June 5 - PC World - Good news about the U.S. economy gave a boost to the tech sector this week, but mergers and acquisitions news including Verizon Wireless' US$28 billion acquisition of Alltel also helped pique IT investor interest.
With its Alltel buy, Verizon leapfrogs AT&T into first place in the U.S. mobile market. Verizon said the acquisition will give users access to an expanded range of products and services. But essentially, Verizon is buying its way to a bigger customer base. As more people acquire mobile phones, it gets harder for service providers to find new customers without getting them to switch from other providers.
For this reason, M&A in the mobile market is probably far from over. Read More.
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