MTS concludes strategic review process with agreement to sell Allstream to Accelero Capital in transaction valued at $520 million
Manitoba Telecom Services Inc. (TSX:MBT) (the "Company", including its two operating subsidiaries "MTS" and "Allstream") today announced the conclusion of the wide-ranging strategic review to consider a full range of alternatives to enhance Allstream's growing competitiveness and improve the long-term position of the Company's stakeholders.
Following a comprehensive auction process and a review of other strategic alternatives, the Company today announced that it has signed a binding agreement to sell its Allstream business to Accelero Capital Holdings S.ὰ r.l. Group ("Accelero"), an investment and management group focused on telecommunication, digital media and technology in a transaction that values Allstream at $520 million, subject to certain customary adjustments, including assumed debt obligations and normalized working capital, as well as certain pension related obligations as described below.
PTGi Sells BLACKIRON Data for CAD$200 Million to Canada's Rogers Communications
Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI), a global facilities-based integrated provider of advanced telecommunications products and services, announced that it has sold BLACKIRON Data ULC (BLACKIRON Data), PTGI's pure data center operations in Canada, to Rogers Communications Inc. (Rogers) for approximately CAD$200 million. The transaction signed and closed on April 17, 2013.
BLACKIRON Data serves approximately 4,000 customers, reported 2012 revenues of US$34 million and owns and operates a total of eight data centers in five major cities in Canada: two data centers in Ottawa, Ontario, three data centers in the Toronto, Ontario area, one data center in London, Ontario, one data center in Edmonton, Alberta, and one data center in Vancouver, British Columbia, through which colocation, cloud computing, managed services, storage, backup, and other value added services are offered.
DISH Network Proposes Merger with Sprint Nextel Corporation for $25.5 Billion
U.S. technology leader with track record of disrupting entrenched incumbents presents superior alternative to pending SoftBank proposal – DISH offers more cash and a greater ownership stake Sprint shareholders would receive $7.00 per share, consisting of $4.76 in cash and stock representing approximately 32% in a company with a significantly enhanced strategic position Creates an industry-leading spectrum portfolio and the only company that can offer customers a fully-integrated, nationwide bundle of in- and out-of-home video, broadband and voice services Delivers substantial synergies and growth opportunities estimated at $37 billion in net present value, including an estimated $11 billion in cost savings
NII Holdings Announces Sale of Nextel Peru
-- NII agrees to sell Nextel Peru to Entel for $400 million -- Transaction is consistent with NII's strategy to focus on its largest markets, Mexico and Brazil -- Additional capital further improves NII's liquidity position as it focuses its investments on the expansion of its new next generation platform in its largest markets
NII Holdings, Inc. (NIHD) today announced that it has agreed to sell its Peruvian operations to Empresa Nacional de Telecomunicaciones S.A. (Bolsa de Comercio de Santiago: ENTEL) for approximately $400 million.
Otelco Announces Restructuring Transaction
Otelco Inc. (NASDAQ: OTT; TSX: OTT.un), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced a restructuring transaction, which will strengthen the Company by deleveraging its balance sheet and reducing its overall indebtedness by approximately $135 million. Otelco has reached an agreement with its senior lenders to amend and extend the terms of its current senior financing through April 2016. In addition, our IDS units will be cancelled and the existing senior subordinated debt will be converted into equity. The vast bulk of our subordinated debt is held in the IDS units, and, as such, our IDS unit holders will continue to be significant shareholders of the Company as they are today.
Atlantic Tele-Network Announces Sale of U.S. Retail Wireless Business to AT&T
Atlantic Tele-Network, Inc. (ATNI), a telecommunications service provider to rural, niche and other under-served markets, today announced it has agreed to sell its domestic retail wireless business operated under the Alltel name by ATN’s subsidiary Allied Wireless Communications Corporation (“Allied”). AT&T will purchase the operations in an all-cash transaction valued at approximately $780 million.
Allied, based in Little Rock, Arkansas, serves approximately 585,000 customers in rural areas of six states – Georgia, North Carolina, South Carolina, Illinois, Ohio and Idaho, and generated revenues for the first nine months of 2012 of approximately $350 million. In ATN’s public filings, these operations are consolidated within its U.S. Wireless segment. These operations generated operating income estimated to be approximately $34 million, which is net of depreciation and amortization expense of approximately $42 million, for the first nine months of 2012.
U.S. Immigration and Customs Enforcement to Launch BlackBerry 10 Pilot Program
Research In Motion (RIM) (RIMM)(RIM.TO) announced today that it will begin a pilot program with U.S. Immigration and Customs Enforcement (ICE) for the new BlackBerry® Enterprise Service 10 mobile enterprise management solution and BlackBerry® 10 smartphones in early 2013. ICE will be among the first government organizations to pilot the new BlackBerry 10 solution.
