Huge story today. Verizon announced their plan to buy Alltel for about $28 billion! With the new 80 million subscribers that they would acquire from Alltel, Verizon is now officially the mobile largest carrier in the US.
This just makes sense. A bigger CDMA and BREW network buying out a smaller CDMA and BREW network. Apparently this isn’t the first time they tried to buy Alltel:
Verizon Wireless, which is a joint venture of Verizon and Vodafone, has tried to merge with Alltel before, in 2007, but that transaction did not go through. Since that time, though, Alltel changed ownership; it’s now owned by private equity, rather than being a publicly traded company.
Of course, everything is assuming that the Feds will approve the merger. There could be some changes coming up ahead though. You can read everything here.
Technorati Tags: verizon, news, alltel, cdma, cell phone, mobile, mobile phone, merger, business
June 5th, 2008
Vodafone, one of the biggest carriers in Europe, announced today that they are buying ZYB, a Danish mobile social network for 31.5 million Euros today.
This is what Techcrunch had to say about ZYB:
“ZYB was smart in how they built their service. At first they were a simple address book backup-to-web service. But they realized they had a very complete social graph from the data (who’s closer to you than the people you call frequently on your mobile phone)? So they launched a mobile social network on the back of the original service.”
Just like what we believe here in Obopay, mobile is the way of the future!
Technorati Tags: business, techcrunch, news, mobile phone, cell phone, social network, zyb, vodafone, europe, phone, mobile
May 19th, 2008
“Microsoft and Research in Motion announced Monday that consumer e-mail and instant messaging services from Microsoft would be available on BlackBerry mobile devices later this summer. The move demonstrates both that BlackBerrys aren’t just for business messaging anymore and that Microsoft isn’t depending only on Windows Mobile for its mobile strategy.” Read the article as reported on Information Week.
Sounds like a win-win for both Microsoft and Blackberry…
Technorati Tags: microsoft, blackberry, rim, news, business, email, live, mobile
May 13th, 2008
Apple’s stock is likely to go higher than expected based on a spate of iPhone agreements the company has forged, says analyst Shaw Wu of American Technology Research. Wu in fact suggests that the potential market could “more than triple” in 2008, from 150 million people to approximately 470 million.
read more | digg story
Technorati Tags: digg, apple, iphone, stocks, mobile, business, news
May 12th, 2008
Apple iPhone’s world domination continues! Apple and America Movil SAB, the top mobile company in Latin America, announced a partnership to bring the iPhone to Latin America today.
“America Movil SAB, controlled by Mexican billionaire Carlos Slim, said it plans to bring the iPhone to all of its Latin American operations but didn’t offer more details about the arrangement, including whether it would be the exclusive iPhone provider in the targeted countries.” Read the whole article here.
Apple has been planning to sell 10 million iPhones by the end of this year. Given that America Movil has almost 160 million subscribers in multiple countries, I would say that they are on the right track.
Technorati Tags: iphone, apple, apple iphone, latin america, mexico, mexico city, mobile, business
May 8th, 2008
We all figured there will be some consolidation in the mobile industry eventually. It seems like it might become a reality soon. The Wall Street Journal reported a couple days ago (I know I am a little late on this one, sorry) that Deutsche Telekom, the parent of T-Mobile, is thinking about acquiring Sprint Nextel. If that happens, they will become the biggest carrier in the US! You can see the article on AOL Money.
There are a few things that might become somewhat complicated if this happens though. For one, integrating the technologies will be pretty challenging. T-Mobile runs on the GSM network, whereas Sprint Nextel is on CDMA with Java. The two networks are completely opposite like fire and ice, water and oil, donuts and oranges (sorry, ran out of analogies for the last one there).
This will still be very interesting though. We could be seeing some big changes happening in the near future!
Technorati Tags: wireless, mobile, cell phone, phone, t-mobile, tmobile, sprint, sprint nextell, cdma, gsm, deutsche telekom, wall street, wall street journal, business
May 8th, 2008
T-Mobile is growing fast and their earning report this morning tells you exactly why. They gained 981,000 new users in the first 3 months of 2008! All those MyFaves (or My Fave 5) commercials with Charles Barkley and Dwayne Wade are paying off too, signing up 5.5 million customers at the end of the first quarter. Overall, Deutsche Telekom’s results were in line with analysis’ expectations.
Here’s the earnings report as posted on the Washington Post.
Technorati Tags: business, report, tmobile, mobile, dwayne wade, charles barkley, news, tmobile, cell phone, fave 5, myfaves, my fave 5
May 8th, 2008
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