Matthew Riley, the CEO of Daisy Group, a leading UK IT services company, is reportedly on the brink of finalizing a merger deal with Wavenet, a communication and technology solutions provider based in the UK. According to sources disclosed to Sky News, the merger is in its final stages.
A monumental step for Saudi Arabia’s Vision 2030 appears on the horizon as the Public Investment Fund and stc group plan to merge TAWAL and Golden Lattice Investment Company (GLIC). This partnership, expected to have a value of $5.85 billion and annual revenues near $1.3 billion, could be a game-changer in the telecommunications infrastructure domain.
Bharti Airtel and Dialog Axiata have unveiled a fusion plan for their operations in Sri Lanka. The anticipated benefits of this combination include tapping into economies of scale, reducing infrastructure redundancy, drawing from technology and capital synergies, and fostering broadband connectivity advancements.
In an evocative change for the telecom industry, French magnate Xavier Niel is looking to buy Datagroup-Volia, Ukraine’s top fixed telecom and pay TV provider. This big move, in the works through Niel’s NJJ company, comes complete with regulatory approval. The Ukrainian firm is a significant player, controlled primarily by a fund run by Horizon Capital.
In an unexpected evolution, Spirent Communications, a UK-based telecom testing group, put the brakes on their £1 billion merger agreement with Viavi Solutions, after a victorious proposition swooped in from Keysight. Celebrating the unexpected alliance, Spirent cited the extensive resources and product range Keysight offers, promising to bring considerable advancements to the tech industry.
Orange and MásMóvil have officially sealed their merger deal, marking a significant development in Spain’s telecom sector. The joint venture, which holds equal shares from both companies, is poised to become a dominant force in the market. Despite the completion of the merger, the new entity is still without a definitive name, leaving industry observers speculating on its future identity.
Cisco, the multinational technology conglomerate, has successfully finalized its purchase of Splunk, marking a significant stride towards offering unmatched visibility and insights across comprehensive digital landscapes. This acquisition is poised to redefine how organizations connect and safeguard their operations in an increasingly digital world.
In a bold move that underscores its commitment to leading the UK’s fibre optic expansion, CityFibre has acquired Lit Fibre, a smaller but significant player in the market. This strategic acquisition is set to boost CityFibre’s reach by an additional 300,000 premises, signaling a significant step in its quest to become the nation’s third major infrastructure platform, alongside giants like Virgin Media O2 and Openreach.
In a significant move for Spain’s telecom sector, the Spanish government has officially sanctioned the merger between Orange and MasMovil, following the European Union’s approval last month. This decision paves the way for the creation of Spain’s largest telecom operator, marking the culmination of a deal valued at approximately €18.6 billion.
Viavi Solutions, a leading technology firm, has extended an ambitious £1 billion acquisition deal to Spirent Communications. The anticipated merger could unlock enhanced capabilities across artificial intelligence, machine learning, security, and cloud-native architecture.
