T-Mobile USA (Bellevue, USA) is selling the rights to operate 7,200 of its wireless broadcast towers for $2.4 billion to Crown Castle International Corp (Houston, USA) to help fund a network upgrade and reduce debt at its parent Deutsche Telekom (Bonn, Germany).
Crown Castle has the option to pay another $2.4 billion to buy the towers outright from T-Mobile USA at the end of the lease term for each tower - between 2025 and 2048 - under the deal announced on Friday.
Softbank (Tokyo, Japan) is to acquire aAccess (Tokyo, Japan), a smaller competitor, in a deal valued at $1.84 billion and designed to help it close the gap with its chief rivals, according to Reuters.
Under a share swap due to be completed in February, Japan’s third-biggest operator will pay 52,000 yen per eAccess share, a substantial premium given eAccess’s share price of 15,070 yen at the end of last week.
Answering analyst questions on the deal, Softbank said the launch of the iPhone 5 had provided the impetus for the takeover.
Equipment maker Alvarion (Tel Aviv, Israel) has warned investors that its third-quarter revenues are likely to come in at $27 million, significantly below the range of $31–39 million it was previously expecting.
As a result, the vendor is likely to report a net loss per share of approximately $0.15. It had previously forecast that net income would range between a loss of $0.06 and a profit of $0.02.
Embattled US operator LightSquared (Reston, USA) has asked the Federal Communications Commission (FCC), the US telecoms regulator, for permission to continue using frequencies that do not interfere with GPS systems while authorities address their concerns about its other spectrum holdings, according to Dow Jones Newswires.
Equipment maker Nokia Siemens Networks (Helsinki, Finland) has strengthened its LTE offer by making its base stations compatible with frequencies used in the Asia-Pacific region and Latin America.
The frequencies fall in the 700MHz band and are being freed up for LTE as terrestrial television broadcasting moves from analogue to digital technology.
Japan, Australia and New Zealand are all reported to be interested in using the spectrum for LTE, while in parts of Latin America the frequencies are already being used to provide so-called 4G services.
Vodafone Group (Newbury, UK) said it would cost about 500 million pounds ($807 million) to fix Cable & Wireless Worldwide (CWW) (London, UK) over the next four years but the payback by 2016 from the acquisition would be bigger than some analysts expected.
Research In Motion Ltd (Waterloo, Canada) shares jumped on Friday after the embattled BlackBerry maker posted quarterly results that showed it was still able to pull off a surprise as it tackles the formidable task of getting consumers excited over its new smartphone line.
While RIM's performance gave Wall Street a modicum of optimism, analysts stressed RIM has to now prove that the BlackBerry 10 devices, due early next year, can halt its brand's downward spiral. That won't be easy, they said.
Middle East telecommunications firms are discussing the idea of creating a pan-Arab online platform that would earn them more revenue from their networks by challenging Facebook (Menlo Park, USA) and other Internet behemoths of the West.
The ambitious project faces technical and financial obstacles and may never be implemented on a large scale.
Reliance Industries (Mumbai, India) is likely to participate in the forthcoming auction of frequencies that were previously awarded in 2008 but seized by authorities earlier this year, according to a story in India’s Economic Times newspaper.
The company already owns spectrum through its Infotel Broadband subsidiary, but it is not allowed to provide voice services over those frequencies.
A board member of the Australian arm of China's Huawei Technologies Co Ltd (Shenzhen, China), which was banned from tendering for work on Australia's $38 billion broadband network, says it should consider a local float to ease security concerns, the Australian Financial Review reported on Wednesday.
The paper quoted board member John Brumby, a former premier of Victoria state, as saying he was urging Huawei to consider building an Australian research and technology centre and an eventual local stock exchange listing.