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Euronews: Brussels Holds Fire on China Probe

Paul Rainford

The European Commission, Telecom Italia SpA, Allot Communications Ltd. and Alvarion Ltd. loom large in today's trawl of the EMEA headlines.

  • The European Commission's threatened investigation into what it suspects are illegal trade subsidies given to the likes of Huawei Technologies Co. Ltd. and ZTE Corp. by the Chinese government might be shelved until the outcome of a pending China Mobile Communications Corp. contracts tendering process, according to the Financial Times (subscription required). The report says that EU Commissioner Karel De Gucht is "inclined to bury the case" if European companies land a decent share of the China Mobile projects. (See Euronews: EU Threatens China Probe.)

  • More bad news for ailing Telecom Italia: Its long-term rating has been downgraded from "BBB" to "BBB-" by Fitch Ratings Ltd., meaning that it is just one step away from so-called "junk" status. (See Euronews: Vodafone Sues T Italia for $1.3B.)

  • Allot, the Israeli purveyor of packet inspection and policy enforcement systems, made a loss of US$3.9 million on revenues of $21.5 million in the second quarter, a worse than expected set of numbers partly attributed to a deferred payment relating to a $5 million contract with an "EMEA Tier 1 operator." Allot notes in its earnings release that its order book is running at an "all-time high." (See Allot Lands Tier 1 EMEA Deal.)

  • Still in Israel, WiMax infrastructure firm Alvarion has been updating the world on what is happening since it was placed in receivership: Around 50 employees have been retained while the Receiver looks to sell the company and its assets as a going concern. And new orders for its wares are still being taken, claims Alvarion. (See Alvarion CEO Quits.)

  • Irish Service Provider Information Technology (SPIT) vendor Amartus is launching what it claims is provisioning software designed for use with software-defined networking (SDN). Called Chameleon SDS, the software enables service providers to "fully automate the delivery of dynamic, on-demand network services," according to the company blurb.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Ray Le Maistre
    Ray Le Maistre,
    User Rank: Light Sabre
    8/7/2013 | 7:19:49 AM
    re: Euronews: Brussels Holds Fire on China Probe
    this whole international trade probe situation is turning into a farce. Either judge a situation based on its own standalone criteria or drop it. This is ridiculous.
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