T-Mobile US CEO John Legere pushed back against media interpretations of recent comments made by Timotheus Hoettges, CEO of T-Mobile parent Deutsche Telekom, which many outlets interpreted as Hoettges saying T-Mobile's torrid growth trajectory is unsustainable long term from a financial perspective.
T-Mobile US was thwarted in its efforts to merge last year with Sprint, but the carrier still needs greater scale in the long term despite all of its recent growth, according to Timotheus Hoettges, CEO of T-Mobile parent Deutsche Telekom. Hoettges also said in the long term T-Mobile's blistering growth is unsustainable from a financial perspective.
According to a new Reuters report, Samsung recently approached BlackBerry to buy the company for up to $7.5 billion, a figure that represented a 60 percent premium on BlackBerry's shares. Samsung was mainly interested in BlackBerry's patent portfolio, according to the report.
Cincinnati Bell Wireless, which is in the process of shutting down its service and selling its spectrum to Verizon Wireless, is facing criticisms from customers than the transition has been anything but smooth. Cincinnati Bell will continue to provide service to its wireless customers through Feb. 28.
Telefónica Deutschland reiterated that it does not plan to sell any more former E-Plus assets as it closed a sale of yourfone to mobile virtual network operator (MVNO) customer Drillisch that was first announced in November.
In this overview of 2014, we have focused on five key trends: fixed-mobile convergence and quad-play; mergers and acquisitions; "5G;" connected cars; and the resurgence of European device manufacturers. The reasons for focusing on these five areas and the news that shaped them are probably obvious to anyone who has been following the industry closely this year.
The FCC did not conclude that the U.S. wireless industry is "effectively competitive" and in a new report declared that the market remains highly concentrated among the four Tier 1 carriers. In its 17th "Mobile Wireless Competition Report," the FCC's Wireless Telecommunications Bureau notes that consolidation is continuing.
BT has entered into exclusive negotiations with Orange and Deutsche Telekom regarding the sale of EE, ending weeks of speculation over whether the former UK incumbent would choose to buy, EE or its rival O2 UK. The purchase price of £12.5 billion (€15.7 billion/$19.6 billion) would be split equally between Orange and Deutsche Telekom.
Sprint parent SoftBank plans to clear out most of the staff of its Silicon Valley offices, according to a Reuters report, following SoftBank's aborted effort to merge Sprint with T-Mobile US.
Sprint wholesale partner nTelos Wireless is likely going to benefit financially from exiting some of its markets, but its earnings will remain under pressure, according to financial analysts. The company could benefit from selling some its towers or excess spectrum, they added, but it's unclear when that will occur.