buyout

 

Verizon Ditches Canada Expansion Post Vodafone Deal

Verizon says its decision not to go north isn’t connected to the Vodafone buyout. Canada’s big three carriers don’t care why, they’re just happy the potential competition is staying south of the border.

Sprint Considering Clearwire Buyout Report

Americas third-largest wireless carrier is reportedly talking with cable companies about further investment in Clearwire, something that could lead to a merger.

Alltel Shareholders Approve Buyout

Alltel Corp. said Wednesday its shareholders have approved the $27.5 billion buyout by TPG Capital and GS Capital Partners. The company said approximately 97 percent of the shares voted in favor of the deal at a special meeting. The acquisition was announced in May. The Federal Communications Commission still must approve the transaction. Alltel, which […]

TNS to Buy InfiniRoute, Faces Executive Buyout

Transaction Network Services Inc. (TNS), which processes debit and credit card transactions for carriers and other companies, said this week it will buy nearly all of InfiniRoute Networks Inc.s assets. Terms of the deal were not disclosed. InfiniRoute provides managed VoIP peering services for carriers. TNS said the acquisition includes InfiniRoute’s flagship product, VoIP Direct. […]

Verizon Receives Final States Approval for MCI Buyout

The Washington Utilities and Transportation Commission (WUTC) on Friday gave its blessing to the merger of Verizon Communications Inc. and MCI Inc. Washington State was the final hurdle for the companies to overcome; regulators approval sets the stage for Verizon to close its acquisition of MCI in early January. Verizon and MCI now have received […]

MCI Completes Totality Acquisition

MCI Inc. has completed its acquisition of Totality Corp., a privately held provider of remote managed services for applications and infrastructure. MCI says the buyout is a step toward the expansion of its managed services capabilities. It also means MCI can enable remote monitoring and management of applications, whether they are hosted at MCI’s colocation […]

Investment Firm Hires Powell

Former FCC Chairman Michael Powell has joined Providence Equity Partners Inc., a private equity investment firm specializing in media, communications and information companies, as a senior advisor. Powell will advise Providence on technology and regulatory issues, and investment opportunities. Providence Equity is an investor in T-Mobile USA and Nextel. Various media speculate the firm hired […]

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