& 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 , 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.
    LIVE NOW!
    Friday, December 2, 1:00PM EST
    The SDN Approach to IP & Optical Integration
    Sterling Perrin, Senior Analyst, Heavy Reading
    UPCOMING COURSE SCHEDULE
    Friday, December 2, 1:00PM EST
    The SDN Approach to IP & Optical Integration
    Sterling Perrin, Senior Analyst, Heavy Reading
    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.
    Women in Comms Introduction Videos
    Korn Ferry Consultant: How to Find, Cultivate & Be the Best Talent

    11|30|16   |   4:10   |   (1) comment


    Erin Callaghan, a managing consultant for Korn Ferry Futurestep, shares strategies for companies to improve how they recruit and for women to ensure they don't get lost in the pipeline.
    LRTV Custom TV
    We Can Make the World More Sustainable

    11|29|16   |     |   (0) comments


    GeSI is a global e-Sustainability Initiative organization bringing together 40 big multinational companies around the world. According to GeSI's report, information and communication technology can make the world more sustainable. Luis Neves, chairman of GeSI, shared with us his opinion at Ultra-broadband Forum (UBBF2016).
    LRTV Custom TV
    Finding a New Way to Engage Customers & Drive Revenue

    11|29|16   |     |   (0) comments


    Mobile revenues are declining. Digicel, a player in the Caribbean telecommunications/entertainment space, has found a new way to engage customers and drive revenue. John Quinn, CTO of Digicel, shared with us its story at Ultra-broadband Forum (UBBF2016)
    LRTV Custom TV
    Do You Really Need Gigabit Infrastructure?

    11|29|16   |     |   (0) comments


    Altibox is the biggest fiber-to-the-home (FTTH) player and the largest provider of video and TV in Norway. They started out with zero customers in 2002. Now they have close to half a million households and companies attached to their FTTH business. Nils Arne, CEO of Altibox shared with us their story and insight on 5G at Ultra-broadband Forum (UBBF2016).
    LRTV Custom TV
    BT’s Openreach Strategy & Its Updates in 2016

    11|29|16   |     |   (0) comments


    A lot of developments at Openreach this year in terms of strategy and planned investments. Peter Bell, CIO of Openreach BT, shared with us the updates of Openreach at Ultra-broadband Forum (UBBF2016).
    LRTV Custom TV
    ITU: The Broadband Is Our Future

    11|29|16   |     |   (0) comments


    At Ultra-broadband Forum, Houlin Zhao, Secretary General of ITU, discussed how important it is for countries, companies and everybody to be working together to help to build the broadband and digital economies (UBBF2016).
    LRTV Custom TV
    Tackling 5G in Dallas

    11|28|16   |     |   (0) comments


    Here are our highlights of the 5G North America show in Dallas, Texas with Light Reading's Dan Jones.
    LRTV Interviews
    Cox Prepping for Virtualization Trials

    11|14|16   |     |   (0) comments


    In this video interview, Cox's Jeff Finkelstein discusses MSO's plans to test managed business services in early 2017 and tackle Distributed Access Architectures.
    LRTV Custom TV
    Drivers & Potential of NGP

    11|11|16   |     |   (0) comments


    ETSI has created an Industry Specification Group to work on Next Generation Protocols (NGP ISG), looking at evolving communications and networking protocols to provide the scale, security, mobility and ease of deployment required for the connected society of the 21st century. The NGP ISG will identify the requirements for next generation protocols and network ...
    LRTV Custom TV
    Huawei IP 2020 for Future Networks

    11|11|16   |     |   (0) comments


    Future Networks should satisfy many requirements such as high throughput, extremely low latency, flexible mobility, intrinsic security, networking automation, and so forth. The Chief Architect of Huawei Future Networks addresses a holistic solution, i.e., IP 2020, to achieve these requirements for various future life scenarios (e.g., autonomous driving, tactile ...
    LRTV Custom TV
    Digital Object Architecture

    11|11|16   |     |   (0) comments


    Digital Object Architecture provides a basic information infrastructure that can facilitate interoperability between or among different systems, processes, and other information resources, including different identity management systems. Digital objects are networked objects that are named by digital object identifiers and instantiated by an infrastructure service ...
    LRTV Custom TV
    BT's Openreach Has High Hopes for Long-Reach VDSL

    11|11|16   |   06:04   |   (0) comments


    Peter Bell, Network Portfolio CIO at BT's access business Openreach, talks about the operator's trial of a new broadband access technology called Long Reach VDSL.
    Upcoming Live Events
    December 6-8, 2016, The Westin Excelsior, Rome
    May 16-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    Hot Topics
    AT&T Debuts DirecTV Now on New Video Platform
    Mari Silbey, Senior Editor, Cable/Video, 11/28/2016
    Apple Seeds 5G? Seeks 'Multi-Gigabit' Chip Designer
    Dan Jones, Mobile Editor, 11/30/2016
    Altice Plans FTTH for Entire US Footprint
    Iain Morris, News Editor, 11/30/2016
    Altice FTTH Bill Could Hit Almost $9.6B in US
    Iain Morris, News Editor, 12/1/2016
    Samsung Bows to Investors, Considers Revamp
    Iain Morris, News Editor, 11/29/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
    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.
    Live Digital Audio

    Even when there's a strong pipeline of female talent in the comms industry, it tends to leak all the way to the top. McKinsey & Company says women experience pipeline leakage at three primary points: being unable to enter, being stuck in the middle or being locked out of the top. Each pipeline pain point presents its own challenges, but also opportunities to stop the leak. Wireless operator Sprint is making a conscious effort to improve its own pipeline from new recruits to the C-suite, and it wants the rest of the industry to do the same. In this Women in Comms radio show, WiC Board Member and Sprint Vice President of Enterprise Sales Nelly Pitocco will give us her take on the industry's pipeline challenges. Pitocco, who joined Sprint in May and has spent 20 years in the comms industry, will also offer solutions, share how Sprint is tackling the challenge within its own organization and take your questions live on air.