& cplSiteName &

Eurobites: Com Hem Sparks Gold Rush

Paul Rainford
7/4/2014
50%
50%

In today's EMEA regional roundup: ISPs sue UK spooks; KPN rolls out WiFi with Fon; more Uber upset.

  • There's no shortage of demand for a stake in Swedish cable operator Com Hem AB . The operator raised 5.67 billion Swedish Krona (US$828 million) in its IPO on June 17 when it listed with a share price of SEK 58, and is now set to bank even more cash through the exercise in full of its over-allotment option. Having issued 97.75 million shares for the IPO, it has now sold a further 9.78 million shares, generating gross proceeds of SEK567 million ($82.8 million). The additional allocation means that Com Hem's largest investor, private equity firm BC Partners, will see its stake reduced from 50% to 47.7%. Com Hem's share price is trading up slightly at SEK 62.95.

  • The UK's intelligence center, GCHQ, has become the subject of a legal complaint filed by an unlikely coalition of ISPs and other assorted bodies, including the German Chaos Computer Club. (Whatever it is, we gotta join.) PC World reports that the complaint -- which is largely based on Snowden-related revelations published in Der Spiegel magazine -- was lodged on Wednesday with the Investigatory Powers Tribunal (IPT).

  • KPN Telecom NV (NYSE: KPN) has started rolling out a WiFi network throughout the Netherlands in partnership with Fon Wireless Ltd. , giving KPN customers free Internet access at thousands of hotspots within the country (as well as at millions of hotspots abroad). It's a busy time for Fon -- earlier this week it announced a deal with Romania's Romtelecom S.A. , and back in May it was signed up as partner by Telstra in Australia. (See Fon, KPN Roll Out WiFi Service, Fon Teams With Romtelecom in Romania, and Telstra Signs Up as Fon Partner .)

  • T-Systems International GmbH , Deutsche Telekom AG (NYSE: DT)'s enterprise services arm, has opened what it says is Germany's largest data center (covering 5,400 square meters), in Biere, near Magdeburg. DT has fitted out an existing T-Systems data center in Magdeburg almost identically, and the two data centers will work as twins, storing data in parallel.

  • Eight bids have been received for the state sale of Telekom Slovenije , reports Telecompaper. Russia's Mobile TeleSystems OJSC (MTS) (NYSE: MBT), Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC), and Deutsche Telekom form the operators' contingent, while financial funds Apollo Global Management, Cinven Ltd. , CVC Capital Partners , PPF Group, Apax Partners , Bain Capital , and Providence Equity Partners make up the remainder. However, there is a chance the privatization may not happen at all: Reuters reports that all new privatizations in Slovenia have been put on hold until a new government is formed after a snap election on July 13.

  • More grist to the 5G mill: Huawei Technologies Co. Ltd. has been elected to join the board of the 5G Infrastructure Association in Europe. The Association represents the 5G Public and Private Partnership (5G-PPP), a €1.4 billion ($1.9 billion) joint initiative between the European technology industry and the European Commission which aims to accelerate the arrival of next-generation networks. (See Huawei Joins 5G Infrastructure Association Board and Prepare for a 5G Onslaught.)

  • Polish cable company Vectra has made a 610 million Polish zloty ($200 million) bid for a 33% stake in telecom operator Netia Holdings SA , reports Bloomberg. Vectra says this is purely a financial investment.

  • Swisscom AG (NYSE: SCM) has been bigging up its credentials as a player in the Swiss cloud market, citing a study carried out by the Experton Group. The operator says it received particularly high scores for its cloud-based infrastructure services, and its services for SMEs. See this press release for more details.

  • You don't want to upset a London cabbie: The Licensed Taxi Drivers Association has filed criminal proceedings in the UK capital against six drivers using the Uber app, reports Bloomberg. It's the latest move from "traditional" taxi drivers who feel that the app is unfair and a threat to their livelihood -- last month the London cabbies combined with their colleagues overseas in a protest that snarled up the streets of some of Europe's major cities.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
    NEXT COURSE
    Wednesday, September 28, 1:00PM EDT
    Gigabit 101
    Will Barkis, Senior Technology Analyst, Orange
    UPCOMING COURSE SCHEDULE
    Friday, September 30, 1:00PM EDT
    Gigabit & the Great Migration
    Robert Howald, Vice President, Network Architecture, Comcast
    Wednesday, October 5, 1:00PM EDT
    Gigabit & Smart Cities
    Joe Kochan, COO & Co-Founder, US Ignite
    Friday, October 7, 1:00PM EDT
    Gigabit & DOCSIS 3.1
    Ty Pearman, Director, Access Architecture, Comcast
    in association with:
    From The Founder
    Light Reading today starts a new voyage as part of a larger Enterprise.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Interviews
    Global Services: The $40B Face-Off

