Light Reading

Eurobites: Telefónica Sweetens E-Plus Deal

Paul Rainford
5/2/2014
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Also in today's EMEA regional roundup: new exec line-up at TeliaSonera; BT's man in sub-Saharan Africa; BSkyB does deal with Paramount.

  • Telefónica Deutschland GmbH has submitted a modified package of concessions to the European Commission in a bid to win approval for its planned takeover of KPN Telecom NV (NYSE: KPN)'s German unit, E-Plus Service GmbH & Co. KG , reports Reuters. Interested parties now have until May 5 to respond to the revised measures, which are intended to allay concerns about the reduced level of competition in the German mobile market should the €8.6 billion (US$11.9 billion) deal go through. If it does get the nod from Brussels, the combined business would become Germany's largest mobile operator by subscribers, with around 43 million customers (first-quarter 2013 numbers) and a 38% market share. (See Euronews: EC to Thwart Telefónica's German M&A Plan? and Euronews: KPN to Sell E-Plus for €8.1B.)

  • A few months on from replacing its CFO following financial shenanigans at its Eurasian unit, Nordic operator TeliaSonera AB (Nasdaq: TLSN) is making more executive changes. Henriette Wendt, currently at Swisscom AG (NYSE: SCM), has been appointed to the new position of head of group corporate development, and will slide her feet under the desk in August. Meanwhile, Ingrid Stenmark becomes head of the CEO Office, which is responsible for, among other things, TeliaSonera affiliates MegaFon and Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC). (See More Exec Changes at TeliaSonera and Euronews: TeliaSonera Fires Four After Eurasia Probe.)

  • South African IT industry veteran Oliver Fortuin is heading to BT Group plc (NYSE: BT; London: BTA), taking charge of its operations in sub-Saharan Africa. Fortuin has previously been the South African country manager for both IBM Corp. (NYSE: IBM) and Hewlett-Packard Co. (NYSE: HPQ), reports website IT Online. He replaces Keith Matthews, who had been in the role for eight years.

  • Sky (NYSE, London: SKY) has struck a multi-year licensing deal with Paramount Pictures, offering Sky Movies customers access to box office hits such as Anchorman 2: The Legend Continues and Jack Ryan: Shadow Recruit. So any movie with a colon in the title, basically.

    Monday sees yet another UK public holiday, so Eurobites will return on Tuesday, May 6.

    This is pretty much what the Eurobites team will be doing on Monday.
    This is pretty much what the Eurobites team will be doing on Monday.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Mitch Wagner
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    Mitch Wagner,
    User Rank: Lightning
    5/2/2014 | 4:01:25 PM
    Re: Holidaze
    The green vest and hose really make the outfit. Hardly ever see anybody wearing matching green vests and hose anymore. 
    PaulERainford
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    PaulERainford,
    User Rank: Light Sabre
    5/2/2014 | 12:43:16 PM
    Re: Holidaze
    Those maypoles won't dance round themselves.
    SarahReedy
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    SarahReedy,
    User Rank: Blogger
    5/2/2014 | 12:41:37 PM
    Re: Holidaze
    Wait, Europe gets off work for Cinco de Mayo?! That doesn't make sense...
    PaulERainford
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    PaulERainford,
    User Rank: Light Sabre
    5/2/2014 | 9:58:34 AM
    Re: Holidaze
    Thanks Dennis, much appreciated. Now pass me that tankard of mead, Ray.
    mendyk
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    mendyk,
    User Rank: Light Sabre
    5/2/2014 | 8:50:43 AM
    Holidaze
    All these bank holidays must get a little tiresome after a while. Don't worry, though -- we'll manage to keep the world economy lumbering forward as you merrily dance around the Bank Holiday Maypole.
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