Tag:

Mergers and Acquisitions

Latest Headlines

Latest Headlines

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.

FCC report fails to find U.S. wireless industry competitive, highlights consolidation

The FCC did not conclude that the U.S. wireless industry is "effectively competitive" and in a new report declared that the market remains highly concentrated among the four Tier 1 carriers. In its 17th "Mobile Wireless Competition Report," the FCC's Wireless Telecommunications Bureau notes that consolidation is continuing.

BT enters into exclusive talks on £12.5B deal to buy EE

BT has entered into exclusive negotiations with Orange and Deutsche Telekom regarding the sale of EE, ending weeks of speculation over whether the former UK incumbent would choose to buy, EE or its rival O2 UK. The purchase price of £12.5 billion (€15.7 billion/$19.6 billion) would be split equally between Orange and Deutsche Telekom.