Silicon vendor Texas Instruments (TI) has announced that it is to acquire fellow semiconductor player National Semiconductor in an all-cash deal that values National at $6.5bn. TI said the deal had the unanimous approval of the boards of both companies and is expected to close in the final quarter of the year.
International operator Vodafone has announced that it is to sell its 44 per cent stake in French carrier SFR to its partner in the operation, Vivendi, for €7.95bn. Vivendi will pay €7.75bn in cash, with a final dividend from SFR of €200m paid on completion of the deal. The move is the latest in a planned series of divestments as Vodafone exits markets in which it does not have majority ownership.
The pending deal between AT&T and T-Mobile USA is symptomatic of growing market maturity in the US but will be better for the American telco than it will for Deutsche Telekom, according to Ovum analyst Steven Hartley.
Spanish incumbent operator Telefónica and China Unicom have announced that they are to deepen a relationship that was formalised in September 2009. Each will invest a further $500m in the other, taking Telefónica’s stake in Unicom to 9.7 per cent, and the Chinese carrier’s shareholding in Telefónica to 1.37 per cent.
Norway-based Telenor has written to Russian carrier VimpelCom, in which it holds a 39.6 per cent stake, voicing its opposition to VimpelCom’s proposed merger with Weather Investments, which owns Orascom. In the statement, Telenor spokesman Dag Melgaard said: “We strongly support VimpelCom’s expansion in accordance with the principles agreed at the time the company was created.” But, he added: “In our capacity as a shareholder of Vimpelcom Ltd, we do not believe this transaction makes strategic of financial sense for VimpelCom’s shareholders.”
Infrastructure vendor Nokia Siemens Networks has announced that it is to acquire “certain network infrastructure assets” from US competitor Motorola for $1.2bn. The Finnish-German joint venture said that it expects to gain new relationships with 50 wireless carriers and strengthen existing commercial ties as a result of the deal, which the two firms expect to close before the end fo 2010.
Spanish incumbent and Latin American carrier Telefónica has sold eight per cent of its ten per cent stake in Portugal Telecom (PT) amid fears it will not be allowed to vote as a PT shareholder on the acceptance of its offer to buy PT out of Brasilcel,which controls Brazilian mobile player Vivo .
Portugal Telecom has denied that Telefonica is able to block dividends from the two operators’ Brazilian joint venture Vivo as analysts warn that the Portugese incumbent cannot afford to lose its presence in the high growth Brazilian market.
Spanish incumbent Telefónica has struck a deal with China Unicom that will see each company invest $1bn in the other. The arrangement will take Telefónica’s stake in Unicom to more than eight per cent, while the Chinese carrier will own roughly 0.9 per cent of Telefónica.
Nigerian newspaper Business Day has named French telecoms carrier Vivendi as the firm looking to build a deal with pan-MEA mobile operator Zain, after reports emerged last week that the Kuwaiti firm was looking to offload its African operations.
A step in the right direction but does it go far enough?
Sharing an allowance among family members is one ...
I agree with Dan about this being a excellent read, and that QNX is not well known but sooner or ...
Excellent read with some actual facts compared to the hack journalist/bloggers on the interest. Many don't understand what QNX ...
The main issue with Telenor is that whether they made underhand payments to ge the licenses. If they did, then ...
Over The Top providers have become the staple wildcard in almost any sector set on a collision path with mobile. By and large they are very good at what they do: connecting a user with their chosen content or service by whatever means available.
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