Posts Tagged ‘acquire’
AT&T agrees to acquire NextWave for $25 million, gobbles up WCS and AWS spectrum
Author: Matthew Baker
AT&T’s making no secret of the fact it wants to snatch up as much spectrum as it possibly can, so news of the company’s proposed acquisition of NextWave Wireless doesn’t result in much of a shock. AT&T has agreed to purchase the company — and all of its WCS (Wireless Communication Service) and AWS spectrum licenses and equity along with it — for $ 25 million, pending FCC approval. If you count $ 25 million in contingency costs and the outstanding debt the big blue globe has also picked up, however, the total bill climbs to $ 650 million.
The deal comes shortly after AT&T partnered with Sirius XM to petition the FCC in the hopes that it would allow WCS (2.3GHz) spectrum to be opened up for LTE use — mobile data is currently restricted by the federal body to prevent any interference with satellite radio. The government hasn’t given the green light for this proposal yet (additionally, the NextWave deal isn’t likely to be approved until later this year), but that’s not stopping AT&T from its preparations just in case — it plans to have WCS LTE ready for deployment in three years if everything works out in the carrier’s favor.
Continue reading AT&T agrees to acquire NextWave for $ 25 million, gobbles up WCS and AWS spectrum
Filed under: Cellphones, Wireless
AT&T agrees to acquire NextWave for $ 25 million, gobbles up WCS and AWS spectrum originally appeared on Engadget on Thu, 02 Aug 2012 10:05:00 EDT. Please see our terms for use of feeds.
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AT&T agrees to acquire NextWave for $25 million, gobbles up WCS and AWS spectrum
Author: James Cliff
AT&T’s making no secret of the fact it wants to snatch up as much spectrum as it possibly can, so news of the company’s proposed acquisition of NextWave Wireless doesn’t result in much of a shock. AT&T has agreed to purchase the company — and all of its WCS (Wireless Communication Service) and AWS spectrum licenses and equity along with it — for $ 25 million, pending FCC approval. If you count $ 25 million in contingency costs and the outstanding debt the big blue globe has also picked up, however, the total bill climbs to $ 650 million.
The deal comes shortly after AT&T partnered with Sirius XM to petition the FCC in the hopes that it would allow WCS (2.3GHz) spectrum to be opened up for LTE use — mobile data is currently restricted by the federal body to prevent any interference with satellite radio. The government hasn’t given the green light for this proposal yet (additionally, the NextWave deal isn’t likely to be approved until later this year), but that’s not stopping AT&T from its preparations just in case — it plans to have WCS LTE ready for deployment in three years if everything works out in the carrier’s favor.
Continue reading AT&T agrees to acquire NextWave for $ 25 million, gobbles up WCS and AWS spectrum
Filed under: Cellphones, Wireless
AT&T agrees to acquire NextWave for $ 25 million, gobbles up WCS and AWS spectrum originally appeared on Engadget on Thu, 02 Aug 2012 10:05:00 EDT. Please see our terms for use of feeds.
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HTC’s Big Announcement: HTC To Acquire Majority Stake In Beats By Dr. Dre
Author: Brian McKinnell
Cat, meet the outside of the bag.
You know that “major announcement” that HTC has scheduled for tomorrow morning? The details have just made their way out a bit early.
HTC just confirmed that they will be entering a strategic partnership with Beats Electronics, a company best known for its Beats by Dr. Dre line of headphones. While they’re leaving some details for tomorrow’s call, it’s expected that HTC will announce that they’ve acquired a majority stake (at 51%) of the company.
The actual size of the investment varies a bit depending on who you’re talking to: CNET says over $ 500 million, while AllThingsD pins it at $ 300 million.
As you’d probably expect, HTC will be utilizing this investment to squeeze Beats technology (along with the “Beats” brand, of course) into their phones, with the first Beats-ified handsets hitting the shelves sometime this fall. At the very least, this means that the music that some people insist on blasting out of their phone’s crappy speakerphone while riding on public transportation might sound a wee bit less crappy in the future.
To celebrate, here’s a picture of a much younger version of me (and TechCrunch alum Peter Ha!) hanging out with a totally-excited-to-be-there Dr. Dre:
We’re still planning on liveblogging tomorrow’s event just in case any interesting details get tossed in the ring.
HTC Corp, (TAIEX: 2498) produces smartphones running the Android and Windows Mobile operating systems for themselves and as an OEM to other manufacturers. Since launching its own brand in…
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Ricoh set to acquire Pentax camera brand and business, get serious about digital imaging
Author: Rod Sutherland
Reuters is reporting a bit of board room activity in Japan this morning, which could, by the end of today, result in Ricoh purchasing the Pentax brand and camera business from current owner and proprietor Hoya Corporation. The global news agency points out that Hoya’s initial acquisition of Pentax, back in 2007, was primarily motivated by its eagerness to acquire Pentax’s medical technology, and although the company’s had a slew of strong products since then, it probably makes sense for Hoya to pass the digicam work on to someone who might feel more invested in it. For its part, Ricoh also has a well respected line of digital compacts, but lacks the DSLR lineage and experience that Pentax brings. Provided this deal goes through as rumored, and Reuters has three sources who say it’s imminent, the only question we’ve got to ponder is whether the Pentax naming will take over for Ricoh’s slightly less recognizable branding or vice versa.
Update: That was quick! Hoya has confirmed the sale. Thanks, Ben! It is as reported earlier: Hoya will hang on to the rights to manufacture and develop products for the medical field, while Ricoh is gobbling up the Pentax Imaging Systems products with a view to expanding its presence in the consumer digital camera market.
Ricoh set to acquire Pentax camera brand and business, get serious about digital imaging originally appeared on Engadget on Fri, 01 Jul 2011 02:05:00 EDT. Please see our terms for use of feeds.
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Rovi announces agreement to acquire Sonic Solutions for $720 million
Author: Stacey Cook
Rovi Corporation has already gone though a few significant transformations — it was once the DRM-centered company known as Macrovision — and it’s now set to undergo another big one. The company has just announced a “definitive agreement” to acquire Sonic Solutions in a deal valued at $ 720 million. Among other things, Sonic owns RoxioNow (the service formally known as CinemaNow), which will give Rovi access to over 10,000 movies and TV shows, and Sonic also just acquired DivX earlier this year, which Rovi points out has a presence on more than 350 million consumer electronics devices. Head on past the break for the official press release, and look for the deal to close sometime in the first quarter of next year if all goes according to plan.
Continue reading Rovi announces agreement to acquire Sonic Solutions for $ 720 million
Rovi announces agreement to acquire Sonic Solutions for $ 720 million originally appeared on Engadget on Thu, 23 Dec 2010 16:51:00 EDT. Please see our terms for use of feeds.
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