After BT acquired the UK’s largest network, EE, all eyes have been focused on whether CK Hutchison (owner of Three UK) would be allowed to buy O2 from Spain’s Telefonica. The question has been answered, and while it isn’t good news for the companies involved, it could be some welcome news for UK consumers. The European Commission has ruled against allowing the deal on the grounds that it would have reduced customer choice and likely seen prices increase. Read more
It wasn’t too long ago that Asustek was muted to be discussing a takeover of its struggling local rival, HTC after its own mobile division posted a profit. However, the takeover rumour was strongly refuted by HTC shortly after becoming public news. Today, we have Acer’s CEO, Jason Chen, shooting down talk of a merger between itself and Asustek, stating that the joining of the two companies would violate Taiwan’s Fair Trade laws.
The nation’s fourth largest carrier is once again on the table to be put under the control of another company. Dish Network, one of the largest television providers in the United States, has been engaged in talks to merge with T-Mobile. The merger, if successful, would assign both members’ leaders to familiar roles. Dish Network’s Charlie Ergen would remain chairman of the board of the new company while John Legere of T-Mobile stands as chief executive officer.
Hutchison Whampoa Ltd, which is run by Asia’s richest man, Li Ka-shing, has announced that they will be purchasing the O2 mobile carrier from Telefonica for 10.25 billion pounds ($15.4 billion USD). Hutchison already owns the Three Mobile network in the U.K., so the merger of the two entities under one umbrella will create a new number one mobile operator in the country.
Hutchison’s announced purchase of O2 comes a few weeks after BT announced that it had entered into exclusive talks with EE, currently the largest mobile operator, to purchase the company as part of a strategy to create a company that provides fixed phone service, mobile phone service, and internet service. Read more
As Sprint edges closer to a merger deal with T-Mobile, sources say the parties involved are bracing for a longer than expected approval process. This has triggered lenders to seek higher fees as part of the financing deals. Both Softbank, Sprint’s controlling shareholder, and T-Mobile shareholder Deutsche Telekom AG expect the regulatory approval process to take at least 12 months. Building in some cushion to the schedule, it is expected a drop-dead date will be set for around 18 months after an official announcement is made. Read more
The merger between Sprint and T-Mobile could leave us with only one of the two brands existing. Who will it be? According to CNBC’s David Faber, T-Mobile and its name will be left standing. The Sprint brand, however, would disappear with John Legere’s beast leading the way. In fact, Faber confirmed a that John Legere would remain in charge of the merged company. Sprint CEO Dan Hesse has already made it clear he has no problem fading away. The rising success of T-Mobile would be the reason for sticking around. Within the last few years, Sprint has gained negative press for its poor network and high costs. T-Mobile, as we all know, is all about calling out competitors and serving consumers with great deals. Read more
There is a possibility that we see Sprint and T-Mobile merge in the near future. On Bloomberg’s Market Makers program, Sprint CEO Dan Hesse appeared in a segment to talk about a few topics. Of course, the merger came up and Hesse even commented on T-Mobile CEO John Legere’s way of carrying himself. Read more
For the past several months, there have been some pretty intense rumors surrounding the possibility of Sprint buying out T-Mobile. Sprint has publicly stated that they’d like to at least try to make a bid for T-Mobile, and banks have clarified that a deal would definitely be possible and priced at around $50 billion. Read more
After waiting on the acquisition of Leap Wireless to go through, AT&T has announced Aio Wireless will be merging with Cricket Wireless. Aio, which will be no more, is going to have its name evaporate and identify under the new Cricket brand. For customers of both Aio and Cricket, nothing will change at all. Their plans will remain the same and once Cricket stores start popping up across the country, shopping and customer service can be done there instead of online. As is with any large financial transaction, this one is going to take a little bit of time to complete.
Hit the break for an official introduction from the President of the new Cricket and the full press release. Read more
It’s not exactly a well-kept secret that Sprint is interested in acquiring T-Mobile since SoftBank took over the carrier last year. However, in a recent television interview, Sprint chairman Masayoshi Son publicly stated that he would absolutely love to try and purchase the Uncarrier. He did clarify that at this point in time, Sprint hasn’t made an offer for T-Mobile. They’re still working closely with banks and antitrust authorities to try to get the finer details worked out before moving forward with any kind of deal. Read more