South Africa’s Vodacom has announced plans to acquire Neotel from India’s Tata Communications for a cash fee of ZAR7 billion ($676 million).
The takeover will put the operator, owned by Vodafone (Newbury, UK), in control of South Africa’s second-biggest fixed-line network, allowing it to better compete in the market for unified communications products that combine fixed and mobile capabilities.
It says it plans to offer an expanded and enhanced range of converged services – such as hosted PBX – to enterprise customers.
Latin American telecoms giant America Movil has launched a €1.4 billion ($1.9 billion) offer for the 73% stake in Telekom Austria it does not already own.
The offer values Telekom Austria at €7.15 a share and is set to remain open for a period of eight weeks, said America Movil (Mexico City, Mexico) in a statement.
For the deal to go ahead, the offer must be accepted by shareholders currently in control of at least 50% of the outstanding shares.
Google Inc said it has acquired Divide, a company whose software allows corporations to manage the personal smartphones that consumers increasingly use on the job.
In a post on Divide's (New York City, NY, USA) website on Monday, the company said it was joining Google's (Mountain View, CA, USA) Android team. The post did not provide financial terms of the deal and a Google spokesman declined to comment on the terms.
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Middle Eastern telecoms giant Etisalat has reportedly agreed to sell six of its businesses in West Africa to Maroc Telecom in what amounts to a restructuring of its operations in advance of a Maroc Telecom takeover.
In November, the operator agreed to pay $5.8 billion for a 53% stake in Maroc Telecom (Rabat, Morocoo) being sold by France’s Vivendi (Paris).
Egyptian fixed-line incumbent Telecom Egypt has announced its EGP2.5 billion acquisition of a mobile license from the country’s authorities.
The license will allow the operator to provide mobile services alongside the fixed ones it already offers to consumers and businesses, using the local mobile networks of Etisalat (Abu Dhabi, United Arab Emirates), Orange (Paris, France) and Vodafone (Newbury, UK).
Verizon Communications Inc has urged U.S. regulators not to restrict how much it can buy in next year's auction of wireless spectrum, saying such a limit would subsidize the smallest national carriers and their foreign owners.
Federal Communications Commission Chairman Tom Wheeler recently proposed rules for the complex sale of valuable airwaves scheduled for mid-2015. The rules would reserve part of the spectrum in each market for wireless carriers that do not already have dominant blocks of low-frequency airwaves there.
T-Mobile US Inc said it added a record number of customers in the first quarter, blowing past its competitors as the company's aggressive discounts lured in subscribers.
T-Mobile (Bellevue, WA, USA) shares jumped 7.3 percent as the company that has billed itself as the "uncarrier" signed up 2.4 million new customers in the first quarter, topping estimates of 932,000. That was more than its top three rivals combined, a first for the No. 4 mobile carrier in the United States based on total subscribers.
Telefonica Deutschland has sweetened its offer of concessions in order to win European Union approval for its planned takeover of KPN's E-Plus unit in Germany, a spokesman for the telecoms firm said.
Telefonica Deutschland (Munich, Germany), a unit of Spanish telecoms operator Telefonica (Madrid), last month offered to lease spectrum above 2 gigahertz and access to its network to rivals after the European Commission expressed concerns about the 8.6 billion euro ($11.9 billion) deal.