Less than a week ago, AT&T had revealed that it had completed its acquisition of Time Warner, to the tune of $85.4 billion. Now, there is talk that the number two wireless service provider in the United States is looking to scoop all of Otter Media.
The second biggest wireless carrier in America has recently announced this week that it has completed its acquisition of Time Warner for a sum of $85 billion. Earlier this week, United States District Court Judge Richard J. Leon had ruled in favor of AT&T, effectively saying that the US government had not presented enough evidence to prove that the merger between AT&T and Time Warner would negatively impact customers.
Score one for wireless service providers looking to consolidate with multimedia companies (or fellow mobile operators). United States District Court Judge Richard J. Leon has ruled in favor of national carrier AT&T in the US government’s antitrust suit to stop the proposed merger deal from happening between Time Warner and AT&T.
According to the results of a study recently conducted by Rewheel, a mobile consultancy firm hailing from Finland’s capital city of Helsinki, the per gigabyte pricing of mobile markets with only three national wireless carriers appears to be a bit higher compared to markets with four major mobile service providers. Rewheel did further qualify that in both scenarios, the per gigabyte pricing is dropping -- but three carrier markets are doing so significantly slower than four carrier markets.
A few days ago, there were rumors that T-Mobile and Sprint will be formally announcing a merger agreement, after several attempts in the past to get the thing done. Well, just this weekend, the two major US wireless carriers have finally confirmed the deal, basically ending all speculation with regards to a tie up.
According to recent reports, the merger deal between T-Mobile and Sprint could be announced this weekend, with CNBC reporting that it could happen this coming Sunday. Another report from Bloomberg has indicated that the potential tie up now has set valuation terms. Last year had seen increased negotiations between the two major US wireless carriers with regards to a merger agreement, but around five months ago, the talks had collapsed.
It appears that major wireless carriers T-Mobile and Sprint are at it again -- initiating merger negotiations anew, at least according to a report recently published by the Wall Street Journal. As indicated in the report, the talks are said to be in the early stages, which means that an agreement between the two parties is not to be expected as of the moment.
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).
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