Tag

merger

Browsing

Vodafone and CK Hutchison are in negotiations to merge their companies in the United Kingdom in order to establish a market-leading mobile network that may advance the roll-out of 5G services and boost Internet accessibility.   Combining Vodafone UK with Hutchison’s Three, Britain’s third and fourth largest networks, would result in a company with around 27 million mobile subscribers. Vodafone stated that CK Hutchison would hold 49% of the business and Vodafone would own 51%, an arrangement that would be accomplished by altering debt ownership rather than by trading cash. Reports of a possible partnership between the two companies surfaced earlier this year.   The global corporation CK Hutchison stated that no legally binding agreement for such a merger has been entered into, but the proposed acquisition is expected to require that both businesses would integrate their UK companies. CK Hutchison further said that there is no guarantee that any…

Following an internal reorganization, Telecom Italia (TIM) has signed a non-disclosure agreement (NDA) with the state investment bank Cassa Depositi e Prestiti (CDP) to begin talks on a possible merger of its fixed network with the state-backed company Open Fiber. This initiative is aimed at reviving a long-standing goal to establish a single fiber network company in Italy.   The notion of combining the networks of the two businesses to create a single national broadband network for Italy has been discussed for at least two years. The government-owned CDP, which has a 60% investment in Open Fiber and a 10% stake in TIM, has long advocated for such an alliance . The government has determined that establishing a unified network will allow for a faster rollout of fiber technology, avoiding an overbuild and maximizing the use of European recovery funding.   The decision comes as TIM CEO Pietro Labriola pushes…

Telecom Italia (TIM) said it will begin official discussions with KKR nearly four months after the US investment firm made a non-binding offer of $11.8 billion for the business. TIM said it has invited its CEO and chairman to speak with KKR to learn more about its prospective proposal after an almost six-hour board meeting on Sunday.    TIM noted in a statement that its board of directors had directed CEO PietroLabriola and chairman Salvatore Rossi to conduct formal conversations with KKR in addition to those already held by its advisers in order to maximize shareholder value in respect to other potential interested parties. The release  went on to say that the goal was to get information on the financial and industrial appeal and execution of KKR’s offer, as well as to define the length and breadth of the applicable confirmatory due diligence sought by the fund prior to a…

Vodafone and Iliad are in negotiations to merge their respective businesses in Italy. Such a merger would provide advantages for both corporations in one of Europe’s most competitive markets and should be positive for the industry in general.   Discussions between the two corporations are ongoing, and both sides are actively looking for ways to connect their separate businesses together in Italy. If the merger is approved, it will create a telecommunications giant with over 36% mobile market penetration and combined sales of nearly $6.80 billion. Vodafone and The Iliad both declined to comment on the negotiations.   The talks take place as the local incumbent, Telecom Italia, continues to evaluate a $12.25 billion acquisition offer from US investor KKR aimed at taking Italy’s largest phone business private.   Industry leaders have frequently recommended the pursuit of four-to-three telecom mergers, which may generate cost synergies and boost margins by reducing…

After the British Competition & Market Authority (CMA) uncovered and voiced severe competition concerns, the planned 40-billion-dollar merger between American chipmaker Nvidia and Arm is at risk.   The CMA has expressed apprehension that the proposed relationship between Nvidia and the UK chip specialist Arm might be motivated by and be able to limit or even restrict access to the intellectual property (IP) of Arm. Currently, this technology is utilized to make semiconductor chips by firms that compete with Nvidia.   The potential absence of competition could interfere with innovation in various industries, including data centers and the Internet of Things (IoT). This might lead to products that are more costly or of reduced quality.   The CEO of the CMA Andrea Coscelli said: “We’re concerned that Nvidia controlling Arm could create real problems for NVIDIA’s rivals by limiting their access to key technologies, and ultimately stifling innovation across a…

The US giant AT&T and Discovery have announced a deal to merge WarnerMedia’s entertainment, sports and news assets with Discovery’s international entertainment and sports companies to create a unique, high-end global entertainment company.   In accordance with the agreement, AT&T will receive a total of $43 billion of cash, debt and the retention of certain debts of WarnerMedia. If approved by regulators, AT&T shareholders will receive 71% of the shares in the new company, while Discovery shareholders will own 29%.   It is expected that the deal will deliver significant value to both AT&T and Discovery shareholders. This merger will bring together the strongest teams of media business leaders and content creators, and include industry-leading libraries of films and series. The merger will create a new business that could be valued $150 billion, including debt.   This transaction gives AT&T and its shareholders the opportunity to leverage the value of…

Deutsche Telekom, Telefonica and Orange test blockchain technology Deutsche Telecom is testing a blockchain solution that can be used to generate and sign secure inter-operator roaming discount agreements. T-Mobile US, Telefonica, Orange and the GSMA are collaborating to test the software that will reduce the complexity of the current process, which usually involves drafting, signing and manually implementing the contracts. Deutsche Telecom said that this is the first time operators are able to jointly test blockchain as a solution that also incorporates a corresponding legal framework, governance model, and integration into corporate IT infrastructures. Read more at https://tinyurl.com/rpwsegx The world’s biggest phone show has been canceled due to coronavirus concerns The GSM Association (GSMA) has canceled the world’s largest mobile phone show, Mobile World Congress (MWC), in Barcelona due to concerns related to the growing coronavirus pandemic. The GSMA represents the interests of mobile operators worldwide uniting more than 1,200…

The IDT owned VoIP communication service provider net2phone has announced the acquisition of the SaaS-based business phone and communication solutions provider Versature. The two companies will join forces and continue to provide Canadian companies with innovative communication services. “This transaction will accelerate Versature’s growth trajectory in Canada through a powerful alignment of values and innovative technology for voice and call analytics combined with ready access to capital. As a result, Versature will scale Canadian operations by attracting top talent while continuing to innovate and aggressively pursue opportunities in the Canadian market,” commented Versature’s President and COO, Jonathon Moody. With the addition of Versature, net2phone has expanded its operational coverage, which now includes Canada, the US, Brazil, Argentina, Mexico, Colombia, Spain and Hong Kong. Moreover, the combined revenues of both companies for May, June and July totaled over $5 million. “We continue to be very pleased by the trajectory of net2phone’s…

Vodafone India and Idea Cellular have finally completed their $23 billion merger after the National Company Law Tribunal approved their request to join forces in becoming the number one telecom service provider in India. The new entity will be listed as Vodafone Idea Ltd and will have a base of over 400 million subscribers (35% subscriber market share and 32,2% of the market revenue share), surpassing the long-time market leader Bahrati Airtel. The rival that aroused the idea for the merger with its successful entry into the market, Reliance Jio, is left in third place. “Today, we have created India’s leading telecom operator. It is truly a historic moment. And this is much more than just about creating a large business. It is about our Vision of empowering and enabling a New India and meeting the aspirations of the youth of our country,” commented the chairman of the new board…

FreedomPop, the California based company operating in the US and UK, will launch a new MVNO (Mobile Virtual Network Operator) called Unreal mobile. Until now FreedomPop focused on its free-of-charge mobile plan for customers with small needs, making money from their other plans. With Unreal Mobile, they offer a full service carrier using the Sprint network. Unreal will offer unlimited data for $15 per month, with no contract. Not only that, but Unreal Mobile number can be used on any device, meaning not only on smartphones but also on tablets and computers. The way it works is a SIM card is needed for the main smartphone, that works with a regular voice network, then Unreal Mobile, with VoIP technology, allows the user to use different devices with the same number. This announcement is a direct result of Sprint and T-Mobile merger. Mauricio Sastre, FreedomPop SVP Strategy and Carrier Relations said…