Deutsche Telekom, T-Mobile USA’s parent company, today announced that it has signed an agreement to merge T-Mobile USA with MetroPCS, a smaller pre-paid U.S. carrier. The combined company will continue to operate under the T-Mobile brand name and led by new T-Mobile CEO John Legere. “We are extremely pleased to announce this transaction with MetroPCS, which enhances Deutsche Telekom’s position […]
Mergers and acquisitions
Rumour: IBM looking to buy RIM’s enterprise-services division
Among the strategic options being considered by Research In Motion is the option to sell off portions of its business. Citing “two people familiar with the situation,” Bloomberg is reporting that it may have found a suitor for one of its divisions. IBM has apparently informally approached RIM to buy its enterprise-services unit which includes RIM’s BIS and BES infrastructure. […]
Samsung dismisses latest RIM acquisition and licensing rumours
Rumours of Samsung acquiring Research In Motion resurfaced today courtesy of a research note from an analyst at Jefferies & Co. Peter Misek suggests that RIM is close to wrapping up its review of its strategic options. He expects that RIM will conclude that it needs to license its BlackBerry 10 operating system to another company with Samsung being the […]
Rumours of Microsoft-RIM partnership resurface
Research In Motion’s dismal quarter has reignited past rumours that the company could sell off a portion of its assets or partner up with someone else to survive. Citing “three sources familiar with the situation,” Reuters is reporting that RIM could form a partnership with Microsoft similar to the one that the latter has with Nokia. Microsoft CEO Steve Ballmer […]
Qualcomm buys power management circuit maker Summit Microelectronics
Not only are smartphones getting more complex but many of their components such as larger displays and more powerful processors require more power than those of earlier generations. The problem is compounded by the fact that battery technology has not kept up, resulting in larger batteries to meet increased power demands. In a bid to make its components more power […]
Nokia sells Vertu luxury smartphone brand
Along with its management changes and restructuring announced today, Nokia also announced that it had sold its Vertu luxury mobile phone brand to European private equity group EQT. “With its strong brand, undisputed category leadership and attractive growth outlook, Vertu fits well with EQT VI’s investment strategy. EQT VI is excited about the opportunity to develop Vertu as a standalone […]
Rumour: Microsoft and Samsung considering Nokia buy-out
Nokia’s stock recently hovered hit a 15-year low (giving it a market capitalization of about US$4 billion), prompting new rumours of an imminent buy-out. Both Microsoft and Samsung’s names have been tied to these. There were rumours a year ago which valued a deal at US$19 billion. According to The Register, Microsoft considered a buyout late last year, according to […]
WIND Mobile looking to expand through partnerships
WIND Mobile’s parent company, Globalive Wireless Management, is looking to expand its network by partnering with regional telecommunications and cable companies. It is already talking to a number of regional players about agreements to share networks, sites and marketing for its WIND Mobile brand. In an interview with The Globe and Mail, Tony Lacavera, Globalive’s chairman and chief executive officer, […]