Topic: mergers and acquisitions
Qualcomm’s Paul Jacobs—son of founder Irwin Jacobs—said he will relinquish his title as board chairman.
Broadcom this morning said it would create a new $1.5 billion fund to train engineers, part of its effort to acquire Qualcomm.
"What are we going to do with all that cash? Well we're not going to go out and buy a big media company," said T-Mobile’s CFO.
Analysts are repeating predictions of increased merger-and-acquisition activity in telecom.
Wireless carriers seem unconcerned by Comcast's entry into the wireless market with Xfinity Mobile.
An investigation by the commission’s Enforcement Bureau found that the company had failed to deploy wireless services as required by the FCC’s spectrum licenses.
Qualcomm this morning said it rejected Broadcom’s latest bid, but couched its rebuff with promises to remain open to negotiations.
Verizon could engage in mergers or acquisitions in order to bolster its network or its content offerings, analysts at Barclays noted.
Top management from Qualcomm and Broadcom appear set to hold a meeting on Wednesday.
T-Mobile reported quarterly results largely in line with analyst expectations, and the company ended 2017 with an overall net gain of 5.7 million customers.