Archive for the ‘business’ Category
If you thought Verizon Wireless and Alltel’s marriage underwent a good bit of scrutiny, you’ll soon be swearing that Vimpelcom and Wind Mobile are on some sort of global watch list. The Amsterdam-based Vimpelcom has taken a giant leap towards the completion of a $6 billion merger with Wind Telecom, the latter of which has around 117 million subscribers spread across Algeria, Bangladesh, Egypt, Pakistan, North Korea and Canada. If and when the two link hands, the combined effort will be home to a staggering 173 million customers, creating the fifth largest mobile operator by subscriber count. Wind Mobile’s head honcho seems more than enthused about the news, and he’s hoping that the tie-up will allow prices to sink for just about everyone involved. Claiming feats such as “more access to international cooperation for roaming and long distance services” and the ability to utilize “more leverage and increased scale” to drive down prices, Anthony Lacavera isn’t showing any public signs of worry when it comes to regulatory hurdles. In months past, the CRTC took issue with Globalive Wireless — operator of Wind Mobile — starting up in Canada, primarily due to the company’s largest lender (Orascom) residing outside of the Great White North. As of now, things seem to be sailing right along, but you can bet this marriage won’t be formally recognized before a borderline-obnoxious amount of investigating goes down behind the scenes.
It ain’t as crazy as you may think. If you’ll recall, we actually heard last month that Deutsche Telekom was mulling the idea of spinning off T-Mobile USA from its portfolio, and now it looks as if one carrier in particular is interested. According to the inimitable “people with knowledge of the matter,” Bloomberg Businessweek is reporting that Deutsche Telekom has gone ahead with talks to “sell its T-Mobile USA unit to Sprint in exchange for a major stake in the combined entity.” Granted, there’s no guarantees at this point that the two will actually reach a deal that sits well with both boards, and up until now, they haven’t been able to come to terms with T-Mob’s valuation. As the story goes, Deutsche Telekom has purportedly said that it could sell “all or part of the US business, and all options are open.” Meanwhile, Sprint’s remaining mum. A merger of these two would combine the number three and four players in America, but if that doesn’t pan out, T-Mobile USA may end up buying wireless spectrum from Clearwire as an alternative. We’re hearing that an outright sale of T-Mobile in the US is pretty much off of the table, but considering just how many backroom talks are apparently going on in both camps, we won’t be surprised until they tell us to be.
HP’s been cranking out all-in-one’s for quite a while now, but the company’s latest offering — the Omni Pro 110 — attempts to be a real hit with the business crowd. Behind that 1600 x 900 20-inch anti-glare monitor comes your choice of Intel Pentium or Core 2 Duo processor, up to 4 gigs of RAM, an HDD ranging from 250GB to 1TB in capacity, and a built-in DVD burner with LightScribe functionality. It’s also got a whopping six USB ports, six-in-one card reader, and built-in speakers present in that chin region at the bottom. HP’s highlighting the Pro’s ease of upgradability , and with a starting price of just $639, the sky’s the limit.
Yow. Western Digital — the company responsible for shipping the planet’s first 1TB 2.5-inch hard drive way back in 2009 — just announced a monstrous deal to acquire one of its primary competitors, Hitachi Global Storage Technologies. Both outfits have actually shown quite a few interesting HDD designs in recent months, and it’s pretty clear that WD would rather not go at it alone any longer. Granted, these types of deals aren’t entirely unheard of — in fact, Seagate swallowed up Maxtor back in 2005 for a cool $2 billion. Under the deal, which is a mix of $3.5 billion in cash and $750 million in WD common stock, the two will combine in a way that sees the Western Digital brand and headquarters surviving, while Steve Milligan, president and chief executive officer of Hitachi GST, will join WD at closing as president. Hard to say what this will mean for consumer pricing and competition, but we’re pretty certain the powers that be will be looking it all over for fairness before they hop in the blender during Q3. Full release is after the break.