Showing posts with label bidding. Show all posts
Showing posts with label bidding. Show all posts

Friday, April 19, 2013

Blackstone reportedly backs out of Dell deal, leaves bidding war to Icahn and company founder

Blackstone reportedly backs out of Dell deal, leaves bidding war to Icahn and company founder


Micheal Dell's battle to take back his namesake firm may have just become a little easier: Blackstone seems to have lost interest. According to the Wall Street Journal, the group has backed out of the bidding war for the computer maker, declining to comment on the matter. Bloomberg sources claim that Blackstone lost interest after peeking at the company's financials and were reportedly disappointed by the revenue outlook. This leaves the company's founder to contend with only Carl Icahn, giving his original $24.4 billion bid a better shot at acceptance. The jury's still out on who Dell's next owner will be, but at least it's a little less complicated now, right?


Source: Wall Street Journal, Bloomberg

Sunday, March 24, 2013

Potential Dell bidding war afoot as Blackstone Group and Carl Icahn reportedly making offers

Potential Dell bidding war afoot as Blackstone Group and Carl Ichan reportedly making offers


Thought that Dell buy out was a done deal? Well, the Blackstone Group and investor Carl Icahn clearly don't think so, with the Wall Street Journal reporting that both have contacted the committee of Dell's board just before Friday's shutoff deadline. The would-be bidders are reported to be working on their actual offer amounts, and in the process buying them four more days thinking time. Reuters reports that Blackstone's tentative offer is already in, according to sources, but at this time the company is yet to comment. Despite a recent slump in profits, Michael Dell surprised many when he announced his intention to buy back the eponymous firm in a deal with Microsoft for $24.4 billion. So, if the founder thought he had the keys to the old estate back, he might just have to wait a little longer.


Source: The Wall Street Journal, Reuters

Friday, December 21, 2012

In Depth: Why BT is bidding for a slice of 4G pie

The Ofcom 4G auction is moving along apace, and we're now seeing the full range of bidders for the superfast spectrum – with some surprising names thrown into the mix.

We've had a word with all the new players and while their plans aren't quite forthcoming due to auction rules stating that bidders can't reveal their intentions, we've done a spot of digging to see what it means for the user.

Along with the usual suspects of Vodafone, O2, EE and 3 we've seen BT, MLL Telecom and PCCW all enter the race to get a slice of the 800MHz and 2.6GHz spectrum – so let's take a look at what they're likely to be doing with it:

Operating through its Niche Spectrum Ventures subsidiary, the telecoms provider has made it pretty clear that it's not going to be the next competitor to the incumbent mobile networks.

It has long had plans to use 4G to deliver broadband speeds on the go, and told TechRadar it hasn't changed its stance since its CEO said there were no plans to enter the mobile operator space.

It already has plans in place with EE to share its 4G spectrum to deliver broadband to rural areas, and this bid is almost certain to be part of a plan to further that goal.

This Hong Kong firm is a long standing player in the telecommunications industry through its majority share in HKT, which is making the bid in the UK.

Like BT, the firm is not planning on becoming a rival to the likes of O2 and Vodafone – instead it's looking to bring broadband connectivity using the wireless technology.

PCCW owns UK Broadband, which was set up to provide broadband to businesses and the public sector as well as manage infrastructure, but it was also one of the first to offer 4G wireless broadband in areas of the UK to both consumers and businesses through its Now! Broadband platform.

The response we received was pretty bland over the firm's plans: "It is not HKT's practice to comment on competitive situations such as spectrum auctions. We will comment as appropriate after the auctions conclude."

However, it's pretty clear that PCCW wants to make a big step forward with Now! Broadband, giving even those in rural areas more TV and internet services where fixed line can't penetrate.

You won't have heard of MLL Telecom, a Buckinghamshire-based firm that's over 20 years old, but they're the guys helping get your mobile signal to you.

It works for the likes of BT and Vodafone to help manage and build the infrastructure to send all those tiny bytes of data you use to tell the world what you're having for breakfast or, indeed, what you might be eating in the future.

"Through our experience and expertise within the industry we recognise that the demands on mobile networks are constantly changing and will continue to do so over the next few years; for this reason we have decided to place our bid in the 4G auction to complement our existing spectrum allocation," said Karl Edwards, CCO of MLL Telecom in a statement sent to TechRadar.

"This move will allow us to further support our customers within the mobile industry, enabling us to provide improved backhaul capabilities through small cells as well as reducing the current [operating expense] costs incurred by our customers."

In short: you won't be able to buy a service from MLL, but it will use any spectrum it wins to make a network you CAN buy more efficient. You can forget all about it now.


View the original article here

 

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