Networking equipment maker Tellabs has agreed to be taken over by Marlin Equity Partners for a cash payment of $891 million.
The deal represents a premium of 4.3% over the closing share price of Tellabs on October 18, according to a statement from the companies, and will see Marlin (Hermosa Beach, CA, USA) offer to acquire all outstanding shares of Tellabs (Naperville, IL, USA) for the sum of $2.45 per share no later than November 1.
AT&T has agreed a $4.85 billion deal with infrastructure company Crown Castle in a deal aimed at improving its financial flexibility and value to shareholders.
The US operator is to lease rights to approximately 9,100 of its towers to Crown Castle (Houston, TX, USA) –which will also buy another 600 towers outright – and then sublease capacity on those towers as and when required.
Motorola Solutions Inc is exploring the sale of its underperforming wireless LAN business, which has grappled with declining share in a market dominated by rivals such as Cisco Systems Inc, people familiar with the matter said.
An exit from the wireless LAN market would come as Motorola (Schaumberg, IL, USA), the provider of data communications and telecommunications equipment, seeks to focus on its core government and public safety division.
The market for small-cell backhaul in outdoor settings is poised for rampant growth next year, according to a new study from Infonetics Research.
Operators are increasingly looking to small-cell technology to plug gaps in existing coverage and boost the capability of their networks.
Pressure on current investments is growing as consumers rush to adopt new smartphones and other devices that can be used to access high-speed internet services.
Alcatel-Lucent's future is at risk after the telecoms company, which has been in the red since 2006, missed key technological shifts, its chief executive Michel Combes said on Tuesday as French workers protested against job cuts.
The Franco-American group last week unveiled plans to slash 10,000 jobs worldwide, including 900 in France, arguing the cuts were its last chance to stem years of losses and turn the company around.
"This company could disappear," Combes told Europe 1 radio.
China's Huawei, one of the world's largest telecoms network infrastructure providers, is not planning any large takeovers because it would be unable to integrate them, Deputy Chairman Guo Ping was reported as saying in German paper Welt am Sonntag.
Ping, one of three deputy chairmen who take turns acting as chief executive, was responding to the paper's question on whether he could imagine buying one of Europe's big players in the sector, such as Nokia (Helsinki, Finland) or Alcatel-Lucent (Paris, France).
Telecom equipment maker Alcatel-Lucent said on Tuesday it would cut 10,000 jobs worldwide, calling it the last chance to turn the company around from heavy losses.
It was the latest step in a plan to focus on high-growth areas ranging from 4G mobile to high-speed broadband, and to lower fixed costs by more than 15 percent, saving a total of 1 billion euros ($1.36 billion).
The product of a 2006 Franco-U.S. merger aimed at creating a global giant, Alcatel-Lucent (Paris, France) told a European works council meeting it intends to axe nearly one in seven of its employees.
US cable company Time Warner Cable has agreed a $600 million takeover of DukeNet Communications, which operates a fiber-optic network across various Southeastern states.
DukeNet (Charlotte, NC, USA) is currently 50% owned by Duke Energy (Charlotte, NC, USA), the country’s largest electric power holding company, with the other 50% held by investment firm Alinda Capital (Greenwich, CT, USA).
The companies expect the transaction to close in the first quarter of 2014, subject to normal regulatory approvals.
Chinese telecommunications equipment maker Huawei plans to create 5,500 jobs in Europe within five years as the company expands its services in the region, state-owned newspaper China Daily said on Saturday.
Huawei (Shenzhen, China), the world's second largest maker of telecoms communication equipment, is to offer information technology solutions to European businesses, Patrick Zhang, president of marketing and solutions at Huawei Enterprise Business Group, told the newspaper.
AT&T Inc said on Friday it is exploring options such as a sale of its wireless broadcast towers but noted that its ability to reach a deal would depend on the terms it is able to reach with the buyer for its ongoing use of the towers.
When wireless service providers sell broadcast towers they typically lease back space from tower operators so they can continue to offer their services without interruption.
Bloomberg reported earlier this week that AT&T (Dallas, TX, USA) had hired bankers for a sale of its towers that could fetch about $5 billion.