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
    Flash Poll
    From The Founder
    Ericsson's Hyperscale Datacenter System (HDS) 8000, featuring Intel's Rack Scale Architecture, caused a stir when it was announced at MWC 2015. For more on this revolutionary product, join me on Thursday, April 30 at 12:00 p.m. EST for a Super Webinar event, A New Hardware Paradigm for the Telco Data Center.
    LRTV Documentaries
    CableLabs' Clarke Updates Cable Virtualization

    4|23|15   |   05:41   |   (1) comment


    Former BT exec now leading CableLabs' NFV and SDN efforts explains key role of open source and updates efforts to virtualize the home network.
    LRTV Interviews
    Ericsson's CTO Talks Transformation: Pt. II

    4|23|15   |   08:19   |   (1) comment


    In the second installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about cultural change, network slicing and technology advances.
    LRTV Interviews
    Ericsson's CTO Talks Transformation: Pt. I

    4|23|15   |   09:27   |   (3) comments


    In the first installment of an in-depth two-part interview, Ericsson's CTO Ulf Ewaldsson talks to Light Reading CEO and founder Steve Saunders about the incredible transformation underway in the communications networking industry.
    LRTV Documentaries
    LTE Paves the Way for the 5G Revolution

    4|20|15   |   4:20   |   (0) comments


    Håkan Andersson, head of 5G product strategy of the Radio Business Unit at Ericsson, discusses the role of LTE, the US and other industry verticals in building a true 5G ecosystem.
    LRTV Documentaries
    The 3GPP's Road to 5G Standardization

    4|17|15   |   4:43   |   (0) comments


    Satoshi Nagata, chairman of the 3GPP's TSG-RAN group and a manager at NTT Docomo, explains the standardization process for 5G, as well as the biggest challenges and opportunities.
    LRTV Documentaries
    AlcaLu CTO Makes the Case for a New 5G Air Interface

    4|16|15   |   3:54   |   (0) comments


    Michael Peeters, CTO of wireless at Alcatel-Lucent, explains why 5G will require a new air interface to meet its diverse performance targets.
    LRTV Documentaries
    AlcaLu + Nokia: The New Uber-Vendor

    4|15|15   |   2:42   |   (4) comments


    Heavy Reading Senior Analyst Gabriel Brown discusses the technological and competitive opportunities and challenges if a merger between Alcatel-Lucent and Nokia comes to pass.
    LRTV Huawei Video Resource Center
    Huawei's Data Center Power Play

    4|15|15   |   6:22   |   (0) comments


    Huawei has developed industry-leading energy efficiency capabilities for its indoor and outdoor data center solutions, explains Dr. Fang Liangzhou, vice president of Huawei's Network Energy product Line.
    LRTV Huawei Video Resource Center
    Huawei’s Routers, Switches Get the Green Mark

    4|15|15   |   2:02   |   (0) comments


    TUV Rheinland's Frank Dudley explains how Huawei's routers and switches have been successfully tested by energy efficiency experts and have gained Green Mark Certification.
    LRTV Documentaries
    A Finn, a Frenchman & a Guy From New Jersey Walk Into a Merger...

    4|15|15   |   3:17   |   (0) comments


    Stop us if you've heard this one before... Light Reading CEO Founder & CEO Steve Saunders weighs in on the technical and cultural implications of a Nokia and Alcatel-Lucent merger.
    LRTV Huawei Video Resource Center
    Accounting for Better Solutions

    4|10|15   |   02:31   |   (1) comment


    Murad Yousuf, CTO at Saudi Arabia's Ministry of Finance (Dept. of Zakat & Income Tax), talks about the benefits of deploying router technology from Huawei.
    LRTV Huawei Video Resource Center
    What's in Store for Huawei & DataCore?

    4|10|15   |   05:44   |   (0) comments


    At the CeBIT trade show in Hannover, Germany, George Teixeira, CEO of software-defined storage (SDS) specialist DataCore Software, explains why he has just signed a partnership agreement with Huawei Technologies.
    Upcoming Live Events
    May 6, 2015, Georgia World Congress, Atlanta, GA
    May 12, 2015, Grand Hyatt, Denver, CO
    May 13-14, 2015, The Westin Peachtree, Atlanta, GA
    June 8, 2015, Chicago, IL
    June 9-10, 2015, Chicago, IL
    June 9, 2015, Chicago, IL
    June 10, 2015, Chicago, IL
    September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
    October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
    November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
    All Upcoming Live Events
    Infographics
    In its latest survey covering network operators' plans and strategies for ICT transformation, Heavy Reading asked telecom operators worldwide to identify the most important goals and objectives for their ICT transformation initiatives. Heavy Reading also asked operators about the importance of a "digital first" strategy, which enables customers to complete an interaction across different digital channels, such as web and mobile self-service and social media.
    Hot Topics
    Comcast Formally Ends Its Bid for TWC
    Mari Silbey, Independent Technology Editor, 4/24/2015
    What if the Comcast Merger Fails?
    Mari Silbey, Independent Technology Editor, 4/20/2015
    Google's WiFi-First Mobile Service 'Fi' Is Here
    Dan Jones, Mobile Editor, 4/22/2015
    Adtran Is Developing White Box GPON Tech
    Ray Le Maistre, Editor-in-chief, 4/24/2015
    Comcast Merger May Hinge on Hulu
    Mari Silbey, Independent Technology Editor, 4/22/2015
    Like Us on Facebook
    Twitter Feed
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    Many leading communications companies can claim to have undergone significant periods of reinvention during their histories, but none have been through more major ...
    Data Center Interconnect, or DCI, is one of the hottest sectors in telecom currently. Since coming back to Light Reading last year, prodigal-son style, I've ...
    Cats with Phones
    Learning Curve Click Here
    Pierre could never remember how to use Excel.
    Latest Comment