Telecoms is an industry so fast-moving that even reflecting back on how things were a decade ago evokes sepia-tinged images of people from the past walking unnervingly fast to the soundtrack of frantic piano. “I remember when the point of mobile phones was to make phone calls,” sneer parents everywhere to their digitally native children.
Liberty Global has announced that together with investment firm Searchlight, it has signed an agreement to acquire Puerto Rican Choice Cable, the territory’s second largest cable and broadband services provider. If successful in its bid, the cable giant will merge Choice with its subsidiary Liberty Cablevision Puerto Rico (LCPR).
The European Commission has announced the conditional approval of Telefónica’s bid to acquire German operator E-Plus, almost a year after the deal was first announced, which will result in the merger of Germany’s third and fourth-largest operators and reduce the total number of operators in the country to three.
Vodafone Group has confirmed that it has abandoned its plans to merge its operations in Greece with local operator Wind Hellas, citing the uncertainty around the Greek market as a key reason.
Leading US Carrier Verizon Wireless has no concerns over the proposed merger of AT&T and T-Mobile USA, as long as it does not result in increased industry regulation. The company’s CFO Fran Shammo made the revelation to a Morgan Stanley conference in Spain last week,
ComCo, the Swiss Competition Commission has ruled that the merger of France Telecom’s Orange Switzerland with competitor Sunrise, owned by Denmark’s TDC, will not be allowed to go ahead. The regulatory authority said that the merger would give the firm too dominant a position in the Swiss market.
Merger talks between emerging markets giants Bharti and MTN have been called off once again, after the two firms failed to convince the South African government – MTN’s biggest shareholder – on the benefits of the deal.
Months of speculation about consolidation in the UK mobile market finally came to an end in early September when European carriers France Telecom and Deutsche Telecom announced a merger of their UK mobile businesses, T-Mobile and Orange.
Nationwide US carrier AT&T has announced that it is to buy wireless assets from Verizon Wireless — including licences, network assets and 1.5 million subscribers — for $2.35bn in cash.