Former UK telco monopoly BT has announced it has chosen the UK’s biggest mobile operator – EE – for exclusive acquisition talks, having previously conceded it was looking at O2 or EE. If the deal goes through BT would occupy a dominant position in the UK telco market as it already owns substantial fixed-line assets as well as a significant chuck of exclusive content and some 4G spectrum of its own.
Late December is supposed to be dead when it comes to business news, so the Informer must extend the hand of gratitude to BT for picking this week to announce it is hoping to acquire the UK’s largest mobile operator – EE. Now if it could just announce plans to snap up Virgin Media next week that would be perfect.
EE has acquired UK mobile airtime distributor Mainline Digital Communications. The two have been partnering for several years in the business sector, and EE already had a 26% share in the company.
Liberty Global has announced that together with investment firm Searchlight, it has signed an agreement to acquire Puerto Rican Choice Cable, the territory’s second largest cable and broadband services provider. If successful in its bid, the cable giant will merge Choice with its subsidiary Liberty Cablevision Puerto Rico (LCPR).
In the wake of BT’s acquisition talks with the owners of EE and O2, Vodafone is reportedly considering a bid for the cable group Liberty Global. It has been reported the mobile operator already approached LG earlier this year, but found price expectations too high.
Acquisitive French telco Altice wasted little time after sealing the SFR deal before announcing it has entered into exclusive negotiations to acquire the Portuguese assets of Portugal Telecom from Brazilian telco Oi for €7.4 billion.
Deutsche Telekom and Orange, the joint shareholders of EE, have confirmed initial discussions with BT over a possible sale of the UK mobile operator. In a statement the German and French giants said they are exploring the possibility as part of their regular market assessment to evaluate different strategic options.
The process of consolidation following the acquisition of E-Plus by Telefónica has begun with the announcement of a non-binding “Letter of Intent” between Telefónica Germany and German MVNO Drillisch for the latter to buy yourphone, which is currently a sub-brand of E-Plus.
Semiconductor vendor Broadcom has announced it will acquire NetLogic Microsystems for around $3.7 billion. While Broadcom specialises in creating solutions for wired and wireless communications, NetLogic creates high performance intelligent semiconductor solutions for next generation networks.
While Google’s acquisition of Motorola’s handset business brings potentially rich rewards in terms of intellectual property, the search firm must be careful to keep its new employees at a respectable distance, industry analysts have warned.
Software giant Microsoft is set to announce the acquisition of VoIP company Skype in an all cash deal said to be worth $8.5bn. Such a move would give Microsoft a greater presence with internet telephony and video calling capabilities.
Nationwide US carrier AT&T has announced that it is to buy wireless assets from Verizon Wireless — including licences, network assets and 1.5 million subscribers — for $2.35bn in cash.