T-Mobile To Buy iWireless
T-Mobile today announced that it will become the sole owner of iWireless (Iowa Wireless), expanding T-Mobile's reach in the Iowa area. iWireless is a leading regional wireless provider serving Iowa, western Illinois, and eastern Nebraska with 103 full service company stores and authorized dealers that serve approximately 75,000 customers. All of iWireless will be re-branded as T-Mobile. iWireless has been a T-Mobile affiliate and a jointly owned by T-Mobile and Aureon. T-Mobile is buying out the 50% owned by Aureon. The deal is subject to customary closing conditions including regulatory approval and is expected to close in the fourth quarter of 2017 or early 2018.
Virgin Mobile USA Relaunches As An iPhone-Only Carrier
Virgin Mobile USA, which is owned and operated by Sprint, transformed itself today into new provider much more closely aligned with the Virgin brand. Significantly, Virgin Mobile USA is now an iPhone-only carrier, meaning Apple's iPhones are the only phones Virgin will sell moving forward.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
Novatel to Sell MiFi Business and Focus on IoT
Novatel Wireless today announced plans to divest its mobile broadband business. The company has agreed to sell its MiFi branded hotspots and USB modem product lines to Hong Kong-based TCL Industries Holdings for $50 million in cash.
Western Digital Agrees to Buy SanDisk for $19 Billion
Western Digital and SanDisk today announced plans to merge businesses. Western Digital primarily makes hard disk drives for computers and servers, while SanDisk primarily makes memory cards for phones, tablets, laptops, and cameras.