The European Commission announced this morning that it had put its stamp of approval on Liberty Global’s $23 billion purchase of Virgin Media. The European Commission found that the deal, which was announced earlier this year, didn’t raise any competitive concerns.
Arris announced this morning that the United States Department of Justice (DoJ) had signed off on its $2.235 billion deal to buy Motorola Mobility’s Home division from Google.With the DoJ stamp of approval in hand, Arris has cleared all of the regulatory hurdles and expects the transaction to close “on or about April 17.”
Level 3 announced this morning that its board of directors had promoted chief operating officer Jim Storey to CEO. Storey takes over the tiller from longtime CEO Jim Crowe, who announced last month that he was stepping down by year’s end.
When it comes to revenue and capital expenditures, NTT still ruled the telecom service provider roost worldwide last year, according a recent study. Infonetics Research’s report said the world’s top-three service providers in 2012 by revenue were, in order, NTT, AT&T and Verizon.
In order to better serve businesses, Time Warner Cable Business Class (TWCBC) has expanded its fiber-optic build out in the New York City area to the West Shore of Staten Island. TWCBC partnered with the Staten Island Economic Development Corp. (SIEDC) to bring faster data speeds into the West Shore area.
Deutsche Telekom (DT) could potentially halt the final tally of the shareholder vote to approve the T-Mobile-MetroPCS merger if things don’t appear to be swinging in its favor. A Bloomberg report is citing people familiar with the matter as saying the delay could provide DT a chance to sweeten its bid.
Cox Communications and Verizon Wireless have launched their combined offering of cable, phone, Internet and wireless services in metro Phoenix, Southern Arizona and Las Vegas. The bundling deal, which was first announced in December of 2011, allows subscribers to pick their service preferences from a range of offers that include video, Internet, home phone and 4G LTE wireless services.
Shaw Communications and Alcatel-Lucent have laid claim on the first successful field trial in North America for 400 Gbps data transmissions over a live network. Using Alcatel-Lucent's 1830 PSS with the 400G Photonic Service Engine (PSE), the trial ran over a 400 kilometer route between Calgary and Edmonton in Alberta, Canada.
The company is deploying equipment from Edgewater to deliver its business VoIP and data services. Megapath provides managed data, voice, security and hosted IT services in North America, using T1 and Ethernet connections. It is now installing its T1 and Ethernet circuits using Edgewater’s EdgeMarc 4552 Series ESBC as a WAN access router.
In a letter to investors, MetroPCS today reiterated its call for shareholders to approve the proposed combination with T-Mobile USA. The letter comes after Institutional Shareholder Services Inc. (ISS), a proxy adviser firm, last week advised MetroPCS shareholders to vote against the proposed merger, citing the negative market response to the merge
Apple is seeking a patent for an iPhone that has a display that wraps around the edges of the device, expanding the viewable area and eliminating all physical buttons. The patent application reveals that Apple has put some thought into a device that takes advantage of a new generation of displays, which don't have to be flat and rigid like today's liquid-crystal displays, or LCDs.
Investors bet Thursday that T-Mobile USA will have to sweeten its proposal to merge with smaller cellphone carrier MetroPCS Communications Inc. after an influential shareholder advisory firm came out against the deal. Shares of Dallas-based MetroPCS, the fifth-largest U.S. cellphone company, rose 42 cents, or 4 percent, to $10.95 in midday trading.
Cisco Systems Inc. is increasing its dividend 21 percent, its second boost in less than a year. The San Jose, California-based technology giant will pay a 17-cent quarterly dividend on April 24 to shareholders of record April 8. That's up 3 cents from the last quarter.
The optical transport network (OTN) equipment market is well on its way to topping the $13 billion mark by 2017, according to a recent study by Infonetics Research. Last year the OTN transport and switching equipment market grew 8 percent to $7.3 billion with the bulk of that growth coming from the OTN switching segment, which was up 46 percent in 2012 from 2011.
Clearwire has opted to draw $80 million in funding for April from Sprint, as part of the carrier’s proposed offer to buy the WiMax provider for $2.97 per share. Clearwire accepted the draw for March despite Dish’s insistence it would withdraw its offer to buy the remaining half of Clearwire for $3.30 per share.