Leap and Pocket Complete JV Launch
Leap Wireless and Pocket Communications today announced that they have closed the formation of a previously announced joint venture in order to expand its coverage in southern Texas. Both companies provide pre-paid wireless services. The joint venture takes control of both Leap's and Pocket's wireless assets and operations in the south Texas region, from San Antonio to Laredo and in the Rio Grande Valley, covering more than 4.4 million points of presence (POPs). Leap will control 76% of the joint venture, and Pocket will control 24%. The companies believe the joint venture will lead to operational cost savings about 12 months after the joint venture launches. Leap has about 5.3 million customers of its Cricket branded services, and Pocket Communications has about 340,000.
Hands On with the BlackBerry Leap
BlackBerry’s strategy under its new CEO John Chen has been to dramatically cut down the number of phones the company pumps out. So a new all-touch phone like the Z10 is a big deal.
Sprint Expands Retail Deal with Dixons Carphone to 500 Stores
Sprint today announced a joint venture between it and Dixons Carphone to open 500 Sprint stores around the U.S. The joint venture follows a pilot program the two companies launched last year that saw them test Dixons' best practices in some 20 Sprint stores.
Qualcomm and TDK Partner Up On RF Joint Venture
Qualcomm and TDK today said they've agreed to form a joint venture that will see the companies create RF front-end modules for a wide range of devices. The two companies have created a venture called RF360 Holdings, which will be the legal parent of the new firm.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.