Tag - NII Holdings
AT&T has completed its acquisition of Nextel Mexico from NII Holdings. Approved by the US Bankruptcy Court for the Southern District of New York, overseeing the restructuring of NII Holdings, as well as Mexico's telecom regulator IFT, the transaction costs AT&T $1.88 billion and grants them the spectrum licenses, network assets, retail stores, and subscribers covered by the network. This is the second Mexico-related purchase completed by the carrier, having already acquired Iusacell.
AT&T has agreed to buy its second carrier in Mexico, a few months after purchasing Iusacell. The pending acquisition of Nextel Mexico from NII Holdings will cost AT&T $1.875 billion, minus any outstanding debt, with the purchase giving AT&T a considerable foothold in the Mexican wireless market, and expanding its reach further outside the United States.
In spite of promises to the contrary earlier this year, Sprint is indeed looking to sell its iDEN push-to-talk network, according to CNBC. Although no sources have been cited by the TV network, Sprint is already said to be negotiating with NII Holdings for a deal, as well as with separate private equity investors. NII operates primarily in Latin American countries, and is one of the few companies outside of Sprint to rely on iDEN.
Now AAPL Stock: 94.02 ( -2.58 )
Seagate 3TB unreliability suit expands
The Seagate 3TB class-action hard drive lawsuit has been expanded to more devices. The expanded suit, filed today, now includes Seagate's Barracuda 3TB Hard Disk Drive, Desktop HDD 3TB, Backup Plus 3TB External Hard Disk Drive, GoFlex 3TB External Hard Disk Drive, or any other Seagate hard drive with model number ST3000DM001. The law firm, Hagens Berman, is seeking information from consumers such as time in service, purchase price, and the nature of any drive received in return from Seagate as a replacement for a failed unit. http://bit.ly/1Pc34Cq
BlackBerry Canada, Florida hit with layoffs
The BlackBerry campus has reportedly been wracked with layoffs. Sources familiar with the company's Waterloo office staffing claim that close to 35 percent of the local workforce has been laid off, with the deepest cuts being made in the BlackBerry 10 OS and hardware teams. Additionally, the state of Florida has been officially notified that the company's Sunrise facility will see 75 people fired. Enthusiast site Mobilesyrup puts the layoffs at around 1000 total. http://bit.ly/1Pc1Rep
Instagram tests multiple account support for iOS
Instagram is trialling support for multiple accounts in its iPhone app with a small number of users. The Facebook-owned photo sharing service confirmed the reports of the tests to TechCrunch, which will allow a single user to manage more than a single account within the app, transferring between two or three accounts with a few taps. It is unclear when the feature will roll out to the public, but it has previously tested it with the Android version of the app since November. http://tcrn.ch/1SPKEKh
Foxconn CEO declares Sharp deal near done
The Foxconn bid for Sharp is allegedly only waiting on specific details of the deal. Foxconn CEO Terry Gou has declared that his company has privileged negotiation rights for the Apple iPhone screen supplier, saying that "we have a consensus, the rest is a process ... I don't see a problem completing this process." Gou hopes the deal, worth up to $5.6 billion, will be formalized by the end of February. http://reut.rs/1SPEQjN
MIT demoes 'Eyeriss' AI chip for mobile
At the International Solid State Circuits Conference in San Francisco this week, MIT researchers presented a new chip designed specifically to implement neural networks. The researchers claim that "Eyeriss" is 10 times as efficient as a mobile GPU, so it could enable mobile devices to run artificial-intelligence algorithms such as Siri or Cortana, rather than uploading all data to a remote server for processing. http://bit.ly/1TISJBe
Pocket for iOS adds readability settings
Offline reader iOS app Pocket has updated, with reader-friendly changes. With the new revision, premium subscribers can adjust character spacing, and choose from eight new fonts including one that makes it easier for sufferers of dyslexia to read saved content. The app itself is free, with a premium subscription available for $5 a month, or $45 a year. http://apple.co/1KuILBl
XCOM 2 ships on Steam for Mac, Windows
Feral Interactive today announced that the highly anticipated turn-based strategy game XCOM 2 is out now for OS X and Windows, and is available to buy through Steam and through the Mac App Store shortly. The sequel to the popular XCOM: Enemy Unknown, XCOM 2 is available as a standalone base game and as the XCOM 2 Digital Deluxe Edition. The XCOM 2 Digital Deluxe Edition comprises the base game, the Reinforcement Pack and the XCOM 2 digital soundtrack. Versions start at $60. http://bit.ly/1KuEFsX