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.
Nokia said Ricky Corker will become the head of its North American business following the close of its $16.8 billion deal to buy rival Alcatel-Lucent. Corker, a Nokia veteran with more than 10 years of experience at the company, currently serves as executive vice president for North America and chairman of SAC Wireless at Nokia Networks.
Cellcom Israel agreed to buy 100 per cent of the shares in Golan Telecom for ILS 1.17 billion (€276.6 million/$301 million), scuppering plans by Bezeq-owned Pelephone to buy the smaller rival mobile operator.
It is good that arguments for and against consolidation, including the proposed mergers of BT and EE, of O2 and Three, and the possible structural separation of BT's network from its downstream operations in the UK are being based on extensive evidence and analysis. Nevertheless, that still does not make it easy to make sense of all the facts and figures being selectively presented for and against the proposed changes, and from which markedly differing conclusions are being drawn by protagonists and antagonists respectively.
Nokia received antitrust approval from the Chinese Ministry of Commerce for its proposed $17.6 billion (€15.6 billion) purchase of Alcatel-Lucent, clearing one of the last major hurdles to the deal. The two vendors agreed to several conditions to win approval from Chinese regulators.
To get you ready for the third-quarter earnings conference calls, here are the most pressing questions I think the top executives at Tier 1 carriers need to answer over the next few weeks.
Nokia's CEO Rajeev Suri said that its deal to acquire Alcatel-Lucent is progressing well, and that the most difficult integration will be the companies' individual wireless businesses. Suri, in an interview with The Times of India, also said that the combined company will offer a more comprehensive set of services than rival Ericsson.