Light Reading
Also in today's EMEA regional roundup: BSkyB's profits slip; Virgin considers slow-speed sell-off; Orange not happy about network-sharing deal.

Eurobites: Elop's Golden Parachute Inflates

Paul Rainford
5/1/2014
50%
50%

Also in today's EMEA regional roundup: BSkyB's profits slip; Virgin considers slow-speed sell-off; Orange not happy about network-sharing deal.

  • Expect to see Stephen Elop-shaped effigies burning in Finland tonight: It's been revealed that the pay-off received by the former Nokia Corp. (NYSE: NOK) CEO on his return to the Microsoft Corp. (Nasdaq: MSFT) mothership is even bigger than originally anticipated. The BBC reports that he got $33.5 million -- around 30% higher than the figure first announced, mainly due to an increase in the value of the Nokia shares that form part of the deal. Reports that Elop will be the next face of L'Oréal -- catchline: "Because he's worth it -- are thought to be unfounded. (See Microsoft's Elop Denies He Was a Trojan Horse and Will Elop Return Without the Crown?)

  • BSkyB Ltd. (NYSE, London: BSY)'s fiscal third-quarter operating profits slipped 8.5% year-on-year to £910 million (US$1.5 billion) as it dug deep into its coffers to see off competition in the premium sports content market from BT Group plc (NYSE: BT; London: BTA), reports the Daily Telegraph. This was despite revenues climbing 7% to £5.67 billion ($9.58 billion) and a 74,000 net rise in new TV subscriptions, a stat which flew in the face of predictions from Credit Suisse and Berenberg that subs would shrink back for the first time in more than a decade. (See BT's Got Balls.)

  • Virgin Media Inc. (Nasdaq: VMED) is putting all its eggs in the cable high-speed basket (metaphor ©Eurobites) by lining up the sale of its non-fiber broadband business in the UK, reports the Financial Times (subscription required). The business, called Virgin Media National, is the DSL service that Virgin Media sells in non-cabled areas and counts more than 130,000 customers. It is thought BT and BSkyB are among the potential buyers.

  • Orange (NYSE: FTE) isn't happy about a proposed network-sharing agreement in France between SFR and Bouygues Telecom , reports Reuters, citing French newspaper Les Echos. Orange believes the agreement covers too much of the country, rendering it anti-competitive. Regulator ARCEP is expected to review the complaint.

  • The latest telecom network security scare is in Ireland, where national operator eircom was forced to "lock down" its email service after it detected "an intrusion on the perimeter" of the service on Tuesday. Relevant bodies, including the Office of the Data Protection Commissioner, were alerted, and eircom recommended its email customers change their passwords.

  • Deutsche Telekom AG (NYSE: DT) has reached a pay agreement with labor union Ver.di relating to the 20,000 or so workers in its T-Systems International GmbH enterprise IT unit. Salaries will increase in two steps by a total of 3.5%, starting in June. T-Systems is in the midst of a two-year "transformation program."

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    Flash Poll
    From The Founder
    It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
    LRTV Documentaries
    The Next-Gen Network Disconnect

    10|29|14   |   01:23   |   (0) comments


    There's a lot of talk about making networks more simple with SDN, NFV and next-gen broadband technology – but what about the complexity of introducing such capabilities?
    LRTV Custom TV
    Grow Your VPN Service Revenue

    10|27|14   |   4:00   |   (0) comments


    Watch how CSP product managers can better differentiate and maximize the value of their Internet, VPN and cloud services for business services customers, by adding premium application performance visibility to their data services.
    LRTV Huawei Video Resource Center
    Add SmartSense to Make Your Network Ready for 4K

    10|27|14   |   3:23   |   (0) comments


    To make current networks ready for the coming 4K TV challenges, Huawei SmartSense solution will conveniently add experience and operation capabilities to boost telcos' future business.
    LRTV Huawei Video Resource Center
    NetMatrix: Orchestrate the SDN & NFV World

