Tag:

Mergers and Acquisitions

Latest Headlines

Latest Headlines

AT&T's Stephenson: We're not gunning for América Móvil's assets in Mexico

AT&T CEO Randall Stephenson told investors about as clearly as he could that the carrier is not going to snap up assets that América Móvil is going to divest, and will instead focus on growing its business in Mexico via its acquisitions of Iusacell and NII Holdings' Nextel Mexico businesses.

Analysts: After getting Nextel Mexico, AT&T may go after América Móvil's assets

AT&T is getting lots of wireless spectrum in Mexico on the cheap by buying bankrupt NII Holdings' Mexican wireless assets, according to financial analysts. And AT&T might not stop there and could look to bulk up its position in Mexico by acquiring assets that former partner América Móvil is going to divest, according to the analysts and other industry sources.

AT&T to nab Nextel Mexico for $1.88B from bankrupt NII Holdings

AT&T said it will acquire the Mexican wireless assets of bankrupt NII Holdings for $1.875 billion, less outstanding net debt. The deal marks AT&T's latest expansion south of the U.S border following its $2.5 billion purchase of Mexican carrier Iusacell, which closed earlier this month.

T-Mobile's Legere blasts idea that carrier's approach isn't financially sustainable

T-Mobile US CEO John Legere pushed back against media interpretations of recent comments made by Timotheus Hoettges, CEO of T-Mobile parent Deutsche Telekom, which many outlets interpreted as Hoettges saying T-Mobile's torrid growth trajectory is unsustainable long term from a financial perspective.

DT's Hoettges: T-Mobile's current growth rate is financially unsustainable long term

T-Mobile US was thwarted in its efforts to merge last year with Sprint, but the carrier still needs greater scale in the long term despite all of its recent growth, according to Timotheus Hoettges, CEO of T-Mobile parent Deutsche Telekom. Hoettges also said in the long term T-Mobile's blistering growth is unsustainable from a financial perspective.

AT&T closes $2.5B deal for Mexican operator Iusacell

AT&T officially closed its $2.5 billion purchase of No. 3 Mexican carrier Iusacell from Grupo Salinas. AT&T named company veteran F. Thaddeus Arroyo as CEO of Iusacell following the close of the deal.

UPDATED: Samsung offered to buy BlackBerry for up to $7.5B, report says

According to a new Reuters report, Samsung recently approached BlackBerry to buy the company for up to $7.5 billion, a figure that represented a 60 percent premium on BlackBerry's shares. Samsung was mainly interested in BlackBerry's patent portfolio, according to the report.

Cincinnati Bell customers frustrated by transition amid network shutdown

Cincinnati Bell Wireless, which is in the process of shutting down its service and selling its spectrum to Verizon Wireless, is facing criticisms from customers than the transition has been anything but smooth. Cincinnati Bell will continue to provide service to its wireless customers through Feb. 28.

Telefónica Deutschland completes yourfone sale to Drillisch, rules out more E-Plus asset sales

Telefónica Deutschland reiterated that it does not plan to sell any more former E-Plus assets as it closed a sale of yourfone to mobile virtual network operator (MVNO) customer Drillisch that was first announced in November.

Fixed-mobile convergence, M&A drive European wireless transformation in 2014: Year in Review

In this overview of 2014, we have focused on five key trends: fixed-mobile convergence and quad-play; mergers and acquisitions; "5G;" connected cars; and the resurgence of European device manufacturers. The reasons for focusing on these five areas and the news that shaped them are probably obvious to anyone who has been following the industry closely this year.