Sweden's Net Insight is to sell its Sye consumer streaming business to Amazon, for 350 million Swedish kronor (US$37 million). The deal will bring around 30 more employees and consultants into the Amazon fold. Amazon already uses the Sye platform in some of its live streaming services. According to a Net Insight statement, the deal will allow the company to focus on its core business-to-business operations.

Cellnex is continuing its shopping spree with a deal to buy Portuguese tower sites operator Omtel for €800 million ($890 million). Omtel already operates 3,000 sites -- representing around a quarter of the Portuguese towers market -- and has plans to roll out 400 more over the next four years. Cellnex expects the acquisition to generate an additional €90 million ($100 million) in additional EBITDA (earnings before interest, tax, depreciation and amortization) for the group on a "run rate" basis. Just yesterday (Thursday), French operator Iliad announced that it had completed the sale of mobile tower infrastructure to Cellnex for €2 billion ($2.24 billion). (See Eurobites: Cellnex buys 1,500 tower sites from Orange Spain , Eurobites: Cellnex buys Arqiva's towers unit for £2B and Eurobites: Sunrise offloads towers to Cellnex.)

Europe is leading the way when it comes to smart street lighting, according to a new report from IoT analyst firm Berg Insight. The continent accounts for nearly 40% of the global installed base. In terms of individual vendors, UK-based Telensa is ahead of the pack, with 14.4% of the global installed base of connected endpoints (Q3 2019).

— Paul Rainford, Assistant Editor, Europe, Light Reading