Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.
SoftBank (Tokyo, Japan) Chief Executive Masayoshi Son is now a step closer to sealing the largest overseas acquisition by a Japanese company in history, after winning support from a key shareholder by raising SoftBank's offer to $21.6 billion from $20.1 billion last week.
Satellite operator O3b Networks has signed a backhaul deal that will allow Malaysia’s Maju Nusa to provide 3G services in rural and remote parts of the country.
The companies did not disclose details of the financial terms but describe the tie-up as a “multi-million-dollar, multi-year deal”.
That deal comes just days before O3b (St Helier, Jersey) is set to launch its next-generation satellite constellation and will provide “fiber-equivalent capacity” to Maju Nusa (Petaling Jaya, Malaysia), according to O3b’s statement.
New Zealand operator Chorus has lashed out at regulatory moves to slash wholesale prices for access to its copper broadband services, arguing it will put the “once in a generation” transition to fiber at risk.
Meeting with New Zealand’s Commerce Commission, as well as representatives of the country’s retail operators, Mark Ratcliffe the chief executive of Chorus (Wellington, New Zealand), said the regulatory proposals had led to a “dramatic flight of international capital out of Chorus and New Zealand”.
Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp.
SoftBank's amended offer, Japan's biggest outbound deal, won the backing of hedge fund Paulson & Co, Sprint's second-biggest shareholder, which had earlier supported the Dish bid. Paulson said it would vote all its shares in favor of SoftBank's improved offer.
OEM supplier First International Computer (FIC) is teaming up with M2M specialist Cluster Wireless on the development of M2M products and services for the enterprise market.
The two companies have announced a “multi-year technology collaboration and partnership” they say will accelerate the development of “intelligent, flexible, [and] cost-efficient” M2M services aimed at enterprise customers.
FIC (Taipei, Taiwan) says the partnership will give it more flexibility during the design, manufacture and deployment of its custom hardware products.
SoftBank has reportedly begun discussions with Deutsche Telekom about a takeover of T-Mobile US should it fail in its attempts to buy rival network operator Sprint.
The Japanese operator is pursuing a deal to buy a 70% stake in Sprint (Overland Park, KS, USA) for $20.1 billion, but faces competition from satellite TV provider Dish Network (Meridian, CO, USA), which has offered $25.5 billion for Sprint.
India’s Ambani brothers have signed a $2 billion deal to share network infrastructure, aimed at speeding up the rollout of 4G services.
Under the arrangement, Reliance Jio Infocomm (Mumbai, India) – owned by Mukesh Ambani – will lease up to 45,000 sites owned by Reliance Communications (Mumbai, India), the mobile operator controlled by Anil Ambani.
In a joint statement on the tie-up, the two operators said it would allow them to derive major benefits from the sharing of capital and operating costs.
Indian software giant Wipro has made a $5 million investment in Axeda in exchange for a minority stake in the M2M platform provider, the size of which has not been disclosed.
The Indian firm says it wants to capitalize on the rapid growth in the M2M market and plans to develop new enterprise applications in partnership with Axeda (Foxboro, MA, USA).
Malaysian telecoms operator DiGi has become a high-profile customer of Ericsson’s M2M platform as it looks to fortify its M2M offerings.
Ericsson is likely to have been an obvious choice for the subsidiary of Norway’s Telenor (Fornebu, Norway), whose Telenor Connexion M2M division already has a relationship with the Swedish vendor.
Ericsson (Stockholm, Sweden) says the platform will allow DiGi (Shah Alam, Malaysia) to reduce time-to-market for M2M applications, boosting revenue and reducing operational costs.
Britain's Vodafone and China Mobile said on Friday they had pulled out of the battle to win a new license in Myanmar, saying the conditions set by the country did not suit the two operators.
The Chinese and British groups, the first and second-largest operators in the world respectively, said in April that they had joined forces to bid for a license in the country formerly known as Burma, where the government wants to increase the number of mobile operators from two to four.
They were among 12 applicants to reach the short list.