Verizon said it will acquire the California-based startup Telogis in a move the carrier said will "significantly" expand its connected vehicle business. Terms of the deal were not disclosed.
The FCC's net neutrality win in a Washington, D.C., federal appeals court could dampen the enthusiasm of Verizon and AT&T in their pursuit of Yahoo, according to MoffettNathanson.
Verizon and AT&T are preparing for a third round of bidding for Yahoo's online assets, Reuters reported.
GTT isn't afraid to come to the acquisition table if a deal will add complementary capabilities to its portfolio, and it currently has a "funnel" of over 50 M&A possibilities, CEO Rick Calder told investors at the Cowen and Company 44th Annual Technology, Media & Telecom Conference.
Sprint wholesale partner Shenandoah Telecommunications Company (Shentel) closed on its acquisition of nTelos and said it will invest $350 million to upgrade to LTE and build out its network.
Verizon intends to bid for Yahoo's web business next week, according to a Bloomberg report, and Google is considering making an offer as well. But AT&T is out of the running.
Samsung Electronics is considering selling its wireless networks unit, according to a Light Reading report, which cites unnamed industry sources.
FierceWireless Editor Phil Goldstein bids goodbye in his final column for the publication and reflects on how the wireless industry has changed during the seven years of his tenure.
Nokia CEO Rajeev Suri said Ericsson and Cisco's partnership to resell each other's products and services and jointly develop new ones means that Nokia was right to purchase rival Alcatel-Lucent for $16.6 billion (€15.6 billion). Nokia also commenced its formal share offer to buy Alcatel-Lucent's outstanding shares and drive the merger toward completion early next year.
Nokia confirmed that Alcatel-Lucent CTO Marcus Weldon, who also serves as the president of Bell Labs, will take on the CTO role in the combined company once Nokia completes its acquisition of Alcatel-Lucent.