& cplSiteName &

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?)

  • Sky (NYSE, London: SKY)'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 eir 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        ADD A COMMENT
    From The Founder
    Either we perform a complete 'factory reset' on the way the telecom industry creates and deploys virtualization, or we face the consequences.
    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 Custom TV
    The Urgency of Commercial 5G Services

    4|26|17   |     |   (0) comments


    The progress of 5G has been closely monitored in the industry. At the 2017 Brooklyn 5G Summit, the sense of urgency for a commercial 5G launch had started to surface among operators.
    Women in Comms Introduction Videos
    How Diversity Helps Comcast Mirror Its Customer Base

    4|26|17   |   2:55   |   (0) comments


    Diversity brings innovation, creative ideas and a way to reflect the broad spectrum of your customer base, Comcast Director of Customer Experience Jenelle Champlin says.
    LRTV Huawei Video Resource Center
    Mobile Operators & Video

    4|25|17   |     |   (0) comments


    Ovum's Ed Barton discusses the latest mobile operator strategies for mobile video.
    LRTV Custom TV
    Infinera Introduces Instant Network

    4|20|17   |     |   (1) comment


    Mike Capuano, vice president of marketing at Infinera, discusses the advancement from Instant Bandwidth to new Instant Network capabilities, which include Bandwidth License Pools, Moveable Licenses and Automated Capacity Engineering (ACE).
    Women in Comms Introduction Videos
    Vodafone's Eubank on Sponsors, Mentors & Moving On Up

    4|19|17   |   4:25   |   (0) comments


    Vodafone America's Head of Operations Kimberly Eubank breaks down the difference between a sponsor and a mentor and shares why both made a big difference in her career.
    LRTV Custom TV
    NYC Auto Show: Are We Smart Yet?

    4|18|17   |     |   (0) comments


    The auto industry is facing some big transformations as electric vehicles, autonomous technology and connected cars are seen as the future of the industry. During the much-anticipated NY international auto show, there was an emergence of new technology and mobility service on the show floor. Aside from performance, brands like Lincoln, Hyundai, Honda, Mercedes and ...
    LRTV Huawei Video Resource Center
    The Impact of Video

    4|18|17   |     |   (0) comments


    David Mercer from Strategy Analytics discusses the impact of video on current strategies.
    LRTV Custom TV
    Pardeep Kohli Discusses Network Transformation & the Market Opportunity for the 'New' Mavenir Systems

    4|13|17   |     |   (0) comments


    In a brief discussion at MWC 2017, Heavy Reading analyst Adi Kishore talks to Pardeep Kohli, CEO, Mavenir Systems about the creation of the 'new Mavenir' and some of the key challenges facing operators in today's market. A key theme of the discussion centers around operator need for software-only, virtualized solutions and how they will need to adapt to ...
    Women in Comms Introduction Videos
    Tech Maverick Shares Her Tips for Gender Inclusivity

    4|12|17   |   7:28   |   (0) comments


    Wendy Hall Bohling, a corporate escapee, author and gender exclusivity consultant, tells her story of sexism, bias and progress along the road to gender equality in the workforce.
    LRTV Huawei Video Resource Center
    Huawei at MWC 2017

    4|11|17   |     |   (0) comments


    At Mobile World Congress 2017, the biggest mobile industry gathering of the year, Huawei showcased its new innovations and solutions with the theme "Open Road," which focuses on cloud, 5G, operation transformation, videos and consumer-oriented products. Its campaign has been recognized by three awards given by GSMA.
    LRTV Custom TV
    China Telecom NFV Infrastructure on RSD

    4|6|17   |     |   (0) comments


    Lynn Comp, senior director of market development of Intel, is joined by Chong Zhang, storage engineer at Inspur and Ou Li Yan, architect for technology strategies of China Telecom, for a discussion of what NFV brings.
    LRTV Custom TV
    Nokia's IMPACT Software Demo

    4|6|17   |     |   (0) comments


    Khamis Abulgubein of IoT market development at Nokia demonstrates IMPACT (intelligent management platform for all connected things), a software solution with a horizontal approach to managing any device on any application.
    Upcoming Live Events
    May 15-17, 2017, Austin Convention Center, Austin, TX
    May 15, 2017, Brazos Hall - Austin, TX
    May 15, 2017, Austin Convention Center - Austin, TX
    June 6, 2017, The Joule Hotel, Dallas, 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
    Surprise! AT&T Markets 4G Advances as '5G Evolution'
    Dan Jones, Mobile Editor, 4/25/2017
    Did Verizon Outbid AT&T for Straight Path?
    Dan Jones, Mobile Editor, 4/25/2017
    First Year TIPs the Scale Toward Success
    Denise Culver, 4/24/2017
    Ericsson's Q1 Even Worse Than Feared
    Iain Morris, News Editor, 4/25/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    One of the nice bits of my job (other than the teeny tiny salary, obviously) is that I get to pick and choose who I interview for this slot on the Light Reading home ...
    TEOCO Founder and CEO Atul Jain talks to Light Reading Founder and CEO Steve Saunders about the challenges around cost control and service monetization in the mobile and IoT sectors.
    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.