DZS, a leading developer of Network Edge, Connectivity, and Cloud Software solutions enabling broadband everywhere, has announced the successful completion of its acquisition of NetComm Wireless Pty Ltd. This acquisition marks a significant milestone for DZS, reinforcing its dedication to providing comprehensive connectivity solutions to communications service providers and enterprise customers.
The sale of Vodafone Spain to Zegona Communications has been finalized following approval from Spanish regulators. This landmark deal, valued at €5 billion, includes €4.1 billion in cash and €0.9 billion in redeemable preference shares. Initially announced last October, the transaction received regulatory approval earlier this month. Zegona hailed the deal as the “largest ever reverse takeover.”
T-Mobile has announced an agreement to acquire the bulk of UScellular’s wireless assets, including its customer base, retail stores, and certain spectrum holdings. The total value of the transaction is $4.4 billion, consisting of cash and the assumption of $2 billion in debt.
Boldyn Networks has successfully completed the acquisition of Apogee Telecom, a leading provider of on-campus connectivity in the US Higher Education sector. This strategic move enhances Boldyn’s offerings in the education market by integrating Apogee’s extensive experience and strong reputation with Boldyn’s global expertise and comprehensive wireless and fiber solutions portfolio. The acquisition aligns with Boldyn’s ongoing commitment to improving connectivity across the United States, where the company has already invested billions of dollars.
Indonesian telecommunications giant Axiata and conglomerate Sinar Mas are in talks to explore merging their respective operations in Indonesia. The potential merger would involve combining XL Axiata, owned by Axiata, with Smartfren, the mobile network subsidiary of Sinar Mas.
In a strategic move to bolster its network reach, alternative fibre builder CityFibre has successfully acquired Lit Fibre, marking the first step in its plan to consolidate within the UK’s burgeoning altnet sector. Lit Fibre, known for its vertically integrated model encompassing both network construction and ISP services, currently serves over 220,000 premises across more than 20 towns in several regions.
In a strategic move bolstering its presence in broadband access, DZS, a US-based company, has finalized the acquisition of NetComm from Casa Systems for up to $10 million. This acquisition comes on the heels of Casa’s recent divestment of its 5G and cable businesses, marking the conclusion of its restructuring efforts.
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.
