Nokia's $16.6 billion deal to acquire Alcatel-Lucent would bring together two large network vendors that have each gone through major mergers of their own that have been difficult, to say the least. Although the companies' leaders are defending the deal, some analysts are skeptical that the firms can pull off such a merger without major integration headaches.
Nokia agreed to purchase Alcatel-Lucent in a $16.6 billion (€15.6 billion) deal that would form a powerhouse to rival Ericsson and Huawei in the global market for telecom equipment. In the United States, the deal could create a company that could challenge Ericsson's leading position.
Nokia and Alcatel-Lucent confirmed they are in talks for Nokia to acquire Alcatel-Lucent in a merger that could give the combined company more fighting weight against Ericsson and Huawei in the network gear market. According to research firm IDC, the combined company would become the world's largest wireless network equipment vendor.
Silicon maker Altera has broken off talks about a potential acquisition by chipset giant Intel, according to multiple reports, apparently after a disagreement over the price.
U.S. Cellular plans to cover essentially its entire customer base with LTE by the end of the year, hoping that expanded access to faster mobile broadband speeds will help its subscriber numbers and churn.
Sprint will use Chicago as a showcase market for LTE Advanced technologies, according to the carrier, as it expands its investment in the city and the surrounding areas.
Huawei said its 2014 net profit jumped 33 percent thanks to improving sales and better management of foreign exchange rates. Although the Chinese-based company is still effectively barred from securing a network gear deal with a Tier 1 U.S. carrier because of national security concerns, Huawei's networks business abroad is booming thanks to demand for LTE equipment.
Intel is in advanced talks to buy chipset vendor Altera Corp., according to multiple reports, in a deal that could top more than $10 billion. Altera makes specialized chips that are widely used in cellular base stations, so the deal could be a way for Intel to get a tighter grip of the wireless market while it is trying to get its silicon into more mobile devices.
T-Mobile US, which has worked to set itself apart from its competitors as the "uncarrier," said it has found another avenue for differentiation: its coverage map. T-Mobile unveiled its so-called "Next-Gen Network Map," which the carrier said will show real-world network information from its customers.
ATLANTA--Although Huawei has effectively been shut out of network-infrastructure deals with Tier 1 U.S. carriers over cybersecurity concerns, the vendor keeps chugging along with Tier 3 operators and added eight new U.S. wireless or wireline customers in 2014.