Verizon's $130 billion deal with Vodafone is huge for both companies, although Verizon customers in the U.S. are unlikely to see any big changes to their bills or their service. Verizon is buying the 45 percent of its wireless business owned by British cellphone carrier Vodafone...
Bloomberg spoke with CEO Lowell McAdam and he confirmed Verizon would not be heading into the Great White North. As the same report points out, Canadian analysts are expecting a huge sigh of relief from big incumbent Canadian carriers Rogers, Telus and Bell to go along with big stock boosts for all three.
Verizon will own its wireless business outright after agreeing Monday to pay $130 billion for the 45 percent stake in Verizon Wireless owned by Vodafone. The buyout, the second-largest acquisition deal on record, would give Vodafone PLC additional cash to pursue its expansion ambitions in Europe. Those ambitions include its push to buy up other cellphone providers and to expand into the lucrative world of mobile services.
With the valuation of Vodafone’s stake being floated around $130 billion, it’s lead many to believe Verizon might lack the extra funds to enter the Canadian market, whether via a spectrum buy or acquisition. As Barron’s points out, Verizon might see trying to break into Canada as an unneeded distraction from its higher-priority plans to secure Vodafone’s share of Verizon Wireless.
Vodafone has confirmed that it is in talks to sell Verizon its 45 percent stake in the Verizon Wireless joint venture. Vodafone cautioned, however, that a deal is not a certainty. Bloomberg reports that the carriers have valued Vodafone's share of the company at $130 billion
Much to the dismay of the major Canadian wireless carriers, a new report suggests that doing away with all penalizing rules on any carriers, both foreign and domestic, in the country's upcoming spectrum auctions will actually improve overall competition...
Qualcomm Incorporated today announced that it has signed a definitive agreement to sell Omnitracs, Inc., a subsidiary of Qualcomm Incorporated, to Vista Equity Partners, a U.S.-based private equity firm. Subject to the terms and conditions of the definitive agreement, Vista will purchase Omnitracs for $800 million in cash.
Cox Business today announced a strategic partnership with ViaWest, a colocation services provider in North America, to offer commercial customers secure fiber network connectivity along with compliant colocation and cloud infrastructure solutions.
Wavelink, a business unit of LANDesk Software, today announced the release of Wavelink Terminal Emulation (TE) for iOS. TE for iOS provides secure data and host application access for iOS mobile device users. This latest installment of TE follows previously announced support for the Android platform.
In the past three years, wholesale connections stemming from mobile virtual network operators (MVNOs) and M2M have climbed by 30 million to hit 70 million across six top carriers. According to new numbers from GSMA Intelligence, the group including AT&T, T-Mobile, Sprint, US Cellular, Clearwire and Verizon Wireless has seen combined total connection gains of 20 percent over the last two years.
Verizon Wirelesshas put the brakes on its move to acquire a pair of smaller Canadian carriers, Wind and Mobilicity. Verizon had reportedly already made a $700 million bid for Wind and had signed a non-disclosure agreement with Mobilicity. The Globe and Mail, citing sources familiar with the situation, reports that...
AT&T has come out firing against a T-Mobile proposal for the FCC’s upcoming incentive auctions for 600 MHz spectrum. The carrier is saying T-Mobile’s “Dynamic Market Rule” plan would result in failure to generate sufficient revenue and “almost certainly doom the auction.”
Chase cardholders nationwide can soon expect to tap and pay with their mobile devices as Chase has announced its going coast-to-coast with its support for the Isis Mobile Wallet. Chase Freedom, Sapphire and Slate, as well as JPMorgan Palladium cardholders, will now be able to load their card info into Isis.
American Tower Corporation today announced that it has reached an agreement with NII Holdings, Inc. to acquire up to 2,790 towers in Brazil and 1,666 towers in Mexico in two separate transactions, for approximately $413 million and $398 million, respectively, based on current foreign currency exchange rates.
All carriers offer zero-down phones for new subscribers and new contracts, but that low price is traditionally reserved for entry-level devices. As of July 27, T-Mobile customers can snag devices like the Samsung Galaxy S4, Galaxy Note 2, Sony Xperia Z, Nokia Lumia 925, HTC One, BlackBerry Q10 and iPhone 5 (8 GB model only) for nothing up front in exchange for paying higher monthly fees in some cases.
According to the latest research from Strategy Analytics, Samsung became the world's most profitable handset vendor in Q2 2013. Apple slipped into second position, as margins have been hit by lower iPhone 5 volumes and tougher competition in China.
Investors may be questioning Apple's operations, but consumers remain faithful to the brand. According to findings from the 2013 Harris Poll EquiTrend study, Apple took home repeat Brand of the Year distinctions in three categories - Computer, Tablet and Mobile Phone - in the annual study...
Two of Canada’s biggest wireless providers, Bell Canada and Rogers, have come out in opposition to legal loopholes that would allow foreign carriers to buy up smaller Canadian carriers and gain an unbalanced advantage. Reuters last month reported on Verizon’s $600 million bid for Wind and said that Verizon was also interested in rival Canadian startup Mobilicity.
Over the past few weeks, three major U.S. wireless providers unveiled plans to combat phone envy: Let's say you just bought a phone, and then one with better features comes out a month later. You no longer have to wait a full two years to get it. Instead, you pay a monthly fee...
Cell reception can be tough to find when you’re riding a train underground. Up to this point, only GSM customers got much of anything in a handful of New York City’s subway stations, with only AT&T and T-Mobile having a presence—along with Boingo Wireless. But now Sprint and Transit Wireless have finalized a deal to bring Sprint voice and data to all 277 subway stations in New York.
Verizon Wireless is launching three new Droid smartphones made by Google's Motorola unit. The nation's No. 1 wireless carrier said Tuesday that the three phones will be the Droid Mini for $100, the Droid Ultra for $200 and the Droid Maxx for $300....
The wireless carrier print ad wars just got a whole lot more entertaining. In T-Mobile’s new print ad running today in USA Today, the gloves are off as the carrier comes right out and calls AT&T’s new early device upgrade plan, Next, “calculating, sneaky, and underhanded.”
Verizon took out a full-page ad in Monday’s Wall Street Journal to stake its claim as the nation’s most reliable network. The ad—no small gesture considering the rate for a non-contract color full-page ad in the Journal’s national edition costs nearly $328,000—is presumably in response to an AT&T press release issued last Friday, in which the carrier claimed it is “now also [the] nation’s most reliable.”
It used to be so easy to keep tabs on kids’ phone activity. Simply pick up a different phone and try not to breathe too heavily into the receiver. But the kids don’t want a landline anymore and as the functionality of their cell phones have become more impressive, monitoring their activity on them has gotten more complicated.
Verizon today confirmed that it will move to an early device upgrade and/or financing program similar to those recently launched by AT&T and T-Mobile. During a second-quarter earnings call Thursday morning, CFO Fran Shammo said the company has recognized the demand for such a program...