The merger between Russian-based VimpelCom Ltd. and WIND Telecom SpA (which owns Orascom Telecom, itself a WIND Mobile partner) cleared a significant milestone today as shareholders approved the move. Alexander Izosimov, CEO and President of VimpelCom, commented: “The approval of this transformative combination with Wind Telecom by our shareholders will lead to the creation of a new global telecom player […]
Mergers and acquisitions
Qualcomm acquires Atheros for US$3.1 billion
Qualcomm today announced that they will acquire Atheros which makes wireless and wired communications products. The transaction is valued at US$3.1 billion. “With this acquisition and our complementary products, Qualcomm will be in a strong position to take our successful mobile strategy of bringing the best technologies together into a systems solution and apply this to new opportunities,” said Steve […]
WIND Mobile parent company Weather Investments SpA to merge with Russian VimpelCom Ltd.
Russian-based VimpelCom Ltd. and Weather Investments S.p.A today announced that they will be merging to become the world’s fifth largest mobile telecommunications carrier with over 174 million subscribers and operations in 20 countries in Europe, Asia, Africa and North America. As part of the agreement, VimpelCom will hold 51.7% of Orascom Telecom Holding S.A.E., the backing company behind Canadian carrier […]
HP completes Palm acquisition
It’s official: HP today announced it has completed its acquisition of Palm Inc. The combination gives HP significant headway into one of technology’s fastest-growth segments with Palm’s innovative webOS platform and family of smartphones, plus a rich portfolio of intellectual property from the smartphone pioneer. HP’s global scale and financial strength plus Palm’s award-winning webOS experience, as well as its […]
Research In Motion to acquire QNX
Research In Motion today announced that it is buying QNX Software Systems from Harman International. QNX is an Ottawa-based company with technology that develops in-vehicle audio and infotainment systems that include wireless services such as Internet radio, video-on-demand and navigation. “In addition to our interests in expanding the opportunities for QNX in the automotive sector and other markets, we believe […]
Lenovo to buy back mobile device division
Lenovo is buying back the mobile-phone division that it sold off last year. It sold the money-losing division in January 2008 for US$100 million. It will now buy it back for US$200 million. Today’s announcement signals that Lenovo is gearing up its efforts in the burgeoning mobile Internet market in China. Lenovo Mobile now ranks No.3 in China’s mobile handset […]
TELUS to acquire Black’s Photo
TELUS announced today that it has acquired Black’s Photo Corporation, a Canadian imaging and digital retailer. The move gives TELUS 113 new retail locations across Canada for its wireless products and services. “Black’s is an impressive Canadian retailer with a great brand, reputation and management team,” said Joe Natale, executive-vice president and president, TELUS Consumer Solutions. “Black’s premium locations provide […]
Bell Mobility completes acquisition of Virgin Mobile Canada
Bell announced yesterday that it had completed its acquisition of Virgin Mobile Canada. Bell acquired the 50 percent share it did not already own for CA$142 million. It also secured a long-term brand licensing agreement with the Virgin Group (including support for the Virgin Festival). Bell also confirmed that Virgin Mobile Canada will have access to its upcoming national HSPA […]