Light Reading

Euronews: VOD Rises on Verizon Buyout Chat

Ray Le Maistre

Vodafone Group plc, Verizon Communications Inc., Alcatel-Lucent, Intersec, Telekom Austria AG and Virgin Media Business Ltd. are the star turns in today's news cabaret.

  • One of the industry's boomerang stories (each year it swings back around) is in circulation. … Verizon CEO Lowell McAdam has said that the U.S. carrier might buy Vodafone's 45 percent stake in Verizon Wireless, a holding that is currently worth more than US$100 billion, according to this Bloomberg report. Vodafone's share price increased by 2.5 percent to 163.6 pence on the London Stock Exchange Tuesday morning.

  • Alcatel-Lucent has teamed up with Intersec to develop a global "GeoMarketing" service that will enable mobile operators to provide location-based advertising capabilities to their enterprise customers. The service is being developed using AlcaLu's Optism hosting system (first unveiled in 2010) and Intersec's Igloo geolocation capabilities. (See AlcaLu Unveils Mobile Ad Platform.)

  • Telekom Austria is expecting a tough 2013, predicting that its full-year group revenues will decline slightly year-on-year to €4.1 billion ($5.4 billion). It declined to predict profit levels because of "low visibility in its major markets." For more details, see this Bloomberg article. The operator's gloomy outlook for this year tallies with the forecast issued Monday by Fitch Ratings Ltd. (See Euronews: Fitch Warns of Tough Year for CSPs.

  • According to research conducted by British corporate services specialist Virgin Media Business, which questioned 500 U.K. CIOs, 51 percent of U.K. secure IT networks were breached due to employees using personal devices during 2012. For more on the results of the survey see this media release, and for more on the topic read Rise to the BYOD Challenge.

    — Ray Le Maistre, International Managing Editor, Light Reading

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