Rumors in the market say that that Vivendi is interested in selling GVT, the same company that it disputed with Telefonica for two months in 2009. The price paid by Vivendi, nearly BRL3.5bn ($1.75bn), was considered very high and surprised the entire market, which had never seen this company in a price war for an acquisition before.
Swedish equipment manufacturer Ericsson has announced its intention to acquire the IT services capabilities of the Devoteam Telecom & Media operation in France.
Consolidation continues apace in the worlds of service and traffic management with the news that Cisco intends to acquire its long-time partner Broadhop. The acquisition would be a significant development for Cisco which has something of a history in network management, but has until now been a relative bit-part player in service management, working mainly through partnerships with the likes of Broadhop and others.
Austria was a hotbed of activity towards the end of this week as the Austrian Federal Competition Authority applied for an in-depth assessment by the Cartel Court of Telekom Austria’s proposed acquisition of MVNO brand YESSS!
The diminished room for growth in Latin America and the negative macroeconomic situation and operating environment in Europe mean that times are ripe for America Movil to launch into a European expansion campaign. In Latin America, the cash-rich Mexico-based telecoms group has a history of buying troubled operators at good prices to turn them into profitable companies, by exploiting synergies and developing efficient operations.
As the quest for talent and intellectual property continues apace, Nokia on Thursday picked up Sweden-based imaging specialist Scalado, securing itself a royalty revenue stream from the editing, enhancing, viewing and sending of images on mobile devices.
Mergers and acquisitions (M&As) in the European telecoms sector can help improve broadband coverage across the continent, according to Neelie Kroes, Vice President of the European Commission for the Digital Agenda.
Web giant Google is on the acquisition trail, having this week forked out for social engagement platform Meebo and mobile office suite Quickoffice.
With London’s 2012 Olympic Games weeks away, The Informer has been taking some time to read up on its history, and it seems that parallels can be drawn in the telecoms industry with the times that the Olympians first battled it out in Ancient Greece.
Late last week, Hutchison 3G Austria (3) finally announced the acquisition of Orange Austria in a deal valued at around €1.3bn. The market share of the newly-enlarged operator will reach around 22 per cent of total customers. This is more than double the market share of any other subsidiary of the 3 Group in Europe, but still places the operator a distant third to T-Mobile (~32 per cent) and Telekom Austria (~46 per cent) in a market that has effectively been reduced to just three players. The market had already been whittled down from five players to four in 2006 when T-Mobile Austria acquired tele.ring.
Wireless networking kit vendor DragonWave on Friday announced plans to acquire the microwave transport business of Nokia Siemens Networks. The price is around €15m with extras and performance related payouts potentially raising the value of the transaction to above €80m.
European backbone network operator Interoute has strengthened its offering in the cloud services space with the acquisition of UK-based Quantix. The purchase adds managed application services to Interoute’s unified computing and managed hosting portfolio, allowing the firm to manage international customers’ database applications, including Oracle and SQL, as a cloud based service.
US President Barack Obama has received a letter from 15 lawmakers calling for his administration to approve the merger between AT&T and T-Mobile. The letter, put forward by member of congress Heath Shuler and 14 other Democrats, said that the proposed merger of AT&T and T-Mobile USA would help solve America’s jobs crisis by reducing unemployment, encourage private investment and promote new and innovative technologies that will drive job creation.
The US department of Justice has filed a civil antitrust lawsuit in a bid to block AT&T’s proposed $39bn acquisition of T-Mobile’s US operation, claiming that the deal would “substantially lessen competition” in the US wireless sector. If successful, said Deputy Attorney General James M. Cole, the move would result in higher prices and lower quality for consumers.
Vodafone this week confirmed that it is in talks with Greek player Wind Hellas over a possible merger or acquisition.
Networking giant Cisco is seeking to boost its service provider offering through the $31m acquisition of software developer Axioss, which specialises in network management tools.
The acquisition of Motorola Mobility by Google could be seen as the first time ever that an Internet company acquires an established hardware business. We are likely to see more acquisitions of this kind in the future, thanks to the strong investment force and cash availability of Internet giants, such as Google, Facebook or Twitter, that have the potential to absorb the most established tech businesses even beyond telecoms and media.
Web giant Google has agreed to acquire handset vendor Motorola Mobility for $12.5bn. “The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem,” Google said.
Shortly after the announcement that Ericsson is to acquire US firm Telcordia, Mike Hibberd spoke to Ericsson CEO Hans Vestberg about the deal. Vestberg explained what it means for his organisation, as well as the 2,600 Telcordia employees that will join the Ericsson payroll when the deal goes through.
The Serbian government is clearly not that motivated to offload its majority stake in incumbent carrier Telekom Srbija, having turned down the only offer for a second time. Sole bidder Telekom Austria had even increased its bid for the 51 per cent stake, yet on Friday the government called off the whole deal.