    10|27|14   |   4:11   |   (0) comments


    Orchestrator is important in SDN/NFV world to make Telcom network automate, open and efficient. NetMatrix, as Huawei SDN/NFV orchestrator solution, has been in deployment and is showing its' value in real scenarios.
    LRTV Huawei Video Resource Center
    Huawei FusionSphere Enabling ICT Transformation

    10|27|14   |   3:21   |   (0) comments


    Jeffrey Gao, Chief Strategy and Marketing Officer of Huawei West Europe Region, talks about the company's future-oriented cloud strategy. Huawei is providing full portfolio of IT architecture and building an open cloud ecosystem with innovative cloud OS FusionSphere to support customers' ICT transformation.
    LRTV Huawei Video Resource Center
    Huawei Partner Interview: StorIT

    10|27|14   |   4:20   |   (0) comments


    An interview with Suren Vendantham of StorIT, a value-added distributor for Huawei in the Middle East region.
    LRTV Huawei Video Resource Center
    Huawei Partner Interview: Optimus

    10|27|14   |   3:14   |   (0) comments


    An interview with Nehul Goradia of Optimus, a value-added distributor for Huawei in the Middle East.
    LRTV Huawei Video Resource Center
    Huawei Partner Interview: Enterprise Solutions

    10|27|14   |   4:57   |   (0) comments


    An interview with Pouya Parsafar of Enterprise Solutions, a valued distributor partner with Huawei.
    LRTV Huawei Video Resource Center
    Huawei Customer Interview: OETC

    10|27|14   |   2:35   |   (0) comments


    An interview with Saif Albadi, of the Oman Electricity Transmissions Company, a government utility in that company that partners with Huawei.
    LRTV Huawei Video Resource Center
    Huawei Customer Interview: Jannah Hotels & Resorts

    10|27|14   |   3:13   |   (0) comments


    An interview with Nehmeh Darwish, CEO of Jannah Hotel & Resorts, about his collaboration with Huawei across five hotels in the United Arab Emirates.
    LRTV Huawei Video Resource Center
    Huawei's Commitment to the Middle East: GITEX 2014 Wrap-up

    10|27|14   |   3:41   |   (0) comments


    Highlights from the Huawei pavilion at GITEX in Dubai, United Arab Emirates, with interviews with current Huawei customers.
    LRTV Huawei Video Resource Center
    Huawei: GITEX 2014 Day 1 Highlights

    10|27|14   |   2:58   |   (0) comments


    Highlights from the Huawei pavilion at GITEX (Gulf Information Technology Exhibition), an annual computer and electronics trade show and conference in Dubai, United Arab Emirates.
    Upcoming Live Events
    November 6, 2014, Santa Clara
    November 11, 2014, Atlanta, GA
    December 2, 2014, New York City
    December 3, 2014, New York City
    December 9-10, 2014, Reykjavik, Iceland
    February 10, 2015, Atlanta, GA
    May 6, 2015, McCormick Convention Center, Chicago, IL
    May 30, 2015, The Westin Peachtree, Atlanta, GA
    June 9-10, 2015, Chicago, IL
    Infographics
    WhoIsHostingThis.com presents six of the world's most extreme WiFi hotspots, enabling the most epic selfies you can imagine.
    Hot Topics
    Microsoft's Skype Embraces WebRTC on IE
    Sarah Reedy, Senior Editor, 10/27/2014
    FTC Slaps AT&T With Throttling Lawsuit
    Sarah Reedy, Senior Editor, 10/28/2014
    AT&T: Merger Review Halt Won't Hurt Us
    Alan Breznick, Cable/Video Practice Leader, 10/23/2014
    China's MVNOs Hit the Wall
    Robert Clark, 10/27/2014
    Roku Raises $25M, But for What?
    Mari Silbey, Independent Technology Editor, 10/23/2014
    Like Us on Facebook
    Twitter Feed