AT&T, the nation’s second largest wireless provider, has just announced that it will acquire T-Mobile USA from parent company Deutsche Telekom in a cash and stock deal worth approximately $39 billion. With all of the talk of Sprint and T-Mobile joining up, the AT&T news comes out of the blue — though strategically it makes more sense due to both carriers’ spectrum and network technology. It has been widely reported that Deutsche Telekom was looking to get rid of T-Mobile USA for various reasons. AT&T has also committed to delivering LTE to an additional 46 million people with the T-Mobile acquisition, promising to cover close to 95% of the U.S. population with LTE wireless services in the future. The deal is expected to close, pending regulatory approval, within the next 12 months. The full press release is after the break.
WIND Telecom SpA announced on Thursday that the shareholders of Russian mobile operator VimpelCom have voted to approve the acquisition of WIND Telecom for $6 billion. VimpelCom said regulators approved the acquisition as well. The deal covers all of WIND Telecom’s assets, which includes Orascom Telecom, a major WIND Mobile shareholder, and VimpelCom will add nine new markets including Pakistan, Bangladesh, Burundi, Italy and Canada to the eleven it already covers. When finalized, the purchase will make VimpelCom the world’s fifth largest mobile Teleco with more than 173 million subscribers. “This is great news for us. Our partner, Orascom, will be even larger and stronger as a financial partner. This gives us more leverage and increased scale with telecom network equipment manufacturers and more importantly, for devices including handsets and tablets,” said Anthony Lacavera, WIND Mobile’s chairman, adding that the purchase will give WIND more access to long distance roaming services. Lacavera said he would provide more information as new details on the acquisition emerge.
A new rumor suggests HP may have considered selling its PC business, with Samsung lined up as the most likely buyer. The report comes from DigiTimes and is sourced from an article in the Chinese financial paper Commercial Times. DigiTimes claims that rumors to this effect have been circulating in Taiwan since last year, however, and suggests that a sale is no longer on the table. Citing sources from upstream component makers, the report claims “the deal was called off due to an unknown reason, and there has not been any follow up since then.” The original report also noted that Lenovo was a possible buyer and even suggests Foxconn might have shown interest in the business. HP has aggressive plans to include webOS on every PC it sells beginning next year. With such an incredible in-road to users, it would seem odd for HP to even briefly consider selling off its PC business.
UPDATE: HP issued the following statement on Thursday regarding the Commercial Times report: “Irresponsible reporting by Taiwan’s Commercial Times, suggesting that HP might sell its PC business, should be dismissed as market rumor and speculation. HP runs the world’s largest PC business and it is core to HP’s strategy for the connected world.”
The holidays are a time for giving, but AT&T decided it would scoop up a little stocking stuffer for itself this holiday season — a $2 billion stocking stuffer. The nation’s No. 2 carrier announced Monday that it has reached an agreement with Qualcomm to purchase blocks of 700MHz spectrum for $1.925 billion. The blocks in question were previously used for Qualcomm’s FLO TV service, and an estimated 300 million people were covered by the service. AT&T plans to ultimately use this newly acquired spectrum for its upcoming LTE network, which will begin rolling out next year. Hit the break for AT&T’s press release. More →
Today, Nokia announced that they have signed an agreement to acquire U.S. mobile analytics company Motally. Motally “offers in-application tracking and reporting, and is designed to enable developers and publishers to optimize the development of their mobile applications through increased understanding of how users engage.” Motally’s services are to be adapted for Qt, Symbian, MeeGo, and Java. Nokia has also said they will continue to serve Motally’s current customer base (e.g. Yelp, Fandango, Intuit). Nokia’s Vice President of Media, Marco Argenti, had this to say: “The acquisition underpins Nokia’s drive to deliver in-application and mobile web browsing analytics to Ovi’s growing, global eco-system of developers and publishers, enabling partners to better connect with their customers and optimize and monetize their offering.” The deal is set to close in Q3 of 2010; the firm has eight employees. Hit the read link for the full press release.
Now that the dust from the HP Palm merger has settled, some new details are starting to emerge. The Business Insider is reporting that Apple, Google, and RIM all had serious conversations with Palm about a potential acquisition. An anonymous source “familiar with the matter” tells BI: Apple and Google were interested in Palm’s 450+ patent library and pending patents, while RIM “had the deal in their hands” before things went south. The report goes on to say that Nokia was no where near the deal. Hit the read link for the full report. More →