"ICE has been a valued BlackBerry customer for years, and our commitment to government agencies has influenced the development of the BlackBerry 10 platform." said Scott Totzke, Senior Vice President, BlackBerry Security, Research In Motion. "Along with providing workers with secure access to behind-the-firewall confidential information, BlackBerry 10 can help organizations fully leverage the potential of mobile technology to offer new services, improve service delivery and increase organizational productivity. We look forward to sharing more features of the BlackBerry 10 platform at our global launch event on January 30."
magicJack's GAAP Third Quarter 2012 Quarterly Revenue and Income Highest Ever Even After Large Special Charges
Without Special Charges, Non-GAAP Operating Income Was Approximately $0.75 Per Share; GAAP EPS Were $0.78 Per Share
magicJack VocalTec, Ltd. (CALL) (the "Company"), the Voice Experts and cloud communications leader that invented voice over IP (VoIP) and sold over 10 million magicJacks(R), today announced record breaking GAAP financial results for the quarter ended September 30, 2012. Q3, 2012 revenue was $40.8 million and net income was $15.1 million. GAAP earnings per share (EPS) were $0.78 including various special charges. Excluding such charges, non-GAAP operating income per share was approximately $0.75 per share. There were 19.3 million shares outstanding as of September 30, 2012, 3.1 million shares less than the number of shares outstanding as of September 30, 2011.
MTS Receives 2011 Communications Solutions Product of the Year Award TEM Suite Recognized for Exceptional Innovation
MTS - Mer Telemanagement Solutions Ltd. (Nasdaq Capital Market: MTSL), a global provider of business support systems (BSS) for comprehensive telecommunication management, telecommunications expense management (TEM) solutions and customer care & billing (CC&B) solutions, announced today that TMC, a global, integrated media company, has named TEM Suite as a recipient of a 2011 Communications Solutions Product of the Year Award.
InterDigital Signs Wistron to Worldwide Patent License Agreement Which Includes 4G
InterDigital, Inc. (IDCC) today announced that its patent holding subsidiaries have entered into a worldwide, non-exclusive, royalty-bearing patent license agreement with Wistron Corporation. The agreement covers various products, including handsets, wireless modules, computers, tablets and other consumer electronic devices, designed to operate in accordance with 2G, 3G, and 4G wireless standards, including LTE and LTE-Advanced. Based in Taiwan with a global presence, Wistron is a leading original design manufacturer in the laptop market. "We are pleased to have entered into this patent license agreement with Wistron," said Lawrence F. Shay, President of InterDigital's patent holding subsidiaries.
Ingram Micro to Become Leading Provider of Mobility Products, Services and Solutions With Acquisition of Brightpoint
Provides Immediate Scale in Rapidly-Growing Mobility Market Expands Ingram Micro's Suite of High-Value Logistics Services and Solutions More than $55 million in Expected Annual Cost Synergies and Efficiencies by 2014 All Cash Acquisition Expected to Expand Margins and be Meaningfully Accretive to Earnings per Share Ingram Micro Inc. (NYSE:IM), the world's largest technology distributor and supply-chain services provider, and Brightpoint, Inc. ("BrightPoint") (Nasdaq:CELL), a global leader in providing device lifecycle services to the wireless industry, announced today they have entered into a definitive agreement under which, subject to customary closing conditions, Ingram Micro will acquire all of the outstanding shares of BrightPoint common stock for $9.00 per share in cash, a 66 percent premium to BrightPoint's closing stock price on June 29, 2012, and a 35 percent premium to the 90-day average trading price.
TELUS comments on Industry Canada's spectrum auction and foreign ownership decisions
TELUS believes this is a thoughtful and balanced decision that meets the Government's objectives of promoting consumer choice, supporting sustainable competition through investment in technology and further expanding broadband services in rural markets. "Radio spectrum is the building block of wireless broadband - essential to expanding access to education programmes, economic development opportunities, healthcare information and bridging the digital divide for rural communities," said Darren Entwistle, TELUS president and CEO. "The rules established by Minister Paradis will allow all competitors to have fair and reasonable access to the critical 700 MHz spectrum in the upcoming auction. Ultimately, the wireless services built upon this spectrum will provide businesses, educators, students, health professionals and families with the tools they need to build strong, healthy and sustainable communities."
Alaska Communications Systems Reports Fourth Quarter 2011 Results
- Positive Net Income and $125.5 million EBITDA for the year - - Wireless Net Adds positive for the third consecutive quarter - - Enterprise Revenue increased over 8% Compared to Prior Year - - 4G LTE network is in testing phase, with launch scheduled in the first half of 2012 - - Execution on long term plan to drive growth and free cash flow -
Alaska Communications Systems Group, Inc. (“ACS”) (NASDAQ: ALSK - News) today reported financial results for its fourth quarter ended December 31, 2011.
