Wireless Telecommunications Services
SoftBank Corp Announces Changes of Subsidiary
SoftBank Corp announced that WILLCOM, Inc., a Tokyo-based company engaged in the telecommunications business, has become a subsidiary of the Company, following the completion of corporate reorganization process of WILLCOM, effective July 1, 2013. SoftBank Corp holds a 100% stake in WILLCOM.
T-Mobile US Inc Agrees To Acquire AWS Spectrum In Mississippi Valley Region From U.S. Cellular Corp
T-Mobile US Inc announced that its wholly owned subsidiary has signed an agreement to purchase 10 MHz of Advanced Wireless Services (AWS) spectrum from U.S. Cellular for $308 million in cash. The spectrum covers a total of 32M people in 29 markets in the Mississippi Valley region - notably in St. Louis; Nashville; Kansas City; Memphis; Lexington; Little Rock-North Little Rock; Birmingham; New Orleans; and Louisville. This additional spectrum will allow for an incremental roll-out of T-Mobile's 4G LTE network coverage to new markets and expands the existing 4G LTE bandwidth in the important Mississippi Valley region. The agreement is subject to approval by the Federal Communications Commission (FCC) and Department of Justice, and other customary closing conditions. Following regulatory approval, the transaction is expected to close in the fourth quarter of 2013.
SoftBank Corp Increases Stake in Gungho Online Entertainment Inc
Gungho Online Entertainment Inc announced that SoftBank BB Corp has decreased the stake in Gungho Online from 33.63% (387,440 voting rights) to 0%, and Softbank Corp has increased the stake from 33.63% (387,440 voting rights) to 58.50% (673,920 voting rights), effective June 27, 2013.
Dish Network Corp Announces Withdrawal Of Clearwire Corp Tender Offer
Dish Network Corp announced that its wholly-owned subsidiary, DISH Acquisition Holding Corporation, is withdrawing its tender offer to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corp, including any shares of Class A Common Stock issued in respect of outstanding shares of Class B Common Stock, for $4.40 per share. DISH’s tender offer provided that it could be withdrawn, among other reasons, as a result of the recent change in recommendation by Clearwire.
Telenor ASA to Acquire Telekiosken from Kjedehuset through Telenor Norway-DJ
Dow Jones reported that Kjedehuset and Telenor ASA's Telenor Norway have today signed an agreement for Telenor to take over the retail chain Telekiosken. The stores are operated by franchisees through Kjedehuset AS, a company which is 49% owned by Telenor. The shops will be converted to Telenor stores. Telenorbutikken AS is a wholly owned subsidiary of Telenor Norway AS. The company will operate as a branch office for the Telenor stores. Telenor's stores in Norway will be operated as franchises. Final takeover is subject to approval from the Norwegian Competition Authority.
Vodafone Group Plc's Subsidiary Announces Intention To Acquire Kabel Deutschland
Vodafone Group Plc announced the intention to acquire Kabel Deutschland in a transaction delivering Kabel Deutschland shareholders EUR87 per share in cash (the Transaction), valuing the entire fully diluted ordinary share capital of Kabel Deutschland at EUR7.7 billion (GBP6.6 billion). The Transaction will be implemented as a voluntary public tender offer by Vodafone's wholly owned subsidiary Vodafone Vierte Verwaltungsgesellschaft mbH for EUR84.50 per share in cash plus the payment of the EUR2.50 dividend announced by Kabel Deutschland on February 20, 2013.
Sprint Nextel Corp and Clearwire Corp Agree to Increased Acquisition Offer
Sprint Nextel Corp and Clearwire Corp announced that they have agreed to amend Sprint's agreement to acquire the approximately 50% of Clearwire it does not currently own (the minority stake) for $5.00 per share, valuing Clearwire at approximately $14 billion, or about $0.30 per MHZ-pop. This increased offer represents a 47% premium to Sprint`s previous offer of $3.40 per share announced on May 21, 2012 and a 285% premium to Clearwire's closing share price on Oct. 10, 2012. This offer also represents a 14% premium to the $4.40 per share DISH tender offer. In addition to the increased price per share, the companies have further amended the merger agreement that was previously entered into. Specifically, among other things, in certain circumstances where the transaction between Sprint and Clearwire terminates, Clearwire will be required to pay a termination fee of $115 million, or 3% of the equity value of the minority stake. In the event the transaction is not completed, Clearwire has agreed to hold its annual shareholder meeting as expeditiously as possible and if the transaction is not completed under certain circumstances, Clearwire has agreed to waive the current standstill provision in the Equityholders` Agreement between Sprint, Clearwire, and the company`s strategic investors. That standstill provision was originally set to expire on November 28, 2013.
Sprint Nextel Corp and Clearwire Corp Agree to Increased Acquisition Offer
Sprint Nextel Corp and Clearwire Corp announced that they have agreed to amend Sprint's agreement to acquire the approximately 50% of Clearwire it does not currently own (the minority stake) for $5.00 per share, valuing Clearwire at approximately $14 billion, or about $0.30 per MHZ-pop. This increased offer represents a 47% premium to Sprint`s previous offer of $3.40 per share announced on May 21, 2012 and a 285% premium to Clearwire's closing share price on Oct. 10, 2012. This offer also represents a 14% premium to the $4.40 per share DISH tender offer. In addition to the increased price per share, the companies have further amended the merger agreement that was previously entered into. Specifically, among other things, in certain circumstances where the transaction between Sprint and Clearwire terminates, Clearwire will be required to pay a termination fee of $115 million, or 3% of the equity value of the minority stake. In the event the transaction is not completed, Clearwire has agreed to hold its annual shareholder meeting as expeditiously as possible and if the transaction is not completed under certain circumstances, Clearwire has agreed to waive the current standstill provision in the Equityholders` Agreement between Sprint, Clearwire, and the company`s strategic investors. That standstill provision was originally set to expire on November 28, 2013.
Redline Communications Group Inc Signs Letters Of Intent To Acquire Two Companies
Redline Communications Group Inc announced that it has executed two separate non-binding letters of intent to acquire businesses with specific expertise in wireless communications and integrated solutions based on wireless infrastructure. One of the targets is a North American provider of communications infrastructure products focused on Energy, Utilities and Public Safety and the other, based in the Middle East, offers fully integrated applications and solutions primarily for the oil and gas industry. Both companies have experience selling to industrial customers which operate in remote regions, the same market addressed by Redline. The terms of the proposed transactions are confidential but the Company expects to provide additional details, including details on the contemplated closing dates, upon execution of definitive agreements.
Markets
- Sectors
- U.S.
- Europe
- Asia
Sector Summary
| Energy |  -0.01% |
| Basic Materials | -0.88% |
| Industrials | -0.61% |
| Cyclical Goods & Services |  +0.03% |
| Non-Cyclical Goods & Services | -0.23% |
| Financials | -0.23% |
| Healthcare | -0.43% |
| Technology | +0.04% |
| Telecoms | +0.08% |
| Utilities | -0.64% |
| DOW | 14,932.41 | -42.55 |
-0.28% |
| S&P 500 | 1,614.08 | -0.88 |
-0.05% |
| NASDAQ | 3,433.40 | -1.09 |
-0.03% |
| TR US Index | 146.52 | -0.13 |
-0.09% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
|
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Provider: GlobalData
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$125.00
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Provider: GlobalData
|
$125.00
|
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Provider: GlobalData
|
$125.00
|
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