T-Mobile UK and Orange UK Agree to Merge Operations
Today Deutsche Telecom and France Telecom agreed to merge their respective operations in the United Kingdom to form the country's largest mobile network operator. T-Mobile UK and Orange UK will form a 50-50 joint venture and will be larger than O2 and Vodafone (nos. 1 and 2, respectively) once the merger is complete. The deal will close by the end of October and will then be subject to regulatory approval. The combined entity will have about 28.4 million subscribers, representing 37% of the UK market.
SoftBank Pulls Rug Out from Under Sprint / T-Mobile Merger
Sprint and T-Mobile may not be merging after all. SoftBank, the majority owner of Sprint, plans to break off merger talks, according to Reuters.
T-Mobile, Sprint Reach Breakthrough On Potential Merger
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them.
AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
AT&T Finalizes Iusacell Acquisition
AT&T today said it has finalized its purchase of Iusacell, Mexico's third-largest wireless network operator. Mexico's regulatory bodies approved the deal in December.
Number 4 Moving Up!
EU regulators should block merger
O2 (Telefonica): 27%
Vodafone UK: 25%
Orange (France Telecom): 22%
T-Mobile UK (Deutsche Telekom): 15%
3 (Hutchison Whampoa): 8%
EU regulators should not allow two multi national companies -- particularly one that is a close third in UK market share -- to contract currently healthy wireless competition in the UK.