Vodafone and SFR have unveiled plans to renew their strategic global alliance for another four years, indicating they plan to collaborate on M2M service development as well 3G and 4G roaming.
Vodafone (Newbury, UK) sold its 44% stake in SFR (Paris, France) – France’s second-biggest mobile operator, behind Orange (Paris, France) – to media conglomerate Vivendi (Paris, France) in 2011, but the two operators have been cooperating on international projects since as far back as 2002.
Brazil’s telecoms operators have reportedly announced plans to invest an additional BRL13 billion ($6 billion) in developing M2M technology over the next four years following moves by Brazilian authorities to cut the taxes they must pay on M2M SIMs.
Recent moves to reduce the charges operators have to pay on active M2M SIMs appear to have spurred operators to pour additional funding into their M2M activities, according to a report from Business News Americas.
Satellite operator Iridium says growing interest in M2M services boosted sales and profits during the first three months of the year.
The company’s revenues rose by 10%, to $98 million, compared with the first quarter of 2013, while net income increased from $14.9 million to $16.5 million over the period.
Iridium (McLean, VA, USA) also ended the quarter with 674,000 billable subscribers, compared with 621,000 in March 2013, and said the strength of its M2M offerings was partly responsible for the increase.
Middle Eastern telecoms giant Etisalat has reportedly agreed to sell six of its businesses in West Africa to Maroc Telecom in what amounts to a restructuring of its operations in advance of a Maroc Telecom takeover.
In November, the operator agreed to pay $5.8 billion for a 53% stake in Maroc Telecom (Rabat, Morocoo) being sold by France’s Vivendi (Paris).
T-Mobile US Inc said it added a record number of customers in the first quarter, blowing past its competitors as the company's aggressive discounts lured in subscribers.
T-Mobile (Bellevue, WA, USA) shares jumped 7.3 percent as the company that has billed itself as the "uncarrier" signed up 2.4 million new customers in the first quarter, topping estimates of 932,000. That was more than its top three rivals combined, a first for the No. 4 mobile carrier in the United States based on total subscribers.
Telefonica Deutschland has sweetened its offer of concessions in order to win European Union approval for its planned takeover of KPN's E-Plus unit in Germany, a spokesman for the telecoms firm said.
Telefonica Deutschland (Munich, Germany), a unit of Spanish telecoms operator Telefonica (Madrid), last month offered to lease spectrum above 2 gigahertz and access to its network to rivals after the European Commission expressed concerns about the 8.6 billion euro ($11.9 billion) deal.
Numerex has agreed a $37.5 million takeover of fleet-management specialist Omnilink Systems aimed at expanding its product portfolio and boosting its recurring service revenues.
Numerex (Atlanta, GA, USA) said it would fund the transaction through a mixture of cash on hand and a $25 million term loan and expects the deal to close within 30 days.
iGen Networks has agreed a takeover of asset-tracking player Nimbo it says is aimed at extending its leadership position in M2M markets.
The cloud-computing company plans to issue 2.5 million shares of its common stock to secure full ownership of Nimbo (Murrieta, CA, USA), and is aiming to close the deal by the end of this month.
Nimbo offers what it calls consumer-safety solutions for the automotive and power sport industries and claims to have more than 10,000 asset activations to date.
VimpelCom has agreed the $2.64 billion sale of a 51% stake in its Algerian phone business to the country’s government, bringing to an end a protracted dispute between the two parties.
The deal to sell a majority stake in Djezzy (Algiers, Algeria) to the Algerian government will also allow VimpelCom (Moscow, Russia) to slash debt while retaining a substantial stake in the emerging-markets player.
Square Inc has been in talks with several rivals for a possible sale as the mobile payments startup looks to stem widening losses and dwindling cash, the Wall Street Journal reported, citing people familiar with the matter.
The company spoke to Google Inc (Mountain View, CA, USA) earlier this year about a possible sale, the Journal reported, adding that it wasn't clear whether the talks are continuing.