    9|26|16   |   05:53   |   (0) comments


    More service providers than ever before are battling it out to win a slice of what is now a $40 billion global communications services pie, explains Ovum Principal Analyst David Molony.
    LRTV Documentaries
    MEC Congress: The Key Takeaways

    9|22|16   |   03:25   |   (3) comments


    Three key takeaways from the Mobile Edge Computing (MEC) Congress in Munich, Germany.
    Wagner’s Ring
    Time to Shut Up About 'Dumb Pipes'

    9|22|16   |     |   (12) comments


    Service providers can't compete with OTT players. It just isn't in their DNA. Instead, service providers need to embrace what they're good at -- providing reliable, secure connectivity.
    Wagner’s Ring
    Keeping Your Tech Career Going After 50

    9|21|16   |     |   (13) comments


    How do you keep your career moving forward when you're past the half-century mark?
    LRTV Interviews
    Peering Into the Digital Future

    9|20|16   |   04:25   |   (0) comments


    Nick Thomas, practice leader of digital media at Ovum, talks about how digital transformation in the technology, media and telecom sectors will enable the development of a new range of applications and services for enterprises and consumers and how the upcoming Digital Futures event in London will examine ...
    LRTV Custom TV
    Napatech Tackles NFV's Major Challenge

    9|7|16   |   08:42   |   (0) comments


    One of the main challenges for network operators introducing NFV is to combine performance and flexibility in a cost-effective way, but there is a solution, explains Napatech's Dan Joe Barry.
    LRTV Custom TV
    Huawei Optical Innovation 2016

    9|6|16   |     |   (0) comments


    Highlights of the 2016 Huawei Optical Innovation forum.
    LRTV Huawei Video Resource Center
    Are You Ready for Huawei Connect 2016?

    8|31|16   |     |   (0) comments


    Join us for an exclusive sneak peak of Huawei Connect, an integrated conference for the global ICT ecosystem taking place in Shanghai.
    Between the CEOs
    CEO Chat: UXP's Gemini Waghmare

    8|26|16   |     |   (0) comments


    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    LRTV Custom TV
    F5 Virtual Network Function Integrations With Partner Orchestration Platform

    8|24|16   |   6:38   |   (0) comments


    F5's Kishore Patnam, product manager for F5's service provider solutions, discusses why service providers are moving towards virtualization and how his clients are utilizing F5's solutions.
    Between the CEOs
    CEO Chat: Intel's Alexis Black Bjorlin

    8|17|16   |   06:23   |   (0) comments


    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Telecom Innovators Video Showcase
    Accelerating Telecom Digital Transformation With Nominum DNS

    8|1|16   |   12:04   |   (0) comments


    Light Reading's Steve Saunders gets an update from Nominum CEO Gary Messiana on how his company is helping carriers on the digital transformation journey.
    Upcoming Live Events
    November 3, 2016, The Montcalm Marble Arch, London
    November 30, 2016, The Westin Times Square, New York City
    December 1, 2016, The Westin Times Square, New York, NY
    December 6-8, 2016, The Westin Excelsior, Rome
    May 16-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    Hot Topics
    Keeping Your Tech Career Going After 50
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 9/21/2016
    Time to Shut Up About 'Dumb Pipes'
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 9/22/2016
    Comcast Will Go Wireless in 2017
    Mari Silbey, Senior Editor, Cable/Video, 9/20/2016
    Sprint CEO: We'll Lease Spectrum as Soon as Possible
    Dan Jones, Mobile Editor, 9/20/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Animals with Phones
    You Thought Your Customer Service Was Unreliable... Click Here
    Live Digital Audio

    A vital part of increasing the number of women in comms is transforming the ways companies can support and empower women. While progressive company policies that support both men and women in achieving work-life balance are a step in the right direction, creating a company culture that supports those policies can at times be more challenging.

    During this show, we'll talk to Lynn Comp, Senior Director of Industry and Sales Enabling (ISE) in the Network Platforms Group at Intel, about why those challenges exist and how companies can overcome them. She'll provide insight into how Intel has worked to create a culture that supports work-life balance, and provide steps and guidance for other companies wishing to do the same. We will also leave plenty of time to get your questions answered live on the air.