Qualcomm said it will sell its Vuforia augmented reality business to software firm PTC for $65 million. The terms of the transaction were confirmed by a Qualcomm spokesperson, and Qualcomm said it expects the deal to close by the end of 2015.
Nokia unveiled a new leadership team and organisational structure for the company that will result from its planned merger with Alcatel-Lucent that is expected to be completed in the first half of 2016. Of the 13-person leadership team, 10 members will come from Nokia.
Sprint CEO Marcelo Claure said the carrier could be stronger if merged with a cable company, but added the company is not engaged in any merger discussions.
Sprint and T-Mobile US tried and failed last year to convince U.S. regulators to allow them to merge, and most financial analysts think any merger talk needs to be put off until 2017 at the earliest under a new administration. However, analysts at Evercore ISI think that the carriers could strike a merger of sorts by combining their respective network resources into a new company.
T-Mobile US is once again the subject of M&A speculation following French telecom conglomerate Altice's $17.7 billion deal to buy Cablevision, with financial analysts suggesting T-Mobile could be in play for a cable operator.
CommScope, which focuses on designing, building and managing wireless networks, is adding small cells to its portfolio of products and solutions by buying privately-held small cell specialist Airvana. CommScope aims to use the deal to help it in Cloud-RAN (C-RAN) deployments. Terms of the acquisition were not disclosed.
Thanks to a handy chart was created by Stacey Horne for FierceCable, we have a depiction of the major acquisitions and mergers consummated by today's top five cable operators during the past 10 years. Special report
FairPoint and Lumos are in the process of transforming themselves from small-town telcos to become larger fiber-based broadband providers for consumers and business customers. Similar to their larger ILEC counterparts CenturyLink and Windstream, FairPoint and Lumos also trace their company roots as rural telcos and realize mergers and acquisitions are needed to grow.
Facing increased competition in Mexico from new competitor AT&T and a potential recession in Brazil, America Movil is considering possible wireline acquisitions in Europe to grow the company's revenues.
Sprint wholesale partner Shenandoah Telecommunications, better known as Shentel, is buying fellow Sprint wholesale partner nTelos Wireless in a deal valued at around $640 million, including net debt. There had been speculation since May that such a deal would come to pass, and nTelos had been reviewing strategic alternatives.