Light Reading

Eurobites: Monsieur Iliad Flashes Cash in Monaco

Paul Rainford
4/25/2014
50%
50%

Also in today's EMEA regional roundup: Slim looks to eastern Europe; KPN's Dutch mobile business implodes; Nokia/Microsoft deal closes.

  • Xavier Niel, the billionaire founder of, and still major stakeholder in, French mobile operator Iliad (Euronext: ILD), has bought a majority stake in Monaco Telecom . Niel paid €321.7 million (US$445 million) for Cable & Wireless Communications plc (London: CWC)'s 55% stake in the operator, which is the market leader in the cash-soaked principality in the south of France. Niel's Iliad, through its Free Mobile brand, has been shaking up the French mobile market over the last couple of years with its discounted tariffs, and has been in talks this month over the possible acquisition of larger rival Bouygues Telecom . (See C&W Comms Sells Its Stake in Monaco Telecom and Free Disrupts French Mobile Market.)

  • And on the subject of billionaires, Carlos Slim is set to use his new-found control of Telekom Austria AG (NYSE: TKA; Vienna: TKA) as a base for expansion in central and eastern Europe, according to this Reuters report. A shareholder agreement that effectively hands control of Telekom Austria to Slim's América Móvil S.A. de C.V. was approved by Austria's state holding company earlier this week.

  • And lo, it came to pass: Nokia Corp. (NYSE: NOK) has completed the sale of its Devices & Services business to Microsoft Corp. (Nasdaq: MSFT). In a statement, Nokia said that it now expected the total transaction price to be slightly higher than the previously announced €5.44 billion ($7.52 billion) after final adjustments have been made. Will it prove to be a bargain or a money-pit?

  • KPN Telecom NV (NYSE: KPN), which managed to fend off a takeover bid from Carlos Slim, saw overall its EBITDA (earnings before interest, tax and other stuff) fall 21% year-on-year to €621 million ($858.2 million) in its first quarter, with, as Reuters reports, its Dutch consumer mobile business taking a particularly heavy hit. Revenues were also down notably, by 8.2% year-on-year to €2 billion ($2.77 billion). The operator has just completed its 4G rollout in the Netherlands -- maybe this can help it make up for lost ground. (See Euronews: KPN Foundation Blocks Slim's Bid.)

  • Also on the financial down-escalator is Nordic operator Tele2 AB (Nasdaq: TLTO), which has seen first-quarter revenues slip 3% to 7.1 billion Swedish kronor ($1.0 billion), and EBITDA (earnings before interest, tax, depreciation and amortization) fall 7% to SEK1.3 billion ($197 million). Earlier this year Tele2 sold its residential cable and fiber business to Norway's Telenor ASA (Nasdaq: TELN) for SEK793 million ($120 million). For more details, here's the interim report in full.

  • Swisscom AG (NYSE: SCM) has offered 230 million Swiss francs ($260 million) to take control of phone directories firm local.ch, which is currently owned by PubliGroupe. If the deal goes ahead, Swisscom will inherit an 800-strong workforce.

  • The North Wales seaside resort of Rhyl has been declared the 200th town in the UK to benefit from EE 's 4G rollout. EE now claims to have 2 million customers signed up to its 4G service, 18 months since its launch.

    Pitcuresque Rhyl: Surprisingly quiet at this time of year.
    Pitcuresque Rhyl: Surprisingly quiet at this time of year.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (2)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Kruz
    50%
    50%
    Kruz,
    User Rank: Light Sabre
    4/29/2014 | 10:41:56 AM
    money-pit?
    With cash in hands, MSFT can afford to have it as a money pit for a while provided it sets a clear roadmap for the handset division moving forward.
    nasimson
    50%
    50%
    nasimson,
    User Rank: Light Sabre
    4/28/2014 | 11:56:57 PM
    far and wide
    200 towns covered by LTE in 18 months. That's LTE coverage far and wide in UK. So anybody in LR community from UK who can comment on how this has changed lives of the citizens.
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    From The Founder
    Against the odds, Huawei is growing its telecoms networking equipment business in the US -- that should be ringing some alarm bells for domestic vendors.
    Flash Poll
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    Telecom Innovators Video Showcase
    Nominum on Leveraging the Power of DNS to Deliver Superior Subscriber Experiences

    9|2|15   |   07:13   |   (0) comments


    Nominum CEO Gary Messiana talks about the challenges service providers face in competing for a much more sophisticated customer, a customer that has heightened expectations for more personalized and compelling digital experiences. Providers are focusing their efforts on delivering higher value subscriber services, retaining their existing customers and increasing ...
    Between the CEOs
    CEO Chat With Jeff Miller, ActiveVideo

