Financial

AT&T to buy NII Holdings' wireless business in Mexico

Plans to combine Nextel Mexico with Iusacell, which the company acquired in November

Reuters

(Reuters) - AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt.

NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

AT&T plans to combine Nextel Mexico with Iusacell, which the company acquired in November for $1.7 billion.

Samsung talks to BlackBerry about $7.5 billion buyout - source

With a takeover of Blackberry, Samsung could make greater inroads into the corporate market

Reuters

NEW YORK (Reuters) - Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

South Korea's Samsung proposed an initial price range of $13.35 to $15.49 per share, representing a premium of 38 percent to 60 percent over BlackBerry's current trading price, the source said on Wednesday.

Hutchison to buy Telefonica UK unit for $15.4 billion

Move comes only weeks after former BT entered exclusive talks with the owners of EE

Reuters

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.

Satellite startup Planet Labs raises $95 million

One of several startups aiming to harness technology allowing satellites to become smaller and less expensive

Reuters

SAN FRANCISCO (Reuters) - Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists, said on Tuesday it had raised $95 million to help build its business of selling satellite images and data to customers.

Data Collective, whose partner Zachary Bogue will join Planet Labs' board, led an equity funding round of $70 million. Western Technology Investment provided a debt facility of $25 million. All existing investors, including SpaceX backer Draper Fisher Jurvetson and Russian billionaire Yuri Milner, participated in the latest equity round.

China's Huawei Technologies says 2014 profit likely rose 17 percent

China's 3 carriers built an estimated 1 million 4G towers by end of 2014

Reuters

BEIJING (Reuters) - Huawei Technologies Co Ltd likely booked a 17 percent increase in operating profit last year, as worldwide adoption of fourth-generation (4G) mobile technology boosted earnings at China's leading telecommunications equipment maker.

Profit likely reached 33.9 billion yuan ($5.47 billion) to 34.3 billion yuan in 2014, on a roughly 20 percent increase in revenue at 287 billion yuan to 289 billion yuan, the company said on Tuesday in unaudited results.

Italy's digital future seen at stake in battle for Metroweb

Servicing homes with fiber optic cable is a tough and costly task

Reuters

MILAN (Reuters) - A small company renting out optical fiber cables in Milan has become the subject of a fierce takeover battle between Telecom Italia and global mobile giant Vodafone, with a national high-speed fiber network seen as the ultimate prize.

Both companies have set their sights on buying a controlling stake in Metroweb that infrastructure fund F2i is selling.

SoftBank shrinks U.S. office, marking end of failed T-Mobile bid

Subsidiary Sprint dropped bid to acquire No. 4 U.S. carrier in August

Reuters

TOKYO (Reuters) - Japan's SoftBank Corp will soon downsize its Silicon Valley offices, people with knowledge of the matter said, signaling the company won't revive efforts to buy T-Mobile U.S. Inc.

SoftBank subsidiary Sprint Corp dropped its bid to acquire the No. 4 U.S. carrier in August but the companies did not rule out future consolidation.

Vietnam's Viettel nears deal to invest $800 million in Myanmar telecoms

Small minority of the 53M population has a mobile phone in one of the world's 'last telecoms frontiers'

Reuters

HANOI/YANGON (Reuters) - Vietnam's Viettel Global and Myanmar's state-backed Yatanarpon Teleport are awaiting approval for an investment of at least $800 million to build Yatanarpon's telecoms infrastructure in Myanmar, officials from both companies said on Friday.

Myanmar - where communications were tightly controlled by the former military junta - is one of the world's last telecoms frontiers, with just a small minority of the 53 million population having a mobile phone.

Telefonica boss heads to London as BT mobile talks heat up

Deal would return O2 to its original owner

Reuters

LONDON/MADRID (Reuters) - The battle to become the mobile partner of BT intensified on Thursday as the chairman of O2's Spanish owner, Telefonica, flew to London and rival suitor EE's owners indicated they were willing to offer more attractive terms to seal a deal.

BT has been in talks with Telefonica and EE's owners, Orange and Deutsche Telekom for nearly a month about a deal to buy one of the mobile operators, putting the British telecom firm in an unusually strong position to negotiate a deal.

Telenor and TeliaSonera signal truce with Danish mobile merger

Combined business would be on a par with Denmark's former national telecoms operator TDC

Reuters

OSLO (Reuters) - Norwegian telecoms company Telenor and Sweden's TeliaSonera have agreed to combine their Danish mobile businesses to boost margins in their toughest market.

The plan to put their Danish operations into a 50-50 joint venture, which aims to save 800 million Danish crowns ($133 million) a year by 2019, lifted the share price of both companies and their main rival on investor hopes of an end to cut-throat price competition.

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