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.
Network equipment maker Ciena Corp said it expects strong growth in cloud computing and higher use of smartphones, and forecast stronger-than-expected revenue for the current quarter.
Ciena (Hanover, MD, USA) shares jumped as much as 15.5 percent on the Nasdaq on Thursday morning. Shares of rival Finisar Corp (Sunnyvale, CA, USA) were up 5 percent while those of Juniper Networks Inc (Sunnyvale, CA, USA) were up about 1 percent.
The battle for ownership of Clearwire between Dish Network and Sprint has intensified after the satellite TV company hit back at accusations that its offer runs afoul of Delaware law and Clearwire’s equityholders’ agreement.
Last December, Sprint (Overland Park, KS, USA), Clearwire’s majority owner, made an offer of $2.97 a share for the remaining shares in the operator, to which Clearwire’s managers gave their assent.
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).
Chipset and device leaders are lagging on development of the white space opportunity, even though it could provide a major spur to the M2M market.
The finding comes from new research published by Strategy Analytics, which urges Google (Mountain View, CA, USA) and Microsoft (Seattle, WA, USA) to recruit device and chipset giants to support their white space efforts.
White space spectrum comprises frequencies that are being freed up with the transition from old analog TV broadcasting to new digital systems.
Satellite company and M2M specialist Orbcomm is to expand its business in Africa after winning an important deal with South Africa’s Cartrack, which provides fleet-management and vehicle-tracking services across the continent.
Under the deal, Cartrack (Johannesburg, South Africa) is set to become Orbcomm’s first value-added reseller in the African transportation sector, distributing Orbcomm’s fleet-management solution through its growing brand and dealer network.
Energy company Alstom Grid is to work with chipmaker Intel on the development of technologies for smart grids and smart cities.
The two companies aim to focus on embedded intelligence and IT systems security in order to speed up the deployment of smart-grid infrastructure.
The deal is described as the fruit of three years of project collaboration.
Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, people familiar with the matter said.
As a part of that agreement, the U.S. government will have a veto over new equipment purchases by Sprint in certain circumstances if the two companies merge, one source said.
Crest Financial, an investor in Clearwire Corp, said on Tuesday that the voting threshold for approval of Sprint Nextel Corp's purchase of Clearwire should exclude strategic investors such as Comcast Corp and Intel.
Sprint (Overland Park, KS, USA), Clearwire's majority owner, needs approval from more than 50 percent of Clearwire's minority shareholders in order to go ahead with its proposed $3.40-per-share purchase of the rest of Clearwire (Bellevue, WA, USA).
Cisco Systems Inc, the world's leading network equipment maker, will try to convince Europe's second highest court on Wednesday that it should overturn the EU's approval of Microsoft's purchase of Skype.
If Cisco (San Jose, CA, USA) wins the challenge at the Luxembourg-based general court, the European Commission would have to annul its decision, which allowed Microsoft (Seattle, WA, USA) to buy the Internet video and voice company without having to make any concessions.