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Euronews: 4G Arrives in UK

Ray Le Maistre
10/30/2012
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EE , Telefónica SA (NYSE: TEF) and Allot Communications Ltd. (Nasdaq: ALLT) make the headlines this Tuesday.

  • The U.K.'s largest mobile operator, now known simply as EE, launched its controversial 4G service today in 11 cities (Bristol, Birmingham, Cardiff, Edinburgh, Glasgow, Leeds, Liverpool, London, Manchester, Sheffield and Southampton), so becoming the first British operator to offer widespread commercial LTE-based services. Its pricing and service packages, though, are not so ground-breaking. It is also marketing a fixed broadband service using BT Group plc (NYSE: BT; London: BTA)'s upgraded access infrastructure. (See EE Unveils 4G Price Plans, EE's 4G Phones Go on Sale, Euronews: EE 4G Plan Gets Thumbs-Up and Brits Braced for 4G .)

  • Telefónica Deutschland Holding AG debuted on the Frankfurt exchange Tuesday morning, rising 2.3 percent from the placement price of €5.60 to €5.73. Nearly 259 million shares, about 23.2 percent of the German operator's share capital, was floated, raising €1.45 billion for its Spanish parent. For more on the IPO in Germany, see this Bloomberg article. Telefónica announced its intention to raise money from regional IPOs in May this year. The flotation comes only days after reports surfaced that the Spanish giant might consider splitting itself into two regional units -- Europe and Latin America. (See Telefónica Plans Regional IPOs.)

  • Israeli packet inspection and policy enforcement systems specialist Allot has reported a near 40 percent year-on-year increase in third-quarter revenues to $28 million, in line with analyst expectations. For the full details, see this earnings release.

    — Ray Le Maistre, International Managing Editor, Light Reading

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