A widely expected deal that will see US operator Sprint acquire its competitor T-Mobile USA is nearing completion, according to a number of reports citing inside sources. News agency Bloomberg said that an agreement on the price, capital structure and termination fee is close and that the deal would value T-Mobile at $40/share, or roughly $31bn.
Following its acquisition of content delivery network provider EdgeCast, Verizon Digital Media Services has started adding direct local connectivity to many of the world’s largest broadband providers, streamlining delivery and distribution of content to ensure high-quality user experiences and handle traffic spikes as connected devices, user bases and file sizes continue to grow.
Verizon Enterprise Solutions, the cloud computing and enterprise IT-focused division of American operator Verizon has appointed Francis Yip to group vice president of Verizon Asia Pacific, where he will lead all of the business’ strategic initiatives.
The evolution of voice continues apace as US carriers Verizon Wireless and T-Mobile USA reveal plans to launch Voice over LTE, with AT&T expected to follow suit on Friday.
Vodafone has announced a huge leap in profits for the financial year to end March 2014, thanks largely to the sale of its stake in Verizon Wireless, completed earlier this year. Profit for the year stood at £59.42bn, up from £673m for the previous financial year. However, group revenues were down 1.9 per cent to £46.62bn, while service revenue was down 2.4 per cent to £39.53bn.
Open source Platform as a Service (PaaS) initiative Cloud Foundry announced the addition of eight new members this week. Ericsson, NTT and Verizon are among those looking to contribute to and benefit from the initiative, which is indicates how seriously telcos are looking at digging deeper into the cloud stack.
The Informer once spent a month in Costa Rica. What a beautiful place it is; spectacular jungles, intricate river networks, active volcanoes, perfect, deserted beaches. Admittedly the presence of MASSIVE spiders everywhere made for a holiday that wasn’t unequivocally relaxing. More than once the sights and sounds of the Informer high-stepping at full tilt like an NFL wide receiver, while shrieking like a B-movie scream-queen, disturbed the tranquility of the forest.
US operator Verizon Wireless has posted a 4.8 year on year increase in revenue for 1Q14, as well as a 15.1 per cent increase in operating income.
Leading handset manufacturers and operators in the US have teamed up to introduce a ‘killswitch’ in an effort to curb smartphone theft in the country.
American telco Verizon announced the launch of a Secure Cloud Interconnect service (SCI) this week, using private IP addresses to connect its cloud and multiple cloud platforms together, beginning initially with Microsoft Azure. Michael Palmer, vice president of product development for Verizon said linking cloud platforms with private links will help inspire confidence in cloud service once again, which has waxed and waned over the past year.
Regional US operator Cincinnati Bell has announced that it is to close its cellular business, selling its spectrum licences to Verizon Wireless for $194m. The firm, which reported a wireless subscriber base of 340,000 at the end of 2013, down from 398,000 at the close of 2012, saw full year 2013 wireless revenues drop by 17 per cent to $202m.
Verizon Communications on Tuesday agreed to acquire Intel Media, a business division dedicated to the development of Cloud TV products and services. The US carrier will incorporate the Intel-developed technologies into its next-generation video services through the Verizon FiOS fibre optic network and over the top to any device, including via LTE.
The latest version of the Isis mobile wallet service has been launched across the US, following 18 months of testing in Texas and Utah by AT&T, T-Mobile USA and Verizon Wireless.
US operator AT&T is to sell approximately 600 of its wireless towers to independent infrastructure management firm Crown Castle, and lease the rights to another 9,100 towers, for a combined up-front payment of $4.85bn. AT&T will lease capacity back from Crown Castle, for a minimum of ten years, for $1,900 per month per site, with annual rent increases of two per cent.
Recent merger and acquisition activity has illustrated how Europe’s telecoms sector is becoming weaker, according to top executives at operator trade association the GSMA. Speaking at the GSMA’s Mobile 360 event in Brussels, chairman Franco Bernabè, who is also CEO at Telecom Italia, said that deals such as Vodafone’s sale of its Verizon stake and Microsoft’s acquisition of Nokia suggests that Europe is no longer a leading region in the telecoms sector.
On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.
US carrier Verizon Communications has confirmed that it is to acquire Vodafone’s US holdings, including the UK operator’s 45 per cent of Verizon Wireless for $130 billion, consisting primarily of cash and stock. The firm said that the deal had unanimous approval from both boards and will likely close in the first quarter of next year.
Vodafone put a price on the sale of its 45 per cent share in Verizon Wireless to Verizon in another short statement on Sunday, sizing the deal at $130bn (£83.4bn) in cash and common Verizon stock. While the firm described the talks as “advanced”, and despite reports on Sunday and Monday that the deal is all but done, a formal announcement has yet to be made.
Liberty Global shares rose sharply yesterday on speculation that Vodafone could use cash freed up by its exit from Verizon Wireless to acquire the international cable giant.
Vodafone has confirmed that it is discussing the potential sale of its 45 per cent stake in US operator Verizon Wireless to JV partner Verizon Communications. Verizon’s desire to assume full control of the largest mobile operator in the US is well known and the deal has been the subject of speculation for the better part of a decade.