& 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
    From The Founder
    The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
    Flash Poll
    Live Streaming Video
    The Real-World View of Service Provider Innovation
    Executives from Deutsch Telekom, Facebook, AT&T, Vodafone, and Masergy share insights from their company’s major transformation efforts and updates on key issues including open source, managed cloud connections and 5G.
    LRTV Documentaries
    Light Reading Hall of Fame 2016

    5|23|16   |   05:43   |   (0) comments


    Find out who has been welcomed into Light Reading's Hall of Fame this year.
    LRTV Custom TV
    ZTE TM Forum Highlights

    5|23|16   |     |   (0) comments


    ZTE showcased its new ICT solutions at TM Forum in Nice.
    LRTV Interviews
    Gamma's MD on the Emergence of UC2

    5|20|16   |     |   (0) comments


    Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
    LRTV Custom TV
    The Ultimate 5-Minute Guide to Digital Customer Engagement

    5|20|16   |     |   (0) comments


    In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
    LRTV Custom TV
    NFV in 2016: Part 1 – NFV Use Cases Get Real

    5|19|16   |   05:57   |   (0) comments


    Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 3

    5|19|16   |     |   (0) comments


    Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Level 3: Why UC Is In Demand

    5|17|16   |   04:12   |   (1) comment


    Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
    LRTV Custom TV
    ARM's OPNFV Action

    5|17|16   |     |   (0) comments


    At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 2

    5|16|16   |     |   (0) comments


    Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Interoute CTO on NFV's Maturity

    5|13|16   |   06:46   |   (1) comment


    Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
    LRTV Huawei Video Resource Center
    UBBS 2016 Highlights

    5|12|16   |     |   (0) comments


    Highlights of Huawei's UBBS event in Hong Kong.
    LRTV Huawei Video Resource Center
    European 2020 Digital Agenda

    5|12|16   |     |   (0) comments


    Anacom's Fatima Barros discusses the plan to bring ultrafast broadband to Portugal by 2020.
    Upcoming Live Events
    May 24-25, 2016, Austin Convention Center, Austin, TX
    September 13-14, 2016, The Curtis Hotel, Denver, CO
    December 6-8, 2016,
    June 16-18, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    A new survey conducted by Heavy Reading and TM Forum shows that CSPs around the world see the move to digital operations as a necessary part of their overall virtualization strategies.
    Hot Topics
    WiCipedia: Short Skirts & Back-Up Plans
    Eryn Leavens, Special Features & Copy Editor, 5/20/2016
    Nokia Plays It Smart With Major Mobile Devices Brand Deal
    Iain Morris, News Editor, 5/18/2016
    Eurobites: Be More European, EU Tells Streaming Services
    Paul Rainford, Assistant Editor, Europe, 5/20/2016
    Google Doubles Down on Machine Learning, AI
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 5/19/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    In this latest installment of the CEO Chat series, Craig Labovitz, co-founder and CEO of Deepfield, sits down with Light Reading's Steve Saunders in Light Reading's New York City office to discuss how Deepfield fits in with the big data trend and more.
    Grant van Rooyen, president and CEO of Cologix, sits down with Steve Saunders, founder and CEO of Light Reading, in the vendor's New Jersey facility to offer an inside look at the company's success story and discuss the importance of security in the telecom industry.
    Animals with Phones
    Live Digital Audio

    Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.