Qualcomm said it agreed to buy British Bluetooth chipset specialist CSR for £1.56 billion ($2.49 billion), giving it a leg up in the connect car and Internet of Things markets, which are set to grow substantially.
Now that French Internet and mobile company Iliad has dropped its pursuit of T-Mobile US, it seems likely that T-Mobile will continue as an independent entity and a unit of Deutsche Telekom for the foreseeable future. Financial analysts seem to think that's great news for T-Mobile, which has had strong momentum in the market.
T-Mobile US parent Deutsche Telekom is unlikely to accept a revised $35 per share offer from French Internet and mobile firm Iliad if Iliad were to make such an offer, according to a new report from a financial analyst.
Facebook has officially closed its acquisition of mobile messaging company WhatsApp, according to a filin g the social networking giant made with the Securities and Exchange Commission (the deal was approved on Friday by the European Commissio n).
T-Mobile US CEO John Legere dismissed all of the rumors surrounding the carrier's potential M&A activity as "craziness" and said T-Mobile would continue to try to grow organically.
French mobile and Internet company Iliad intends to bid for a larger stake in T-Mobile US, as Iliad nears a self-imposed deadline to improve an offer for the carrier, according to a Bloomberg report.
Huawei acquired Internet of Things radio module specialist Neul, which is based in Cambridge, UK. Huawei is the latest large vendor to snap up a smaller, IoT-focused firm.
French mobile and Internet firm Iliad has set a deadline of mid-October to either make an improved offer to take control of T-Mobile US or abandon its pursuit, according to a Reuters report.
T-Mobile US would strike an M&A deal with another company only if they had U.S. spectrum, a U.S. customer base and offered "favorable financial terms," according to financial analysts.
LAS VEGAS--Sprint MVNO FreedomPop has been in formal M&A discussions with a publicly traded telecommunications company that is not a Tier 1 U.S. carrier, according to FreedomPop CEO Stephen Stokols. That offer is in addition to ongoing discussions on a deal with a major U.S. carrier, he confirmed.