Focus: Mergers and Acquisitions
November 7, 2019
The Federal Communications Commission (FCC) finally approved the T-Mobile and Sprint merger. According to the filing which was released on Nov. 5, the FCC believes that the merger will "yield significant network deployment benefits, increasing the quality and availability of advanced wireless services," including public interest benefits from the deployment of a nationwide 5G network.…
October 28, 2019
Virgin Galactic and Social Capital Hedosophia, a public investment vehicle, completed their merger. The resulting company is named Virgin Galactic Holdings, and its common stock, units and warrants are expected to commence trading on the New York Stock Exchange under the new ticker symbol “SPCE”, ”SPCE.U” and “SPCE WS", respectively, on Oct. 28. The Company…
October 25, 2019
EchoStar revealed that its subsidiary, EchoStar Global, acquired Helios Wire, a satellite-enabled Internet of Things (IoT) connectivity company headquartered in Vancouver, Canada. The acquisition includes Helios' Australian subsidiaries Sirion Holdings and Sirion Global. Sirion Global holds global spectrum rights for S-band Mobile Satellite Service (MSS), administered by Australia, and has been working to develop solutions…
October 23, 2019
Telenor Group and Nordic Entertainment Group (NENT Group) today announced the formation of a new company that combines Canal Digital and Viasat Consumer (satellite pay-TV and broadband-TV operations). This will create a Nordic TV distribution business in a maturing Direct-to-Home (DTH) segment. Telenor and NENT Group will each hold 50 percent of the new company.…