Light Reading

Euronews: Com Hem Edges Towards IPO

Paul Rainford
1/24/2014
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Also in today's EMEA regional roundup: Telefónica refinances; KPN faces €30 million fine; Ziggo latest; BT invests in urban fiber.

  • The management of Sweden's largest cable operator, Com Hem AB , are in talks with its owner, private equity firm BC Partners , about a possible IPO, according to a Bloomberg report. Com Hem made the news earlier this week by announcing that all of its TiVo subscribers could access Netflix, the movie streaming service. (See Com Hem Rolls Out Netflix.)

  • Telefónica SA (NYSE: TEF) is looking to refinance €5 billion (US$6.8 billion) of debt with a view to some potential M&A action in Brazil, according to a Reuters report that cites Expansion. Last year the Spanish giant chipped away at its debt pile by selling a 40% stake in its operations in several Central American countries for $500 million. (See Euronews: Telefónica Raises $500M in Asset Sale.)

  • Dutch incumbent KPN Telecom NV (NYSE: KPN) has been hit with a monster €30 million ($41 million) fine by the domestic regulator for preventing fair competition in a contract tender, reports Reuters. The government contract, worth around €140 million ($191 million), eventually went to Tele2.

  • Still in the Netherlands, Dutch cable operator Ziggo B.V. , which looks likely to fall into Liberty Global Inc. (Nasdaq: LBTY)'s hands before too long, reported fourth-quarter earnings up 2.1% year-on-year to €222.8 million ($305 million). Liberty Global already owns slightly less than 30% of Ziggo.

  • BT Group plc (NYSE: BT; London: BTA) is investing an additional £50 million ($83 million) in its FTTx rollout, focusing on city cabinets that serve multi-dwelling units and laying fiber to new-build sites in cities. The investment will be spread over the next three years, and forms part of the state-aided BDUK program. (See BT Pledges £50M More to FTTx.)

  • CGT, the French labor union that counts many employees of Orange (NYSE: FTE) among its number, has proposed a mass strike on February 6. And remember, nobody does a strike quite like the French, especially when tractors are involved…

  • Nokia Networks , which revealed its fourth-quarter financials this week, has been chosen as the sole 4G network supplier by Finland's Elisa Corp. in a five-year deal. Under the terms of the contract, NSN will upgrade its NetAct network management system to integrate Elisa's LTE network into its existing framework, as well as implementing its Flexi Multiradio 10 basestations. (See NSN Wins 4G Deal at Elisa .)

  • As if we need another virtual currency after the Bitcoin bit some bums… German gaming company Goodgame Studios has teamed up with NTT DoCoMo Inc. (NYSE: DCM) to dish out "dcoins" to gamers after they download "Empire: Four Kingdoms," which, apparently, has become the most downloaded social game in the Japanese App Store.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    kingcharles
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    kingcharles,
    User Rank: Light Beer
    1/26/2014 | 2:09:14 PM
    Re: Com Hem IPO
    There is a reason for NSN to drop Siemens from the name...

    And by doing so forcing all customers to do the same in their networks :(
    albreznick
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    albreznick,
    User Rank: Blogger
    1/26/2014 | 1:46:36 PM
    Re: Com Hem IPO
    Wow. Say more. Is the Siemens equipment really that bad? 
    kingcharles
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    kingcharles,
    User Rank: Light Beer
    1/24/2014 | 3:52:37 PM
    Re: Com Hem IPO
    I guess they need money to replace their Siemens crap...
    albreznick
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    albreznick,
    User Rank: Blogger
    1/24/2014 | 12:18:17 PM
    Ziggo earnings
    Sounds like a decentearnings report for Ziggo. I wonder if it will help Ziggo improve its bargaining position within the ever-expanding Liberty Global empire once the deal closes.    
    albreznick
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    albreznick,
    User Rank: Blogger
    1/24/2014 | 12:15:39 PM
    Com Hem IPO
    So another European MSO is looking at going public. Jeez, Paul, is there something in the water on your side of the Atlantic or what? Who's left?  
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