Vodafone and Telefonica Agree to Share Networks
Two of Europe's largest wireless network operators, Vodafone and Telefonica, have agreed to share their wireless networks in a handful of countries. The two companies believe by sharing network assets, they can reduce operating costs, reduce the environmental impact (fewer new towers), while still maintaining high levels of service for customers in those regions. The agreement also provides for the two companies to invest in new towers together when appropriate. The program includes sharing both 2G and 3G assets, and is set to last for the next 10 years.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
AT&T Partners with Telefonica for Digital Life Initiative
AT&T today announced that it has teamed up with Telefonica to expand the reach of its Digital Life platform. Digital Life is the home automation program AT&T has been pitching for several years.
U.S. Cellular to Sell 595 Cell Towers for $159 Million
U.S. Cellular today said it has agreed to sell 595 of its cell towers to Vertical Bridge Holdings for $159 million.
Verizon to Sell Landline Biz to Frontier for $10 Billion
Verizon Communications today confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon's consumer and business assets in California, Florida, and Texas.