Google has recently confirmed that it has completed its acquisition of a significant portion of HTC’s hardware division. First made public back in September of last year, the deal is worth $1.1 billion, and basically involves Google absorbing more than 2,000 engineers from the Taiwanese phone maker (that is about 20 percent of HTC’s crew of engineers, including members of the team that developed and built the Pixel devices).
T-Mobile has recently signed an agreement to acquire Layer3 TV, and subsequently introduce a new TV service some time in 2018. Based in Colorado, Layer3 TV is a well known cable company that not only provides basic cable TV services and premium channels, but also streams online video and social media in several markets throughout America. In buying the Layer3 TV brand, T-Mobile is looking to make full use of the cable company’s video content offerings in order to better compete with legacy cable and satellite video operators.
Well, at least for now. Both T-Mobile and Sprint have released separate statements during the weekend, saying that they have mutually agreed to call off further discussions with regards to a possible merger transaction between the two major US wireless carriers. John Legere, the chief executive officer of T-Mobile has stated through an official press release that despite the many benefits of a combined entity consisting of the third and fourth largest mobile operators in the country, the proposed deal was not able to offer a superior long term value for the company’s shareholders.
According to a report recently published by the Nikkei Asian Review, it appears that SoftBank, the parent company of Sprint, is planning to cease merger talks with Deutsche Telekom, the parent company of T-Mobile, at least for now.
According to a report recently published by Bloomberg, major US wireless carriers T-Mobile and Sprint are said to be finalizing the terms of a proposed merger deal, which could be officially announced before the end of this month, when both companies will be releasing their respective quarterly earnings report.
According to a very recent report released by CNBC, the parent companies of major US wireless carriers T-Mobile and Sprint are in active talks regarding a potential merger. T-Mobile parent Deutsche Telecom is said to be engaging in discussions with Sprint parent SoftBank about the possibility of effecting a stock for stock agreement that would have the former become the majority owner of the resulting combined business entity.
At the start of last weekend, the Wall Street Journal has published a report stating that Sprint had proposed a merger deal with Charter Communications that would effectively place the combined business entity under the control of Masayoshi Son, the chairman of SoftBank (which is the parent company of Sprint). Charter, however, has said that it is still looking to take full advantage of its existing MVNO deal with Verizon Wireless, and claimed that it is not planning to acquire Sprint.
In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States. Specifically, the two cable TV giants are looking not only to forge a partnership but also make full use of separate mobile virtual network operator deals that both have struck with industry leader Verizon.
This week saw United States lawmakers grill the second biggest wireless carrier in America regarding its plans to complete its acquisition of media empire Time Warner for a sum of $85 billion. Some of the questions thrown by the US Senate antitrust subcommittee revolved around how the merger would potentially impact prices for Americans or affect fair competition among online video content service providers.
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