& 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
    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
    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 Documentaries
    Twilight Star Authors AI Paper

    1|24|17   |   00:46   |   (0) comments


    Actress Kristen Stewart, best known for starring in the Twilight movies, has co-authored an academic paper on the use of artificial intelligence (AI) in a short film she has directed.
    LRTV Documentaries
    Apple, Qualcomm Lock Horns Over Licensing

    1|24|17   |   01:07   |   (0) comments


    Industry giants clash over licensing fees.
    LRTV Interviews
    Heavy Reading: The Web-Scale View

    1|18|17   |     |   (0) comments


    At Light Reading's 2020 Vision Executive Summit in Rome, Heavy Reading's former chief analyst Patrick Donegan shared insight from the recent web-scale operators report, which featured research on how web-scale operators view the market, the best web-scale companies to ...
    LRTV Custom TV
    Cisco's Cloud Scale Networking: Automation, Virtualization & Simplification

    1|18|17   |     |   (1) comment


    Cisco's Sanjeev Mervana outlines the latest innovations in networking technology at CES 2017 in Las Vegas.
    LRTV Custom TV
    ADVA Talks Innovation & the Future of Networking

    1|17|17   |     |   (0) comments


    Ray Le Maistre and Christoph Glingener, CTO of ADVA Optical Networking, discuss the current state of the industry, cooperation and collaboration, open innovation and the future of networking.
    LRTV Custom TV
    Cisco's Infinite Video Platform

    1|17|17   |     |   (0) comments


    Cisco's Infinite Video Platform allows service providers to deliver broadcast-quality video over IP networks. Infinite video supports many devices, from 4K TVs to tablets to game consoles. Join Cisco's Rajeev Raman for a brief tour and live demo.
    LRTV Interviews
    Masergy: Ability to Adapt Key for NFV

    1|16|17   |   6:40   |   (0) comments


    Speaking at Light Reading's 2020 Vision in Rome, Masergy's VP, Global Technology, Ray Watson, said agility is key to providing the mix and match NFV-based services that are driving business for the managed service provider today.
    LRTV Interviews
    Equinix: The Data Explosion

    1|13|17   |   4:16   |   (0) comments


    At Light Reading's 2020 Vision in Rome, Eric Schwartz, president of EMEA, Equinix, talked about how Equinix is helping its customers manage the influx of data today, and how it's preparing for a future filled with millions of connected IoT devices.
    LRTV Interviews
    Heavy Reading: The Changing Data Center Landscape

    1|12|17   |   6:05   |   (1) comment


    At Light Reading's 2020 Vision event in Rome, Heavy Reading's Senior Analyst Roz Roseboro talks about how virtualization is impacting data center evolution and how that evolution is affecting the relationship between service providers, data center operators and public cloud providers.
    LRTV Interviews
    Boingo: Prepping for Millions of Devices

    1|12|17   |   5:07   |   (1) comment


    At Light Reading's 2020 Vision in Rome, Boingo's CTO Derek Peterson discusses how wireless operators will address the needs of low-bandwidth and high-bandwidth apps at the same time, the need for more MHz, the impact of IoT and more.
    LRTV Interviews
    Comcast Shows Off Gig Gateway at CES

    1|11|17   |     |   (1) comment


    With its largest presence at CES in years, Comcast took the wraps off its long-awaited gigabit gateway and a new platform for managing the home WiFi network. Light Reading Senior Editor Mari Silbey sat down with EVP Chris Satchell to discuss the latest Comcast advance, and met with VP of Product Strategy and Development Andrea Peiro to walk through a demo of the ...
    LRTV Interviews
    Colt: End-to-End Key for 2017

    1|10|17   |   6:21   |   (0) comments


    At Light Reading's 2020 Vision Executive Summit in Rome, Nico Fischbach of Colt said having a multi-carrier, end-to-end service proposition is going to be key for 2017 -- and SD-WAN is instrumental in making it happen.
    Upcoming Live Events
    March 21-22, 2017, The Curtis Hotel, Denver, CO
    May 15-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    A Women in Comms Glossary
    Sarah Thomas, Director, Women in Comms, 1/18/2017
    Is Cable One Beefing Up for Slaughter?
    Alan Breznick, Cable/Video Practice Leader, Light Reading, 1/20/2017
    Google Security Lessons for IT
    Curtis Franklin, Security Editor, 1/18/2017
    Nokia CTO: 2017 Is the Year 5G Gets in the Field
    Dan Jones, Mobile Editor, 1/19/2017
    Cable Has One Thing Verizon Needs
    Mari Silbey, Senior Editor, Cable/Video, 1/17/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
    Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
    Animals with Phones
    You've Heard of Slow Food? Click Here
    This is slow tech.
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.