Finland’s Nokia said Monday it has agreed to acquire Siemens’ entire 50 per cent stake in equipment joint venture Nokia Siemens Networks for a total of €1.7bn.
Continuing its lengthy acquisition spree, Ericsson this week entered into an agreement to acquire Canadian BSS consulting and systems integration company Telcocell.
Yahoo continued its acquisition spree on Tuesday, jumping on the micro video bandwagon with the acquisition of Qwiki. The US startup has iPad and iPhone tools that turn a user’s photos and videos into short movie montages.
B/OSS specialist Openet on Tuesday announced the acquisition of Irish policy management firm Forkstream, for an undisclosed sum.
Nordic carrier Tele2 has agreed to sell its regional Russian mobile operation to banking group VTB for $2.4bn in cash and $1.15bn in debt.
Continuing its telco-centric spending spree, US IT solutions provider Oracle announced on Monday its intention to acquire network signalling and policy control specialist Tekelec.
Testing, measurement and security firm JDSU on Friday acquired geo-location and RAN planning specialist Arieso for $85m in cash.
Flushed with success from the acquisition of US-based Connectiv Solutions, Portuguese revenue assurance specialist WeDo is now looking for an acquisition target in Asia.
International cable operator and media company Liberty Global is in talks with Virgin Media to buy out the UK-based cable operator and mobile service provider in a deal that could shake up the UK market.
US carrier AT&T said Tuesday it has agreed to acquire the retail wireless operations of Atlantic Tele-Network, which operates under the Alltel brand for $780m in cash.
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.
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.
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.