SAN FRANCISCO (Reuters) - Verizon Communications said it would sell wireline assets to Frontier Communications for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.
The transaction is the latest in a series of non-core assets that Verizon has sold in recent months to reduce debt and raise cash for investments.
The Frontier sale is expected to close in the first half of next year and is subject to regulatory approval, the companies said.
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.
One trade the SEC is looking at took place at 12:06 p.m. on that day, when there was a purchase of options with the rights to buy 200,000 shares of BlackBerry stock at a strike price of $10 a share, the person said.
PARIS (Reuters) - In the final year of his turnaround plan, Alcatel-Lucent's boss is pushing the telecom network gear maker to diversify its customer base by selling Internet equipment to large technology companies and multinational corporations.
Chief Executive Michel Combes' plan to put more emphasis on so-called edge and core routers that direct traffic on the Internet has allowed the company to set itself apart from traditional mobile rivals Ericsson and Nokia, and leads it into competition with U.S. networking giant Cisco.
WASHINGTON/SAN FRANCISCO (Reuters) - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday.
AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum. Dish itself did not win any licenses, but had invested in bidding partners SNR Wireless LicenseCo LLC and Northstar Wireless LLC, which bid a total of $13.3 billion.
Network Virtualization Industry Awards 2015 – Celebrating the finest advancements in the industry this year
Virtualization 100 - Uniting the industry's shining lights and helping to move the industry forward
Co-located alongside our well established LTE Latin America show, the NFV & SDN community will come together to discuss Carrier Class SDN from a unique, strategic operator led perspective. Hear from all parts of the SDN ecosystem and take away the key learning points to utilize virtualization technologies to benefit networks in the long term.
(Reuters) - U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret source code and adopt Chinese encryption algorithms.
Cybersecurity has been a significant irritant in U.S.-China ties, with both sides trading accusations of abuses.
BRASILIA (Reuters) - Brazil's government has no preferred model for consolidation of the country's telecom market, a source told Reuters on Thursday, leaving behind the days when Brazilian telecom company Oi SA was held up as a "national champion".
As long as companies continue investing in their networks and offering competitive services, the government is not concerned about the widely anticipated shift from four major carriers to three, the source said on condition of anonymity.
During the last week, California-based Dell’Oro Group released several reports indicating growth in key WAN equipment sectors.
The biggest winner, if forecasts hold true, would be vendors in the Layer 2-3 Ethernet Switch market, which Dell’Oro analysts estimate will exceed $25 billion in 2019. Continued adoption of Software Defined Netowrking (SDN) architectures and Cloud deployments will drive sales of white box switching, software, and 100 Gigabit Ethernet equipment, according to the report.
MADRID/HONG KONG (Reuters) - Li Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain's telecoms industry.
Hutchison already operates the Three Mobile network in Britain, and buying second-ranked O2, which has about 22 million subscribers, from the Spanish group will make it the top mobile operator in the country.