Light Reading

Euronews: More 4G for Russia

Paul Rainford

MegaFon , Vodafone Group plc (NYSE: VOD) and Cable & Wireless Worldwide plc (London: CW) start the week in today's helping of EMEA headlines.

  • MegaFon has begun its rollout of Long Term Evolution (LTE) in Russia with a launch of services in Novosibirsk. The cities of Moscow, Krasnodar and Sochi are next on MegaFon's LTE hit-list. (See MegaFon Launches LTE in Russia, Russian Into LTE, TeliaSonera in MegaFon Talks and Russian Ops to Share LTE Network.)

  • The board of Cable & Wireless Worldwide has accepted and recommended Vodafone's offer of £1.044 billion (US$1.68 billion). The London Stock Exchange certainly liked the news: C&WW's share price rose by more than 16 percent to 37.25 pence in early Monday morning trading. (See Vodafone Offers £1B for C&W Worldwide, Vodafone to Buy C&WW and Euronews: Vodafone Eyes M&A Opportunity.)

  • Mobile chip joint venture ST-Ericsson is due to make a significant announcement later today that could include news of site closures and job cuts, reports Reuters. (See Euronews: ST-Ericsson Shuffles Its Pack and Ericsson Suffers Margin Crunch.)

  • Orange (NYSE: FTE) has received the all-clear to make an offer for a stake in Egyptian operator Mobinil . The French giant, which is keeping an eye on emerging markets as competition increases at home, plans to buy most of the stake currently held by Orascom Telecom Media and Technology for a price of €1.5 billion (US$2 billion). (See France Telecom Gets Approval for Mobinil Offer, Euronews: France Telecom Profits Slip in 2011, Euronews: France Telecom to Sell Euro Assets and Euronews: France Telecom Outlines Masterplan.)

  • Interoute Communications Ltd. , which describes itself as the operator of Europe's largest cloud services platform, saw its revenues for the 2011 financial year rise 24 percent year-on-year to €366 million ($481 million) and profits rise to €7.6 million ($9.9 million). (See Interoute Ramps Revenues 24% to €366M and Euronews: Interoute Boasts 20% Growth.)

  • The hardy souls inhabiting the windswept heights of Alston Moor in the northern English county of Cumbria are to benefit from a GPON-powered "Cybermoor" fiber initiative, which will incorporate the ESAP Ethernet service access platform from Calix. All that and curly sausages too... (See Calix Deployed in UK and Calix's Carl Russo: Focus on the Customer.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    User Rank: Light Beer
    12/5/2012 | 5:35:28 PM
    re: Euronews: More 4G for Russia

    Britain has a food minister?!

    User Rank: Light Beer
    12/5/2012 | 5:35:27 PM
    re: Euronews: More 4G for Russia

    Yes, although he is more commonly referred to as the 'Gravy Tsar'.

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