There’s nothing like easing back into work after your summer holidays, is there? Whatever plans the Informer had for a gentle return were shattered by two of the biggest M&A announcements we’ve seen for some time. Neither depended on the element of surprise for their impact, though, as both had been much anticipated.
Late Monday, in the wake of a significant warning on financial losses and job cuts, Canadian vendor BlackBerry announced its intention to be acquired by a consortium led by holdings company Fairfax Financial for $4.7bn.
French group Vivendi has revealed plans to demerge its mobile operator subsidiary SFR. The group said SFR would gain greater freedom on strategy and developing partnerships as a result of the demerger.
OSS/BSS firm Amdocs, which now positions itself as a customer experience specialist, on Wednesday announced the acquisition of network management firm Actix for $120m in cash.
In a move that has been much predicted, Microsoft has announced that it is to buy mobile device partner Nokia in a €5.44bn all cash transaction. The deal will see Nokia’s Devices & Services business transferred to the US firm as the company opens a new chapter set on “accelerating the Windows ecosystem”.
Saudi Telecom Company (STC) has entered talks with an as yet unnamed party with a view to selling its Indonesian asset – PT Axis Telekom. STC owns an 80.10 per cent shareholding directly and 3.725 per cent indirectly in Axis.
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.
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.
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!