC, will not be allowed to go ahead. The regulatory authority said that the merger would give the firm too dominant a position in the Swiss market.

Bharti, MTN call off merger talks

Merger talks between emerging markets giants Bharti and MTN have been called off once again, after the two firms failed to convince the South African government – MTN’s biggest shareholder – on the benefits of the deal.

AT&T snaps up Verizon assets

Nationwide US carrier AT&T has announced that it is to buy wireless assets from Verizon Wireless — including licences, network assets and 1.5 million subscribers — for $2.35bn in cash.

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