In Monday's EMEA mash-up: MegaFon starts LTE rollout; Vodafone makes formal offer for C&WW; Calix scores in UK's curly-sausage country

Paul Rainford, Assistant Editor, Europe

April 23, 2012

2 Min Read
Euronews: More 4G for Russia

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

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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