Light Reading
Also in today's EMEA regional roundup: Liberty Global gets Euro/LatAm boost; Telecom Italia revenues down 11%; M2M developments.

Eurobites: DT Down on Sprint's Withdrawal

Paul Rainford
8/6/2014
50%
50%

Also in today's EMEA regional roundup: Liberty Global gets Euro/LatAm boost; Telecom Italia revenues down 11%; M2M developments.

  • Deutsche Telekom AG (NYSE: DT) is feeling the fallout from Sprint Corp. (NYSE: S)'s decision to abandon talks over a possible purchase of T-Mobile US Inc. , the German giant's American arm. As Bloomberg reports, shares fell by the most they had done in a year, more than 5%, on the back of the Sprint news. Trading was down 2.2% at €11.52 Wednesday lunchtime on the Frankfurt exchange. T-Mobile had earlier rejected a $15 billion bid from French upstart Iliad (Euronext: ILD). (See Sprint Drops Bid for T-Mobile – Reports and T-Mobile Rejects Initial Iliad Bid – WSJ.)

  • Liberty Global Inc. (Nasdaq: LBTY), which last year bought the UK's Virgin Media and is currently trying to bolster its European presence by acquiring Dutch cable operator Ziggo B.V. , saw second-quarter revenues rise 51% year-on-year to $4.6 billion, with much of that growth coming from the addition of Virgin's income. According to a company statement, strong results in Germany, the UK, Belgium and Latin America helped drive growth.

  • It's not such a bright picture at Telecom Italia SpA (NYSE: TI), where revenues fell 11.2% year-on-year to €10.55 billion ($14.07 billion) in the first half of 2014. The operator blamed the disappointing figures on "recessionary tensions" in the domestic market, and an economic slowdown in Latin America.

  • Also heading south, results-wise, is Russia's VimpelCom Ltd. (NYSE: VIP), which posted second-quarter net profits down 83% year-on-year to $100 million, on revenues down 11% to $5.07 billion, reports Reuters. The operator pointed the finger at tough economic conditions domestically, as well as the current turmoil in Ukraine.

  • Still in Russia, state-controlled operator Rostelecom says it has put the finishing touches to its mobile joint venture with Sweden's Tele2 AB (Nasdaq: TLTO), reports Reuters.

  • Telit Communications Plc , the Indian M2M specialist, has become the latest company to sign up to Telefónica SA (NYSE: TEF)'s M2M Channel Partner Programme. The move means that Telit will be able to offer local Telefónica connectivity services to customers in Europe and Latin America.

  • Virgin Media Inc. (Nasdaq: VMED) has begun work on what it says is the largest single expansion of its network since the company launched in 2007. Virgin is extending the reach of its 152 Mbit/s fiber network -- which feeds its TiVo-based TV service -- to 100,000 homes in East London.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (1)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    Ray@LR
    50%
    50%
    Ray@LR,
    User Rank: Blogger
    8/6/2014 | 1:14:46 PM
    Will T-Mobile USA ever get bought?
    Maybe DT will be a player in the US for longer than it had hoped...
    Flash Poll
    From The Founder
    Is your network built on 'The Old IP,' or are you part of 'The New IP' revolution?
    LRTV Documentaries
    A Cultural Shift for an OTT World

    9|26|14   |   01:41   |   (3) comments


    Telcos need to embrace a new approach to partnerships if they are to generate extra revenues quickly and give customers what they want.
    LRTV Documentaries
    New Skills Needed as Telecom, IT Collide

    9|26|14   |   4:07   |   (1) comment


    As telecom and IT collide, new technologies are emerging, new skills are needed and new opportunities for women are arising.
    UBB Forum News
    Do IP Networks Need An Overhaul?

    9|25|14   |   02:01   |   (0) comments


    As traffic levels ramp, do IP networks need new technologies and topologies?
    LRTV Documentaries
    Sprint Wields Its Influence in the Valley

    9|25|14   |   3:09   |   (11) comments


    Anne-Louise Kardas, Sprint's connection to startups in the Valley, explains how telcos can be innovative and find new opportunities with partners.
    LRTV Documentaries
    SDN, NFV & The Future of XO's Network

    9|25|14   |   3:47   |   (0) comments


    XO Communications COO Don MacNeil explains how cloud, SDN and NFV are altering its network requirements as well as changing data centers of the future.
    UBB Forum News
    The OTT Conundrum

    9|24|14   |   01:39   |   (0) comments


    What is holding back prosperous partnerships between telcos and the OTT players?
    LRTV Documentaries
    Putting Broadband to Work

    9|24|14   |   01:26   |   (0) comments


    High-speed broadband network rollout is key to telco strategies, but it's what happens after the network is built that counts.
    Light Reedy
    Light Reading's Women in Telecom Recap

    9|24|14   |   0:55   |   (4) comments


    Our first Women in Telecom breakfast was a huge success, and we hope you'll join us in London for the next event on November 6.
    UBB Forum News
    Monetizing Ultra-Broadband

    9|24|14   |   01:43   |   (2) comments


    Ultra-broadband networks need to be built, with fiber-to-the-premises the ultimate goal, but they need to be monetized, too.
    LRTV Huawei Video Resource Center
    Sales Director of INIT on Plug & Play Switch Devices

    9|19|14   |   3:21   |   (0) comments


    INIT Italy uses both the Huawei S5700 and S7700 series switches for the campus LAN environment. Sales Director Andrea Curti says their company chose these Huawei devices over others because of their performance, flexible scalability and plug-and-play features.
    LRTV Huawei Video Resource Center
    Saudi Arabia Upgrades Vocational Training System

    9|19|14   |   3:31   |   (0) comments


    The Technical and Vocational Training Corporation (TVTC) has 100,000 students, 150 government-owned institutions and oversees 1000 private institutes. The CIO of TVTC explains that Huawei devices have allowed them to manage multiple datacenters using just one software program, scientifically tracking the progress of students and teachers, saving them millions.
    LRTV Huawei Video Resource Center
    Huawei's Media Solutions Are Here to Stay

    9|19|14   |   4:35   |   (0) comments


    The current media revolution requires rapid upgrades in technology. New formats (HD, 3D, 4K etc.) and the subsequent explosion of file sizes demand sophisticated network and storage architecture. Social media and the multiple distribution channels require a robust asset management system. Gartner analyst Venecia Liu speaks about the current technological trends in ...
    Upcoming Live Events
    October 29, 2014, New York City
    November 6, 2014, Santa Clara
    November 11, 2014, Atlanta, GA
    December 2, 2014, New York City
    December 3, 2014, New York City
    December 9-10, 2014, Reykjavik, Iceland
    June 9-10, 2015, Chicago, IL
    Infographics
    Half of the world's population will be connected to the Internet by 2017, but not just by smartphones and desktops.
    Hot Topics
    Facebook Pokes Around LTE Direct
    Sarah Reedy, Senior Editor, 9/25/2014
    Sprint Wields Its Influence in the Valley
    Sarah Reedy, Senior Editor, 9/25/2014
    Is Redbox Instant Shutting Down?
    Mari Silbey, Independent Technology Editor, 9/30/2014
    US Ignite Cultivates Gigabit Apps
    Jason Meyers, Senior Editor, Utility Communications/IoT, 9/25/2014
    Like Us on Facebook
    Twitter Feed