Towards the end of last week, Google quietly dropped $500m on a satellite company that specialises in super high quality imaging. Now that the market has had a few days to digest the purchase, it seems the possibilities for Google are several – including connected car applications and connectivity for remote regions.
International infrastructure and tower management firm American Tower Corporation has agreed to buy 100 per cent of the equity interests of BR Towers, a Brazilian real estate company that owns around 2,530 cell towers, for BR2.18bn ($978m). The company also has exclusive use rights to approximately 2,110 additional towers in the country.
Networking specialist Level 3 Communications has agreed to make an acquisition move on US-focused enterprise networking firm tw telecom for $5.7bn. The deal values tw at approximately $7.3bn, including the assumption of approximately $1.6bn of net debt.
The Spanish telecoms market continues to be a hotbed of consolidation, as European private equity firm Cinven on Monday announced plans to acquire a fibre network running through Spain and Latin America, from Spanish natural gas utility, Gas Natural Fenosa, for €510m.
Vodafone Group is moving its global innovation centre from Silicon Valley to London, as it seeks to benefit from a wealth of technology skills and talent in the UK and Europe.
The evolution of voice continues apace as US carriers Verizon Wireless and T-Mobile USA reveal plans to launch Voice over LTE, with AT&T expected to follow suit on Friday.
Telekom Austria Group and América Móvil on Friday unveiled a deal that proposes to create one of the world’s largest fibre networks, with a joint footprint with 200 Points of Presence (PoP) within 47 countries, through the interconnection of networks offering voice, roaming, data and mobile services.
US operator T-Mobile has claimed to have taken “virtually all of the industry phone growth” in 1Q14 winning market share from its competitors in the process, reporting total net subscriber additions of 2.4 million. However, the operator recorded a $154m loss in the quarter, compared to a $106m profit in the first quarter of 2013.
Ericsson has announced Rima Qureshi, a 20-year veteran of the company, as its new chief strategy officer, following the resignation of Doug Gilstrap earlier in April. Gilstrap joined Ericsson in 2009.
US operator Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income.
Network Functions Virtualization (NFV) is set to become one of the defining trends of the era in the mobile network. Spanish incumbent Telefónica is the first operator to lay out its approach to NFV and its plans are both detailed and aggressive. Mike Hibberd met with Global CTO Enrique Blanco ahead of Telefónica’s NFV announcement, to learn of the changes in store.
US operator AT&T has reported a 3.6 per cent growth in consolidated revenues in 1Q14, claiming it is the strongest revenue growth the firm has seen in more than two years. The firm also increased its quarterly operating income year on year.
The potential merger between US cable firms Comcast and Time Warner Cable has been criticised by both video on demand service provider Netflix and the Writer’s Guild of America, East (WGAE).
US operator AT&T has announced plans to expand its fibre network across the US to up to 100 further cities and municipalities. The operator will be extending the footprint its triple play U-Verse TV, fixed internet and telephony service which it claims delivers speeds of up to 1Gbps.
Canadian operator Rogers Communications has seen its profit fall year on year in the first quarter of 2014. While operating revenues remained stable; C$3.02bn (US$2.74bn) in 1Q14 compared with $3.03bn in the year ago quarter, adjusted net income for the quarter fell by 18 per cent to reach C$340m down from C$414m.
US smartphone users are open to using sponsored data plans driven by fear of exceeding their mobile data limit, according to research published today.
Leading handset manufacturers and operators in the US have teamed up to introduce a ‘killswitch’ in an effort to curb smartphone theft in the country.
US operator AT&T has entered into a multi-year agreement with Swedish car manufacturer Volvo to provide internet connectivity in vehicles in the USA and Canada starting this summer.
European operator group Telefónica has launched what it says is the world’s first telco-powered real-time mobile advertising exchange platform. The Spanish firm has teamed up with GSO Capital Partners, a division of US investment firm Blackstone, to create Axonix; a firm that intends to act as a marketplace for mobile publishers and advertisers to target adverts at consumers.
Telecom Italia’s Brazilian operation, TIM Brasil, is considering offloading its cell tower infrastructure in a bid to unlock more value from the assets and make the company more efficient.