Hewlett-Packard is a giant in the technology sector. It offers everything from consumer printers and desktops to a host of enterprise services. One area where the company has not fared well is the mobile space. Its famed iPAQ line is no more than a chapter in its history and its Palm acquisition ended in a debacle when the company cancelled […]
Mergers and acquisitions
Cyanogen said to have turned down Google acquisition
Getting acquired by Google is not every startup’s dream. The Information reported yesterday that Cyanogen had turned down Google’s advances. The revelation that Google wanted to acquire the company that builds its own version of Android was apparently made by company CEO Kirt McMaster to company shareholders. It’s not the first time that a company reaches out to Cyanogen to […]
Confirmed: Globalive Capital acquires WIND Mobile
News broke last night that WIND Mobile’s founder and CEO, Tony Lacavera, was looking to buy out VimpelCom’s share of the Canadian carrier with a consortium of financial backers that includes West Face Capital, Tennenbaum Capital Partners, LG Capital Investors, Serruya Private Equity, and Novus Wireless Communications. The news was confirmed this morning with an announcement by Globalive Capital, Lacavera’s […]
WIND Mobile founder leads Vimpelcom share of WIND Mobile acquisition
VimpelCom, the telecommunication conglomerate that owns a large portion of WIND Mobile has finally found a buyer for the Canadian carrier it has been trying to sell. Citing sources familiar with the matter, The Globe and Mail has learned that WIND Mobile’s founder, Tony Lacavera, will buy out buy out the Dutch-based company with the backing of a number of financial backers […]
Buyers including Microsoft circling Cyanogen?
CyanogenMod is not only attracting the attention of users looking to customize their Android devices these days. From its early days as a custom ROM for the HTC Dream, it has established itself as one of the most popular aftermarket Android firmwares today. Its growing success led to Cyanogen becoming a commercial company backed by venture funding to the tune […]
Eastlink acquisition of Bruce Telecom in trouble?
The transaction that would have seen Bragg Communicationss, the parent company of Eastlink, acquire Bruce Telecom for CA$26.5 million appears to be in trouble. Canada’s competition bureau has ruled that the deal would not be in the interests of the residents of the Kincardine municipality as it would likely reduce choices and increase prices: “Our review concluded that Eastlink’s acquisition […]
Sprint appoints Marcelo Claure as new President and CEO
Sprint today announced that it has appointed Marcelo Claure as the company’s next President and Chief Executive Officer. Claure takes over from Dan Hesse, who has been CEO since 2007, on August 11, 2014. “Marcelo is a successful entrepreneur who transformed a start-up into a global telecommunications company. He has the management experience, passion and drive to create the strongest […]
Providence Equity Partners considering acquiring stake in WIND Mobile
Canada’s recently announced AWS-3 spectrum auction will give a chance to some of Canada’s smaller carriers to secure spectrum to deploy LTE capabilities. WIND Mobile was quick to applaud the rules of the auction but it still likely needs to secure the funding necessary to participate and acquire the specrum needed to expand its network. Now comes word via Bloomberg […]