    8|28|15   |   19:05   |   (0) comments


    Jeff Miller, President and CEO of ActiveVideo, talks to Light Reading founder and CEO Steve Saunders about the impact of virtualization on the TV and video distribution market.
    LRTV Huawei Video Resource Center
    Vodafone: Mobile Money Is About Customer Trust

    8|27|15   |   06.36   |   (0) comments


    Light Reading spoke with Vodafone's Ian Ravenscroft about the unique responsibilities and opportunities facing operators handling customers' financial transactions over the network.
    Telecom Innovators Video Showcase
    Palo Alto Networks on Expanding in the Carrier/Service Provider Market

    8|26|15   |   07:54   |   (0) comments


    Alfred Lee from Palo Alto Networks tells Steve Saunders about their new chassis-based system, the PA-7080, and how it can benefit service providers compared to legacy firewalls.
    LRTV Custom TV
    Global Services Forum Preview

    8|25|15   |   02:36   |   (0) comments


    Light Reading's CEO and Founder Steve Saunders talks about Huawei's upcoming Global Services Forum with the help of Heavy Reading's Patrick Donegan and Teresa Mastrangelo.
    Telecom Innovators Video Showcase
    Infoblox on DNS Threat Index

    8|19|15   |   04:39   |   (0) comments


    Dilip Pillaipakam from Infoblox talks to Steve Saunders about his company's core network services.
    Between the CEOs
    CEO Chat With Ihab Tarazi, Equinix

    8|14|15   |   20:18   |   (1) comment


    Equinix CTO Ihab Tarazi talks to Light Reading founder and CEO Steve Saunders about the dramatic changes in the data center, cloud and interconnect markets and discusses the impact of SDN and NFV in the coming years.
    Telecom Innovators Video Showcase
    The Netformx Ecosystem

    8|14|15   |   09:39   |   (1) comment


    Ittai Bareket, CEO of Netformx, talks with Steve Saunders about the Netformx Ecosystem, which employs cutting-edge prescriptive analytics to help solution providers maximize profits.
    Telecom Innovators Video Showcase
    Versa Networks on Leveraging VNFs

    8|12|15   |   07:37   |   (0) comments


    Kumar Mehta, founder and CEO of stealth mode startup Versa Networks, talks with Steve Saunders about how providers can best leverage virtualized network functions (VNFs).
    LRTV Custom TV
    Transforming the Network Through OPNFV

    8|5|15   |   7:09   |   (0) comments


    Sandra Rivera, VP Data Center Group; GM Network Platforms Group, Intel Corporation, on OPNFV Arno and how the industry is coming together to accelerate the deployment of NFV and transform the network.
    LRTV Huawei Video Resource Center
    Huawei ONS Product Demo

    8|3|15   |   6:01   |   (0) comments


    Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
    LRTV Custom TV
    End-User or Enterprise Benefits to the New IP

    7|30|15   |   04:27   |   (1) comment


    Andrew Coward discusses what the New IP means to end users or enterprise customers. He explains compelling reasons, including how every customer can get their own network, from the transformation to the New IP.
    Upcoming Live Events
    September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 2015, The Westin Galleria Dallas, Dallas, TX
    September 16, 2015, The Westin Galleria Dallas, Dallas, TX
    September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
    October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
    November 5, 2015, Hilton Santa Clara, Santa Clara, CA
    November 17, 2015, Santa Clara, California
    December 1, 2015, The Westin Times Square, New York City
    December 2, 2015, The Westin Times Square, New York City
    All Upcoming Live Events
    Infographics
    Cisco's cloud and virtualization portfolio can increase business agility and innovation by building a more flexible network architecture.
    Hot Topics
    T-Mobile CEO Plays Data Traffic Cop
    Sarah Thomas, Editorial Operations Director, 8/31/2015
    CEO Chat With Bill Gates
    Steve Saunders, CEO and founder, Light Reading, 8/31/2015
    Time to Monetize Cable WiFi
    Alan Breznick, Cable/Video Practice Leader, 8/31/2015
    New Apple TV: More $$, Not Content – Report
    Mari Silbey, Senior Editor, Cable/Video, 8/31/2015
    Ex-AlcaLu Boss Tasked With Bolstering Altice
    Iain Morris, News Editor, 9/1/2015
    Like Us on Facebook
    Twitter Feed
    September 16, 2015
    Wi-Fi First or Second?
    September 22, 2015
    Media Begins With “Me”
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    The scene: Last Saturday, lunchtime, the interior of a shi-shi-foo-foo eatery in Manhattan's SoHo district.
    Jeff Miller, President and CEO of ActiveVideo, talks to Light Reading founder and CEO Steve Saunders about the impact of virtualization on the TV and video distribution market.
    Cats with Phones
    Tastes Like Fish Click Here
    Please hold while I lick the phone.