14 result(s) displayed (1 - 14 of 14):
Therese Poletti had a nice piece on MarketWatch Tuesday that brings into sharper focus some things you pretty much knew about Apple Inc. (NASDAQ:AAPL) but which nevertheless bear thinking about. Her theme is Apple's lack of interest in acquisitions above a small size, which has always been the case but...
Posted on October 7, 2009 11:08 AM
Verizon Wireless and Qualcomm Inc. (NASDAQ:QCOM) hope to capture a share of the machine-to-machine wireless communications market through a new joint venture. The 50/50 venture will work to develop smart-service technologies for the healthcare, manufacturing, utilities, distribution and consumer products industries.M2M is a growing sector that allows businesses to manage...
Posted on July 29, 2009 8:53 AM
AT&T Inc. (NYSE:T) won an auction for certain wireless assets from Verizon Wireless for $2.35 billion in cash. Verizon was forced to sell as part of a regulatory agreement regarding its $28.1 billion acquisition of Alltel Corp. in January.AT&T will acquire wireless properties, including licenses, network assets and 1.5...
Posted on May 11, 2009 8:36 AM
Verizon Communications Inc. (NYSE:VZ) on Monday delivered a healthy first-quarter earnings report. The wireless provider reported net income of $3.2 billion, up from $3.05 billion in the same period a year ago, besting Wall Street expectations. Verizon was helped by the $28.1 billion acquisition of Alltel Corp. in January by...
Posted on April 27, 2009 12:05 PM
It's payday for Obopay Inc. The world's largest cell-phone maker, Nokia Corp. (NYSE:NOK), is making a significant investment in Obopay, a mobile service provider that basically turns a cell phone into an interactive banking card. The Nokia investment is reportedly around $70 million.One report noted Obopay had previously raised $69...
Posted on March 25, 2009 10:15 AM
One less thing to worry about.Back in October the credit crisis was so severe that there were worries about the ability of financially robust Verizon Wireless to get financing for its strategically sound $28.2 billion acquisition of Alltel Corp. But a Saturday report in the Arkansas Democrat-Gazette, citing a regulatory...
Posted on January 5, 2009 9:24 AM
Thursday's news of AT&T Inc.'s planned 12,000 job cuts, costing it $600 million, is a more of a shock than a surprise given the global financial crisis. The U.S. telecom giant cited economic pressures and a changing business mix as reasons for the 4% work force reduction. That's consistent with...
Posted on December 4, 2008 4:02 PM
Vodafone Group plc, the world's biggest cell-phone operator, added another 87 million potential users to its customer base, including 60 million in the fast-growing Russian market. The British firm created a nonequity partnership with Mobile TeleSystems OJSC to provide customers with communications services and to collaborate jointly on future...
Posted on October 30, 2008 3:25 PM
"When are you going to go vertical?" is a question that Verizon Communications Inc. CEO Ivan Seidenberg (pictured) hears frequently.Seidenberg said at the Dow Jones & Co. and Nielsen Co. Media and Money conference in New York that he receives queries about whether Verizon will make like the cable...
Posted on October 14, 2008 4:57 PM
Concerns linger about the fate of Verizon Wireless' $28.2 billion acquisition of Alltel Corp., a combination that would propel the firm past AT&T Inc. as the largest cell phone service provider in the industry. The two big--and mostly countervailing-- factors are the credit crunch and the possibility that a new...
Posted on October 13, 2008 5:03 PM
Vittorio Colao, CEO of U.K.-based global wireless giant Vodafone Group plc since late July, has announced some management changes, including bringing in outsider Michel Combes from France's TDF Group to run European operations. One the changes has to do with how Vodafone looks after its 45% stake in Verizon Wireless....
Posted on September 9, 2008 11:41 AM
Give Ivan Seidenberg and his team at Verizon Communications Inc. credit. Though Alltell Corp. was highly attractive as an addition to Verizon Wireless, they also had a well calibrated sense of what the company is actually worth to them and their shareholders. So last year, when debt-fueled private equity buyers...
Posted on June 6, 2008 11:03 AM
On Monday, $40 billion worth of telecom deals were announced as the Chinese government restructures the industry there. Sweden's TeliaSonera AB just made a $42 billion bid for France Télécom SA. In the U.S., joint venture Verizon Wireless is acquiring rural cellular provider Alltel Corp. for $28.1 billion -- including...
Posted on June 5, 2008 2:34 PM
On the possibility of Verizon Wireless buying Alltel Corp. from its private equity owners (of seven months) for $27 billion: This is further proof, if any were needed, of the advantage that strategic acquirers with strong balance sheets enjoy over financial ones in the current credit-constrained environment. A big reason...
Posted on June 5, 2008 9:48 AM
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