Indian operator group Bharti Airtel on Tuesday sold its majority stake in local manufacturing and distribution operation Beetel to US-based wireless logistics and distribution firm Brightstar for an undisclosed sum.
UK-based media empire BSkyB created a multinational pay TV business on Friday with the £4.9bn acquisition of Sky Italia and a 57.4 per cent stake in Sky Deutschland. The move puts Sky in a leading position in the pay TV market in the UK, Italy and Germany.
Internet company Yahoo has confirmed the acquisition of mobile analytics specialist Flurry as it seeks to reinforce its commitment to “building and supporting useful, inspiring and beautiful mobile applications and monetisation solutions.”
US satellite operator Dish Network has submitted an official filing with regulator the FCC, expressing concerns over two of the biggest proposed mergers on the table in the US market at present. Dish wants the pending Comcast and Time Warner Cable, and AT&T and DirecTV deals to go under the microscope.
In news that will come as no great surprise, Nordic carrier group Tele2 on Monday agreed to sell its Norwegian business to TeliaSonera for an SEK5.1bn (€500m). It’s been known the company was mulling an exit from the market after failing to win any spectrum in an auction late last year.
In an acquisition double whammy that took place at the end of last week, Nokia Networks revealed that it picked up a second company, Israel-based Nice Systems, also for an undisclosed sum. The geolocation specialist will give Nokia enhancements in the planning and optimisation of mobile networks, the company said.
Telecom New Zealand’s startup incubator, Telecom Digital Ventures, on Monday made a strategic investment in mobile application developer App La Carte. App La Carte was launched in November 2012 when its founders spotted a gap in the market for businesses and organisations prepared to pay a monthly subscription to use an easy-to-use app builder to put together their own app.
This is not something the industry has seen for a long time but Nokia Networks on Friday announced it has entered into an agreement to acquire US-based network integration and deployment specialist SAC Wireless for an undisclosed sum.
A battle of the beats is brewing after it emerged that Google has acquired curated mobile music service Songza for an undisclosed sum. According to various sources on the web, Google has splashed out anything between $15m and $49m on the three year old startup.
The battle for control of Greece’s leading alternative fixed line operator continues apace, with OTE joining the fray on Tuesday. The Greek carrier launched a bid of between €250-300m on a debt-free cash-free basis for the pay TV operation, Nova, which is owned by Forthnet.
Vodafone said Tuesday that it has struck an agreement to sell its entire 49 per cent shareholding in Vodafone Fiji to the Fiji National Provident Fund for a cash consideration of FJ$160m (£51m).
US carrier AT&T has offloaded an 8.27 per cent stake, worth around $5.6bn, in Latin American operation America Movil, as it seeks to fund its acquisition of DirecTV. The America Movil shares were snapped up by the company’s billionaire owner, Carlos Slim, via his holding company Inmobiliaria Carso.
In a bid to stave off antitrust concerns over its acquisition of E-Plus, Telefonica’s German operation on Wednesday announced plans to open its network up to a local MVNO and IT services firm.
Web giant Google has been revealed to have acquired Seattle-based wireless tech startup Alpental Technologies in a somewhat mysterious transaction. It has emerged that the deal went through in May and Google has managed to pull most of the company information, including Alpental’s website, off the internet.
Telekom Austria Group is to acquire 100 per cent of one of the largest cable operators in the Republic of Macedonia. Blizoo Macedonia offers TV services, broadband and fixed voice and will help Telekom flesh out its own offering in Macedonia where it operates under the Vip brand.
Home security camera firm Dropcam said Monday that it has signed an agreement to be acquired by Google-owned Nest, the maker of connected home products like thermostats. The price tag is thought to run to $555m in cash.
Telecom New Zealand on Wednesday announced that it has agreed to acquire business cloud services specialist Appserv, building on other recent acquisitions in the space and giving Telecom NZ greater leverage in the enterprise sector.
Networking giant Cisco is to acquire privately held Tail-f Systems, a specialist in multi-vendor network service orchestration for both traditional and virtualized networks, for $175m in cash.
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.
Apple confirmed rumours on Wednesday night with an agreement to acquire subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, founded by rapper Dr Dre.