Light Reading

Euronews: ONO Snubs Vodafone, Opts for IPO

Paul Rainford
2/12/2014
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Also in today's EMEA regional roundup: Telenor holds its own; Dutch do their own metadata-snooping; Brussels gets 4G.

  • Spanish cable operator ONO is pushing ahead with plans for an IPO, snubbing the advances of Vodafone Group plc (NYSE: VOD), which was said to have already contacted shareholders with a view to making a bid. Bloomberg reports that ONO's private equity shareholders will meet on March 13 to approve the IPO. ONO is hoping for a valuation in the range of €7 billion (US$9.5 billion) to €8 billion ($10.9 billion). (See Euronews: Vodafone Homes In On ONO and Euronews: Spain's ONO Mulls IPO.)

  • It's a case of "steady as she goes" at Norway-based Telenor ASA (Nasdaq: TELN), which saw fourth-quarter organic revenues rise 1% year-on-year to 27.61 billion Norwegian kroner ($4.5 billion), while EBITDA (earnings before interest, tax, depreciation and amortization) rose 9.6% to NOK8.99 billion ($1.46 billion). India, Pakistan, and Bangladesh were the main growth areas for the operator, though things proved tougher in Eastern Europe. (See Telenor Boasts Improved Margins for 2013.)

  • NSA not to blame for data intercepts shocker! A Dutch cabinet minister has found himself in hot water for pinning the blame for metadata-snooping in the Netherlands on the US intelligence agency, when it was actually home-grown data-eavesdroppers at work, reports Reuters. (See Euronews: Prism Prompts EU Data Rethink and Prism in a Big Data World.)

  • Newly privatized BSS vendor AsiaInfo Inc. (Nasdaq: ASIA) has opened an office in Copenhagen, Denmark, the primary purpose of which is to support its contract with Telenor. (See AsiaInfo-Linkage Goes Private and What's Driving OSS/BSS Growth?)

  • After a long delay caused by regulatory hurdles relating to radio emissions, the city of Brussels has finally got a 4G network, reports Reuters. Belgacom SA (Euronext: BELG) launched the network, which will initially only cover the suburbs of the city, on Tuesday.

  • ACOnet, the Austrian Academic Computer Network, has completed trials of ADVA Optical Networking (Frankfurt: ADV) 's 100G Metro, over a link that connected the University of Salzburg with its counterpart in Vienna. The aim of the trial was to find out if ACOnet could use 100G technology to transport data both domestically and internationally. (See ACOnet Trials ADVA's 100G Metro Gear.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    DHagar
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    DHagar,
    User Rank: Light Sabre
    2/14/2014 | 6:31:23 PM
    Eruonews: ONO Snubs Vodafone, Opts for IPO
    @albreznick - Time will clearly tell how good they are.  My view was that they believe they are good enough to deliver and/or create new value.  They are betting on their abilities, so we will see.

    DHagar
    albreznick
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    albreznick,
    User Rank: Blogger
    2/14/2014 | 6:24:48 PM
    Re: Euronews: ONO Snubs Vodafone, Opts for IPO
    How much more value do you think they can create for themselves? How good an operator is ONO? 
    albreznick
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    albreznick,
    User Rank: Blogger
    2/14/2014 | 6:23:21 PM
    Re: Poor Liberty Global and Vodafone
    Or maybe they're just hoping for a bidding war to erupt between the two giants. 
    DHagar
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    DHagar,
    User Rank: Light Sabre
    2/12/2014 | 4:53:48 PM
    Euronews: ONO Snubs Vodafone, Opts for IPO
    @TaraSeals, sounds like a smart move where they establish the value they hold in the market and then create additional value/demand and market share.

    DHagar
    TaraSeals
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    TaraSeals,
    User Rank: Light Sabre
    2/12/2014 | 3:50:38 PM
    Poor Liberty Global and Vodafone
    Looks like ONO believes that the valuations in the market will hold! 
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