VIRTUAL PRESS OFFICESTM   (011) 807 3294   itnews@itweb.co.za | Advertise on ITWeb   Tue, 02 Sep, 13:53:20 PM
You are here Home Booths Bites

Column

Softbank claims stake in Sprint Nextel

In the largest deal of 2012, the Japanese telco acquired 70% of Sprint Nextel for $20.1 billion.

The international ICT world was dominated last week by the more than $20 billion Softbank/Sprint Nextel deal, and Apple’s loss of its UK legal fight with Samsung.

At home, the sudden resignation of Alan Knott-Craig Jnr as CEO of Mxit, and the latest news regarding the MTN/Turkcell lawsuit stole much of the local ICT headline space.

Key local news of the past week

* Satisfactory interim numbers from Datatec, with revenue up 7.5% and profit up 3.8%.
* The lawsuit in the US involving MTN and Turkcell is currently on hold, pending a US Supreme Court ruling as to whether the case can be heard in a US court.
* Conduct Communications plans to spend R500 million in the next 12 to 24 months, expanding high-speed communications networks to 100 precincts around the country.
* The appointments of Laurence Savage as COO of Altech; and Francois Swart as interim CEO of Mxit.
* The resignations of Alan Knott-Craig Jnr, CEO of Mxit; and Matthew Phosa, chairman of EOH.

Key African news

* Sofrecom Tunisia (Orange) has been officially inaugurated in that country.
* BridgeWave Communications is to expand into North Africa.
* Intelsat has successfully launched Intelsat 23, which will provide coverage to several continents, including Africa.
* The Nigerian Communications Commission is to merge the country’s CDMA operators, ie, MPS, Multilinks and Starcomms.
* Craig Schweitzer was appointed as the new Bytes Document Solutions Xerox Division manager for Africa.

Key international news

* Apple acquired Particle, an HTML5 Web App consultancy firm.
* ASML bought Cymer, a manufacturer of the light sources used by the former in its equipment used to manufacture computer chips. The deal was worth €1.95 billion.
* Megafon, the second-largest Russian mobile operator, purchased Euroset, Russia’s largest handset retailer, for $1.3 billion.
* Microsoft bought StorSimple, an online storage service provider.
* Softbank, Japan’s third largest telecommunications company, acquired 70% of Sprint Nextel for $20.1 billion, in a move that will create the world’s third largest mobile phone operator by revenue. The deal is the largest globally this year and the fifth largest cross-border telecommunications deal ever. It is also the largest-ever acquisition of a US company by a Japanese buyer.
* Sprint Nextel made an additional 5% investment in Clearwire, a move that re-establishes the former’s majority equity stake in the latter.
* EU regulators have said Google must change its controversial privacy policy or risk hefty fines.
* Apple has lost its UK legal fight with Samsung, and must place a link on its Web homepage to bring the judgment to the attention of the general public.
* Very good quarterly figures from Tata Consultancy Services.
* Good quarterly numbers from eBay and Riverbed Technology.
* Satisfactory quarterly results from Amphenol, Check Point Software Technologies, Millicom International Cellular, NCR, Turkcell and Verizon Communications.
* Mediocre quarterly results from IBM, Intel, Microsoft, SanDisk and Xilinx.
* Mixed quarterly figures from Flextronics, with revenue down but profit up; and Google, with revenue well up but profit down.
* Very poor quarterly figures from Lam Research.
* Quarterly losses from AMD and Nokia.
* The appointments of Henrique de Castro as COO of Google; Timothy Main as chairman of Jabil Circuit (was CEO); and Mark Mondello as CEO of Jabil Circuit.
* William Morean, chairman of Jabil Circuit, retired.
* An IPO filing from Violin Memory, a flash memory maker.
* An IPO filing on Nasdaq from yy.com, a Chinese social communications platform.

Look out for

* International:

* A possible buy-out of Juniper Networks by EMC.
* The merger of Vivendi’s SFR telecommunications business with Numericable, in a deal that would combine France’s second largest mobile operator and one of the country’s biggest cable groups.
* The listing of Telefonica’s German operation on 30 October.
* The $650 million sell-off by Cable & Wireless Worldwide of its controlling stake in CTM (Macau).
* The acquisition by IBM of Israel’s mobile phone software maker Red Bend Software.
* The possible acquisition by Amazon of Texas Instruments’ mobile chip business division.
* Africa:
* The possible merging by Bharti Airtel of its African and Indian operations.
* Resolution of the MTN Swaziland phone war.
* South Africa:
* Further developments regarding the MTN/Turkcell lawsuit, BCX’s outstanding cautionary and the future of Telkom.

Research results and predictions

* The external storage market in the CEMA region increased by 13.5% in Q2 to reach $463 million, according to IDC.
* Big data will drive $28 million of IT spending in 2012, according to Gartner.

Stock market changes

* JSE All share index: Up 0.9% (highest-ever weekend close)
* Nasdaq: Down 1.3%
* Top SA share movements: ConvergeNet Holdings (-14.8%), FoneWorx (-9.1%), Jasco (-9.4%), Labat Africa (+30%), Mix Telematics (+7.1%), Muvoni (-40%) and Poynting (-9.5%)

Final word

InformationWeek has just published its annual ‘500’ listing. From a technology perspective, the following were the highest rated companies:

28: Broadview Networks
29: Active Networks
33: Accenture
38: Rackspace Hosting
40: Tech Data
42: IBM
45: Equinix
48: C Spire Wireless


Our comments policy does not allow anonymous postings. Read the policy here




 

 

 

Sponsors Message

STAY INFORMED!



Sign up for ITWeb's free eNews newsletter today to receive all the day's need-to-know ICT happenings.