China GrenTech Enters Into Definitive Agreement With Talenthome Management Limited and Xing Sheng Corporation Limited for "Going Private" Transaction
China GrenTech Corporation Limited (NASDAQ: GRRF, "GrenTech," or the "Company"), a leading China-based provider of radio frequency and wireless coverage products and services, today announced that it has entered into an agreement and plan of merger (the "Merger Agreement") with Talenthome Management Limited ("Parent"), a British Virgin Islands exempted company, and Xing Sheng Corporation Limited ("Merger Sub"), a Cayman Islands exempted company wholly-owned by Parent. Parent is jointly owned indirectly by Mr. Yingjie Gao, the Company's Chairman and Chief Executive Officer, Ms. Rong Yu, the Company's Director and Chief Financial Officer, and Ms. Yin Huang (together, the "Buyer Group").
RuggedCom Responds to Belden Announcement
RuggedCom Inc. ("RuggedCom") (TSX:RCM), a leading provider of rugged communications networking solutions designed for mission-critical applications in harsh environments, acknowledges that Belden Inc. ("Belden") has announced its intention to make an unsolicited all-cash offer for RuggedCom. RuggedCom cautions its shareholders that Belden has not made a formal offer and no action is required by RuggedCom shareholders at this time. RuggedCom recommends that shareholders take no action until shareholders have received further communications from RuggedCom's Board of Directors.
Sprint and Clearwire Announce New Agreements
Offers Clearwire Up to $1.6 Billion in Conditional Aggregate Revenues and Funding Clearwire to Receive Total of $926 Million From Sprint for Unlimited 4G WiMAX Services in 2012 and 2013; WiMAX Network to Operate Through at Least 2015 Sprint to Provide Support for Future LTE Services Companies Agree on Parameters for Additional Sprint Equity Investment Clearwire to Pay $237 Million Total Interest for First-Priority, Second-Priority and Exchangeable Notes as Scheduled Sprint Nextel (NYSE:S) and Clearwire (Nasdaq:CLWR - News) today announced agreements potentially worth up to $1.6 billion over the next four years in payments for WiMAX services, possible pre-payments for LTE services and potential equity investments. The agreements further align Clearwire's LTE network build as a complement to Sprint's Network Vision strategy.
RIM Announces BlackBerry Mobile Fusion-The Next Generation Enterprise Mobility Solution for BlackBerry, Android and iOS Smartphones and Tablets
Research In Motion (RIM) (NASDAQ:RIMM - News)(TSX:RIM.TO - News) today introduced BlackBerry(R) Mobile Fusion - the Company's next-generation enterprise mobility solution and RIM's entry into the multi-platform Mobile Device Management (MDM) marketplace. Building on years of leading enterprise mobility management solutions from RIM, BlackBerry Mobile Fusion will simplify the management of smartphones and tablets running BlackBerry(R), Google(R) Android(R) and Apple(R) iOS(R) operating systems.
Sky-mobi Limited Forms Strategic Cooperation With SINA Corporation for Weibo on Mobile Handsets
Sky-mobi Limited (Nasdaq:MOBI - News) ("Sky-mobi" or the "Company"), a leading mobile application store and mobile social network community operator in China, today announced that it has entered into a strategic agreement with SINA Corporation (Nasdaq:SINA - News), a leading online media company and mobile value-added service ("MVAS") provider for China and the global Chinese communities. Under the terms of the agreement, SINA's microblog Weibo.com will be made available as a downloadable application via the Maopao application store and via technical plug-ins to Sky-Mobi's Maopao mobile social network. Weibo.com is one of the most popular social media sites in China.
EMS Technologies to Be Acquired by Honeywell for Approximately $491 Million in Cash
EMS Technologies (NASDAQ:ELMG ), a leading provider of wireless connectivity solutions for aviation, aerospace and global resource management, today announced a definitive agreement under which Honeywell (NYSE:HON ), a diversified technology and manufacturing leader, will acquire EMS in an all-cash transaction valued at approximately $491 million, net of cash acquired.
Under the terms of the agreement, which has been unanimously approved by both companies’ Boards of Directors, a wholly-owned subsidiary of Honeywell will commence a tender offer within ten business days to purchase all of EMS’s outstanding shares for $33.00 per share in cash. The transaction represents a 33% premium to EMS’s closing stock price on June 10, 2011, and a 59% premium to EMS’s closing price on April 18, 2011, one day prior to the Company’s announcement that it was reviewing strategic alternatives.
Qualcomm and Zoom Technologies Sign WCDMA Subscriber Unit License Agreement
Qualcomm Incorporated (NASDAQ: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, and Zoom Technologies, Inc. (NASDAQ: ZOOM) today announced that they have entered into a subscriber unit license agreement. Under the terms of the agreement, Qualcomm has granted Zoom a worldwide, royalty-bearing patent license to develop, manufacture and sell WCDMA and TD-SCDMA subscriber units. The royalties payable by Zoom are at Qualcomm's standard worldwide rates.