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.
Nokia is considering selling its HERE mapping unit to focus more on wireless network gear, according to multiple reports.
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.
Sprint MVNO FreedomPop expects to know whether it will enter into a strategic deal with another company in the next four to six weeks, according to CEO Stephen Stokols. The company is also pushing ahead with its normal business, unveiling a new software feature that will make the handoff between VoIP and cellular calls more seamless.
Sprint agreed to pay a $131 million settlement to end a class-action lawsuit brought by investors, who had argued that the carrier fraudulently inflated its stock and bond prices by hiding the health of the company following its 2005 merger with Nextel.
Making the rumors a reality, Charter Communications said it plans to buy rival MSO Bright House Networks for $10.4 billion. It's unclear how such the deal might affect the wireless industry, but both companies are players in various wireless initiatives.
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.
ATLANTA--AT&T Mobility CEO Glenn Lurie said that he would not be all that concerned if Sprint and T-Mobile US were to merge and form a larger-scaled competitor.