Communication companies are hooking up around us as we speak. Mobile carrier AT&T is buying satellite provider DirecTV. Cable distributor Charter is acquiring rivals Time Warner Cable and Bright House Networks. Now T-Mobile is looking to merge with Dish Network, according to The Wall Street Journal.
The two sides apparently agree on how the combined company would look. T-Mobile CEO John Legere would serve as CEO, while Dish Chief Executive Charlie Ergen would be the chairman. Read More
Shortly after confirming the rumors of its talks with Alcatel-Lucent yesterday, Nokia has announced today that it does indeed intend to buy the French firm. The deal would combine both European companies' assets under the Nokia Corporation name, with headquarters in Helsinki and a strong presence in France. No cash transactions would be involved, instead the acquisition is a public exchange offer whereby 0.55 Nokia shares are offered for every Alcatel-Lucent share. The valued total amounts to 15,6 Billion Euros. Read More
United Kingdom communications giant BT Group, also referred to by its primary subsidiary British Telecom or simply "BT," is buying its way back into the mobile carrier business. The company announced its intention to buy UK carrier EE for a combination of cash and stock worth 12.5 billion pounds. That would combine the country's largest mobile carrier at 24.5 million customers with its largest landline/ISP operator at 10 million customers, creating a force to be reckoned with in both wireless and wired connections. Read More
Oh, what a tangled web gigantic mega-corps weave. Japanese telecom SoftBank wants to get its hands on an American wireless carrier, come Hell or high water, and they've just outbid Dish Network to do so. According to Reuters, Softbank has upped its bid from October of last year to $21.6 billion USD for 78% control of Sprint, topping its previous commitment of $20 billion for 70%. Dish Network is currently offering $25.5 billion in a mix of cash and stock for an outright sale, about 10% less on a share-by-share basis. Read More
GrubHub and Seamless are merging into a single company intent on bringing more customers to more restaurants, or more food to more customers, depending on your perspective. For those who have never heard of either company, they both allow mobile shoppers to avoid holding their phones to their ears to order takeout by using mobile apps on their phones instead. It's a popular concept, as evidenced by the roughly $875 million in gross food sales the two companies facilitated last year. Read More
Dearly beloved, we are gathered together in the sight of the FCC and these witnesses to join MetroPCS and T-Mobile in the bonds of holy mergrimony. If any shareholder can show just cause why they may not be joined together, let them speak now or forever shut the hell up.
Today, MetroPCS shareholders approved the merger between the company and T-Mobile USA. As a result of the deal, Deutsche Telekom will own a 74% stake in the new company, while the former MetroPCS shareholders will own 26%. Read More
AT&T has a problem on its hands. It's big, but is it big enough? If you're a CEO of a major corporation the answer to that question is always "no." However, the carrier has difficulty expanding on the home front. An overwhelming majority of U.S. citizens have phones with one carrier or another, so there's very little wiggle room to grab new customers. And gaining in market share when you (and all your competitors!) are dead set on locking people into two-year contracts is very difficult. Read More
Previously, we'd heard rumors and whispers that T-Mobile (by way of its parent company Deutsche Telekom) would be acquiring MetroPCS. Today, both companies' boards have approved the merger and, pending regulatory and MetroPCS shareholder approval, the deal should be completed by mid-2013. The two companies will have a combined subscriber base of about 42.5 million customers, which still leaves it in fourth place in the U.S. behind Sprint with 56 million and AT&T/Verizon who each have over 100 million users. Read More
Update: Deutsche Telekom has confirmed that this merger will be happening (given regulatory approval), and that DT will run T-Mobile and MetroPCS as one company. The DT board will meet tomorrow to approve the transaction.
According to Reuters, "three sources familiar with the situation" are saying a deal between T-Mobile and MetroPCS is "close," and by close, they mean an announcement is probably happening tomorrow.
This is a bit odd, given that MetroPCS is a CDMA carrier, and that network is largely incompatible with T-Mobile's current spectrum holdings. Read More
Just three short months ago, China approved Google's purchase of Motorola Mobility, effectively finalizing the deal. Apparently, neither company is looking to waste any time, as Motorola's new Google-driven leadership has already revealed the basics of the big turnaround plan. The first step: lay off 20% of its employees (including about 1,330 in the US) and close 94 offices around the globe. Given that Moto's phone unit has only made a profit in 6 months of the last 4 years, that's not so surprising. Read More