acquisition Archives - Telecoms Tech News

Bharti Enterprises to acquire majority stake in BT

Ryan Daws — Mon, 12 Aug 2024 08:39:14 +0000

Bharti Enterprises has announced plans to acquire a majority stake in BT, the UK’s largest broadband and mobile provider. Bharti will purchase approximately 24.5% of BT Group from its current top shareholder, Altice. The acquisition will be executed through Bharti Global, the international investment arm of Bharti Enterprises. Sunil Bharti Mittal, Founder and Chairman of... Read more »

The post Bharti Enterprises to acquire majority stake in BT appeared first on Telecoms Tech News.

T-Mobile closes acquisition of Mint owner

Ryan Daws — Thu, 02 May 2024 12:31:43 +0000

T-Mobile has completed its acquisition of Ka’ena Corporation, the parent company of the direct-to-consumer prepaid wireless brands Mint Mobile and Ultra Mobile, as well as the wholesale wireless provider Plum. The Un-carrier announced the completion of the transaction on Thursday, stating that the combination creates a “win-win” situation by pairing the complementary brands with T-Mobile’s... Read more »

The post T-Mobile closes acquisition of Mint owner appeared first on Telecoms Tech News.

Satellite heavyweights SES and Intelsat to combine in $3.1B merger

Ryan Daws — Wed, 01 May 2024 11:27:34 +0000

Two of the commercial satellite industry’s biggest players are joining forces to fortify their position against the onslaught of emerging low-Earth orbit broadband constellations led by SpaceX’s Starlink network. In a $3.1 billion deal announced Tuesday, Luxembourg-based SES will acquire rival operator Intelsat—creating a combined fleet of around 100 satellites in geostationary orbit (GEO). The... Read more »

The post Satellite heavyweights SES and Intelsat to combine in $3.1B merger appeared first on Telecoms Tech News.

EchoStar completes $26B acquisition of DISH Network

Ryan Daws — Wed, 03 Jan 2024 17:06:00 +0000

EchoStar has announced the completion of its $26 billion acquisition of DISH Network. The deal combines two of the nation’s largest providers of satellite and wireless services into one telecoms giant. Under the terms of the agreement, DISH Network has become a wholly owned subsidiary of EchoStar. All outstanding shares of DISH Network’s common stock... Read more »

The post EchoStar completes $26B acquisition of DISH Network appeared first on Telecoms Tech News.

SES ends Intelsat acquisition talks

Ryan Daws — Thu, 22 Jun 2023 09:58:53 +0000

SES has announced that it has ceased merger talks with Intelsat, ending plans for further consolidation in the satellite internet sector. The potential combination of the businesses, which was reported in March, would have created a significant player in the industry. According to Bloomberg, the transaction would have been valued at over $10 billion, including... Read more »

The post SES ends Intelsat acquisition talks appeared first on Telecoms Tech News.

Viasat completes Inmarsat acquisition

Ryan Daws — Thu, 01 Jun 2023 13:24:46 +0000

Viasat has successfully completed its acquisition of London-based Inmarsat, just a week after the Federal Communications Commission (FCC) dismissed a competition complaint filed by SpaceX. The significant merger brings together two organisations with complementary technology assets, resources, and capabilities, creating a global communications provider with an expanded portfolio of services. Mark Dankberg, Chairman and CEO... Read more »

The post Viasat completes Inmarsat acquisition appeared first on Telecoms Tech News.

Ericsson completes $6.2B acquisition of Vonage after clearing hurdles

Ryan Daws — Fri, 22 Jul 2022 14:40:44 +0000

Ericsson has finally completed its $6.2 billion acquisition of cloud communications provider Vonage after clearing some major hurdles. The Swedish vendor first announced its biggest-ever acquisition in November last year. Börje Ekholm, President and CEO of Ericsson, said: “The core of our strategy is to build leading mobile networks through technology leadership. This provides the... Read more »

The post Ericsson completes $6.2B acquisition of Vonage after clearing hurdles appeared first on Telecoms Tech News.

Lumine Group snaps up connectivity monetisation firm TOMIA

Duncan MacRae — Mon, 20 Jun 2022 14:00:57 +0000

Lumine Group, a division of Volaris Group focused on the communications and media vertical, has acquired TOMIA, an innovator in global connectivity monetisation solutions. TOMIA’s software optimises and orchestrates critical inter-carrier business processes including data and financial clearing, network roaming, real-time campaign management and interconnect solutions. Many of the industry’s leading service providers are said... Read more »

The post Lumine Group snaps up connectivity monetisation firm TOMIA appeared first on Telecoms Tech News.

Altice fuels takeover concerns as its BT ownership increases to 18%

Fin Strathern — Thu, 16 Dec 2021 12:04:43 +0000

Altice, the telecoms group of French billionaire Patrick Drahi, has increased its ownership of BT to 18 percent from 12.1 percent. Drahi’s growing interest in BT has fuelled concerns amongst the company’s leadership and the UK government, with a Downing Street spokesperson stating the “situation is being monitored carefully”. The French billionaire, known for being... Read more »

The post Altice fuels takeover concerns as its BT ownership increases to 18% appeared first on Telecoms Tech News.

FCC: Verizon can acquire TracFone subject to ‘demanding conditions’

Ryan Daws — Tue, 23 Nov 2021 15:45:23 +0000

The Federal Communications Commission (FCC) has granted Verizon approval to acquire TracFone, but it will be subject to “demanding conditions”. Verizon announced its intention to acquire TracFone Wireless for $6.25B back in September 2020. TracFone is the largest reseller of wireless services in the US and has around 21 million subscribers. The proposed deal naturally... Read more »

The post FCC: Verizon can acquire TracFone subject to ‘demanding conditions’ appeared first on Telecoms Tech News.