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.
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.
European Union to Ban Roaming Charges
The European Commission today agreed to make cellphone roaming charges illegal beginning in 2017. The change in law means European wireless network operators will not be allowed to charge roaming fees for customers who travel across the 28-country continent.