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).
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.
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.
UK mobile phone retailer and service provider Carphone Warehouse has agreed to merge with electronics giant Dixons, marking a push into the high street when many shops are closing down.
Spanish carrier Telefónica on Tuesday announced that it has made a €725m bid for 56 per cent of Distribuidora de Televisión Digital, a Spanish pay-TV provider that operates under the Digital Plus brand.
Emirates-based Etisalat has signed an agreement to sell its holdings in Benin, the Central African Republic, Gabon, the Ivory Coast, Niger and Togo, to Maroc Telecom for $650m. The units all operate under the Moov brand but the agreement also covers Ivory Coast-based IT services provider Prestige Telecom.
South African mobile service reseller Nashua Mobile, which trades in subscriptions for the country’s main operators, is to close operations and sell its 750,000 users to Vodacom and MTN. The company is also looking to offload its Cell C customer base to a third party.
French conglomerate Vivendi was on Thursday fielding two competing bids for France’s second largest mobile operator, SFR. Both Bouygues Telecom and French cable operator Altice submitted merger offers.
Network intelligence firm Astellia has acquired Ingenia Telecom, a mobile network monitoring and analysis firm, for an undisclosed sum.
In what some have billed the largest startup acquisition in web history, Facebook on Wednesday agreed to acquire cloud-based over the top mobile messaging firm WhatsApp for an eye watering $19bn.