& cplSiteName &

Eurobites: Iliad Slumps on T-Mobile Bidding Battle Fears

Ray Le Maistre
8/1/2014
50%
50%

Also in today's regional roundup: Belgacom holds steady and inks new deal with Vodafone; Turkcell ownership battle over.

  • Iliad (Euronext: ILD) saw its share price lose almost 8% of its value on the Paris stock exchange Friday morning, reflecting investor concern that the French operator might get drawn into a bidding battle for T-Mobile US Inc. following its audacious offer for a majority stake in the US service provider. Iliad, best known for disrupting the French market with its Free brand, has offered $15 billion in cash for a 56.6% stake in T-Mobile US, which just reported that it hit 50 million customers, but according to this this Reuters report, it runs the risk of engaging in a bidding war with Sprint Corp. (NYSE: S). (See Iliad Offers $15B for a Stake in T-Mobile, Does T-Mobile Need Sprint to Scale?, T-Mobile Expands VoLTE, Gets Going with 700MHz 4G and Sprint, T-Mobile Settle on $32B Price.)

  • Belgacom SA (Euronext: BELG) generated revenues only slightly down from a year ago at nearly €1.57 billion ($2.1 billion), and reported earnings that were higher than expected due to one-time gains. The near stabilization of revenues is significant, as the operator reported a 6% year-on-year dip in sales for the first quarter, and the general trend among European incumbent operators is for a steady decline in group revenues. See this earnings release and this Marketwatch report for more details.

  • Vodafone Group plc (NYSE: VOD) and Belgacom have renewed their Partner Market agreement in Belgium and Luxembourg for a further three years. In addition to a standard roaming agreement, the partnership provides Vodafone Global Enterprise customers with international managed services through a single point of contact in those countries. The two companies also team up for joint mobile device procurement.

  • A seven-year battle for ownership of Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) appears to be over after conglomerate Cukurova Holding paid Alfa Group US$1.6 billion for a disputed stake in Turkey's biggest mobile operator. See this Reuters article for more.

  • Swedish cable operator Com Hem AB , which staged a successful IPO in June, has been linked to a possible takeover bid for Norway's second largest cabl;e operator, Get, according to Reuters. (See Eurobites: Com Hem Sparks Gold Rush.)

  • 3 Group Europe, the regional mobile business that is part of the Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY) empire, reported improved financials and customer numbers for the first half of 2014. The group, which has operations in Austria, Denmark, Ireland, Italy, Sweden and the UK, had 22.6 million active customers at the end of June, and generated revenues of HK$31.1 billion (US$4 billion) in the first half of the year, up 3% year-on-year. Earnings before interest and tax (EBIT) improved 23% to HK$2.28 billion (US$294 million).

    — Ray Le Maistre, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

    (6)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    ethertype
    50%
    50%
    ethertype,
    User Rank: Light Sabre
    8/3/2014 | 6:56:56 PM
    Iliad: "Oops!"
    Iliad's bid clearly made no sense.  Now the market is telling them so.  Let's see how quickly can they issue another press release with some half-baked cover story for why they're backing out. 
    mendyk
    50%
    50%
    mendyk,
    User Rank: Light Sabre
    8/1/2014 | 1:44:48 PM
    Re: Profile raised....
    A Jersey band. Of course.
    James_B_Crawshaw
    50%
    50%
    James_B_Crawshaw,
    User Rank: Blogger
    8/1/2014 | 1:32:18 PM
    Re: Profile raised....
    Ah yes, Summer Madness was a big hit for KatG back in 1974. Very topical I think ...
    Ray@LR
    50%
    50%
    Ray@LR,
    User Rank: Blogger
    8/1/2014 | 12:33:01 PM
    Re: Profile raised....
    I prefered Kool and the Gang... 
    mendyk
    50%
    50%
    mendyk,
    User Rank: Light Sabre
    8/1/2014 | 12:01:12 PM
    Re: Profile raised....
    Ray -- Given your love of the Greek classics (ouzo, spanikopita, etc.), I am surprised you haven't referred yet to Iliad's Odyssey. That shows great restraint on your part.
    Ray@LR
    50%
    50%
    Ray@LR,
    User Rank: Blogger
    8/1/2014 | 8:07:15 AM
    Profile raised....
    SO everyone in France knows Iliad/Free very well -- now a lot more people globally are paying attention....
    From The Founder
    The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
    Flash Poll
    Live Streaming Video
    Charting the CSP’s Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it’s going from two industry veterans.
    LRTV Custom TV
    Cisco's Innovations in Cable

    5|26|16   |   03:18   |   (0) comments


    Marc Aldrich from Cisco discusses the latest in security, the evolution and momentum for CCAP and what the industry will be seeing next from Cisco.
    LRTV Documentaries
    Leading Lights 2016 Highlights

    5|25|16   |   02:26   |   (1) comment


    Some of the high points from this year's Leading Lights awards dinner at the Hotel Ella in Austin, Texas.
    LRTV Documentaries
    Light Reading Hall of Fame 2016

    5|23|16   |   05:43   |   (0) comments


    Find out who has been welcomed into Light Reading's Hall of Fame this year.
    LRTV Custom TV
    ZTE TM Forum Highlights

    5|23|16   |     |   (0) comments


    ZTE showcased its new ICT solutions at TM Forum in Nice.
    LRTV Interviews
    Gamma's MD on the Emergence of UC2

    5|20|16   |     |   (0) comments


    Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
    LRTV Custom TV
    The Ultimate 5-Minute Guide to Digital Customer Engagement

    5|20|16   |     |   (0) comments


    In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
    LRTV Custom TV
    NFV in 2016: Part 1 – NFV Use Cases Get Real

    5|19|16   |   05:57   |   (0) comments


    Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 3

    5|19|16   |     |   (0) comments


    Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Level 3: Why UC Is In Demand

    5|17|16   |   04:12   |   (1) comment


    Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
    LRTV Custom TV
    ARM's OPNFV Action

    5|17|16   |     |   (0) comments


    At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 2

    5|16|16   |     |   (0) comments


    Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Interoute CTO on NFV's Maturity

    5|13|16   |   06:46   |   (1) comment


    Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
    Upcoming Live Events
    September 13-14, 2016, The Curtis Hotel, Denver, CO
    December 6-8, 2016,
    June 16-18, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    A new survey conducted by Heavy Reading and TM Forum shows that CSPs around the world see the move to digital operations as a necessary part of their overall virtualization strategies.
    Hot Topics
    DT: Telcos Must Escape Vendor Prison
    Iain Morris, News Editor, 5/24/2016
    AT&T to Start 5G 'Friendly' Trial by 2016 End
    Dan Jones, Mobile Editor, 5/24/2016
    Cisco's Patel Hails 'Microculture' Successes
    Iain Morris, News Editor, 5/26/2016
    Cable Is Eyeing Its Retail Options
    Mari Silbey, Senior Editor, Cable/Video, 5/25/2016
    AT&T's Margaret Chiosi Retires
    Ray Le Maistre, Editor-in-chief, 5/25/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    In this latest installment of the CEO Chat series, Craig Labovitz, co-founder and CEO of Deepfield, sits down with Light Reading's Steve Saunders in Light Reading's New York City office to discuss how Deepfield fits in with the big data trend and more.
    Grant van Rooyen, president and CEO of Cologix, sits down with Steve Saunders, founder and CEO of Light Reading, in the vendor's New Jersey facility to offer an inside look at the company's success story and discuss the importance of security in the telecom industry.
    Animals with Phones
    Live Digital Audio

    Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.