Mergers and Acquisitions
Singtel is expanding its mobile reach in Thailand and India, raising its stakes in Thailand’s largest mobile operator AIS and Indian integrated telecom Bharti Airtel with a $1.84 billion cash purchase of investment company Temasek's 21% share of Intouch Holdings.
Intouch controls 7.4% percent of Bharti Telecom, the holding company for Airtel, and is the largest shareholder in AIS.
European telecoms group Altice has wrapped up its $10B acquisition of Cablevision, which it now will merge with Suddenlink to create the fourth largest broadband provider in the United States. Altice paid $9.1 billion for a controlling stake in Suddenlink before it made the offer for Cablevision.
The new Cablevision will have 4.6 million customers in 20 states.
Online video platform Vimeo will acquire white-label online-video platform VHX, helping Vimeo develop subscription VOD channels for its customers that include individuals, indie creators, brands and media companies. Terms of the deal were not shared.
Rovi has finally executed on its long-rumored acquisition of TiVo, with the set-top box company that had a major hand in changing how consumers watch TV being purchased – along with a treasure trove of user data – for $1.1 billion.
Rovi, which primarily provides digital entertainment guides, will pay $10.70 per share, a 13.6% premium on TiVo’s price Thursday.
Getting the right content to attract Millennials and younger viewers to mobile video services is a crucial – and proving to be more difficult than carriers have expected – first step in growing a service.
Verizon has wrapped up its $10.5 billion deal with Frontier Communications, closing on the sale of Verizon's local wireline assets in California, Florida and Texas.
The deal helps Verizon shed some debt from the AWS-3 FCC spectrum auction early last year.
Included in the deal: Some 2.1 million broadband connections, 1.2 FiOS TV subscribers and about 3.3 million voice connections. Verizon also walks away from its local ILEC businesses.
Cross-screen video management and exchange platform Vidible has been acquired by AOL. Terms of the deal were not made public, but most estimates put the price near $50 million, not bad for a two-year-old startup.
Vidible gives publishers and creators video content management tools that include real-time reporting and – primarily -- helps them to sell their content to other websites.