Light Reading

Euronews: EC to Thwart Telefónica's German M&A Plan?

Paul Rainford
2/19/2014
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Also in today's EMEA regional roundup: Deutsche Telekom helps make Pisa a smarter city; tough times in Portugal; EE brings jobs home.

  • Telefónica SA (NYSE: TEF)'s proposed takeover of KPN Telecom NV (NYSE: KPN)'s German unit, E-Plus Service GmbH & Co. KG , could fall foul of the European Union antitrust regulator, according to a Reuters report. Concessions may, it seems, be required on the part of Telefónica if the deal is to go through. (See Euronews: KPN to Sell E-Plus for €8.1B.)

  • Deutsche Telekom AG (NYSE: DT) is piloting a "smart city" project in the Italian city of Pisa involving an app that helps drivers find a parking space in an area close to the city's famous Leaning Tower. The system, based on M2M technology, also analyses historical traffic data to optimize the flow of traffic with the city. More details of this and other Deutsche Telekom M2M projects can be found in this press release.

  • The economic situation in Portugal is improving but it's still not great, and this is reflected in the fourth-quarter results of Portugal Telecom SGPS SA (NYSE: PT), which saw a year-on-year 35% fall in its net profits to €25.9 million (US$35.6 million), reports Reuters. Portugal Telecom's profits for the full year actually jumped 47% to €331 million ($455 million), but this was mainly attributable to one-off gains.

  • UK operator EE , which has benefited from its head start in offering 4G services, is creating more than 1,000 British jobs and boosting its apprenticeship scheme through a spot of "re-shoring" -- in proper English, the bringing back of call center jobs that had previously been the preserve of foreign parts. (See Q&A: EE Evolves Its 4G LTE Strategy.)

  • Ericsson AB (Nasdaq: ERIC) has signed a five-year managed services deal with MTN Group Ltd. 's Nigerian unit, which is the largest operator in West Africa with more than 45 million subscribers. Under the terms of the contract, Ericsson will assume responsibility for the management, optimization, and field maintenance of MTN's infrastructure in Lagos, Abuja, Enugu, Port Harcourt, and Asaba, which represents 75% of the entire network.

  • TeliaSonera International Carrier (TSIC) has established a Point of Presence (PoP) in Oman, in partnership with local operator Omantel.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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