Light Reading

Euronews: Hedge Fund Guru Has Faith in 'New Nokia'

Paul Rainford
10/23/2013
50%
50%

Also in today's EMEA roundup: Orange feels the squeeze; Transmode makes hay in Europe; Pace buys Aurora.

  • The new, soon-to-be slimline Nokia Corp. (NYSE: NOK) has received a vote of confidence from billionaire hedge fund manager Daniel Loeb, who has revealed that he has taken a stake in the company, reports Reuters. He also went against the recent grain of opinion by praising the company's top brass. (See Nokia Sells Devices Business to Microsoft .)

  • Orange (NYSE: FTE)'s latest set of results won't get many investors' juices flowing: Revenues of €10.16 billion (US$14.55 billion) were down 4 percent overall year-on-year, though Belgium was a particular black spot, down 10.1 percent. On a brighter note, Orange's French unit did report 298,000 net additions in terms of mobile packages, its best performance in three years. (See Orange Feels the Squeeze in Q3 .)

  • The news is better at Sweden's Transmode Systems AB , where third-quarter sales increased 7 percent year-on-year to 272 million Swedish kroner ($43 million), and net profits rose from SEK38 million ($5.9 million) to SEK40.1 million ($6.2 million). In a statement accompanying the results, CEO Karl Thedéen said that demand from European customers for its packet-optical networking products was strong, though the picture was less rosy in the Americas. (See Transmode Reports Q3 Gains.)

  • Pace plc , the British set-top box firm, has acquired Aurora Networks Inc. for $323 million, increasing its clout in the US cable market. The Yorkshire-based firm is already the number-three supplier of set-top boxes to the US cable industry after Cisco Systems Inc. (Nasdaq: CSCO) and Arris Group Inc. (Nasdaq: ARRS), providing, amongst other things, next-generation hybrid IP video gateways for Comcast Corp. (Nasdaq: CMCSA, CMCSK). (See Aurora Swims Upstream.)

  • Telenor ASA (Nasdaq: TELN)'s Swedish unit is moving further into broadband with the acquisition of Tele2 AB (Nasdaq: TLTO)'s fiber and cable business for SEK775 million ($121 million). The acquisition adds around 370,000 households connected to fiber and cable to Telenor Sweden's books, of which 125,000 are fixed broadband customers, 75,000 are digital TV customers and approximately 220,000 are cable subscribers. (See Telenor Buys Tele2's Swedish Fiber & Cable Business.)

  • UK regulator Ofcom is clamping down on the mobile operators' nasty habit of hiking the price of "fixed" contracts mid-term. It has mandated that consumers and small businesses should be allowed to exit their landline, broadband, or mobile contract without penalty if their provider increases the cost of their monthly deal.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (6)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View
    DOShea
    50%
    50%
    DOShea,
    User Rank: Blogger
    10/26/2013 | 6:38:06 PM
    Nokia
    I guess they call them hedge funds for a reason, right?
    DanJones
    50%
    50%
    DanJones,
    User Rank: Blogger
    10/23/2013 | 4:05:58 PM
    Re: Glad someone has!
    Yep, BBM is still very popular, haven't downloaded yet but will report back.
    Kruz
    50%
    50%
    Kruz,
    User Rank: Light Sabre
    10/23/2013 | 3:17:45 PM
    Re: Glad someone has!
    Nokia's always meant business when it came down to hardware and is still delivering when it comes down to that. Now with cash from Microsoft, it is able to spend heavily on ads in the US market (a market it had wrongly neglected before Elop) and is making a steady progress(8 million Lumias sold last quarter, double the numbers sold last year).

    But back to RIM - Blackberry, has anyone seen the buzz around the latest Android and iOS BBM even when announced at an awful bad timing? It slingshot to the number 1 free app in the App store and rocked 10 million downloads in 24 hours (although I am not very confident of the numbers).

    Here in the Middle East where BBM was once very popular, people are still interested in trying the new software - I personally wasn't for so many reasons. I hope BBM can learn/make something out of that.
    DanJones
    50%
    50%
    DanJones,
    User Rank: Blogger
    10/23/2013 | 1:10:15 PM
    Re: Glad someone has!
    Nokia: At Least Its Not A BlackBerry!

     

    New ad tag-line?
    SarahReedy
    50%
    50%
    SarahReedy,
    User Rank: Blogger
    10/23/2013 | 11:46:04 AM
    Re: Glad someone has!
    I think most of the praise around Nokia lately is along the lines of, "well, at least they are not RIM!" Although, their first tablet looks impressive, if you were already a fan of the Lumia smartphones.
    DanJones
    50%
    50%
    DanJones,
    User Rank: Blogger
    10/23/2013 | 10:57:43 AM
    Glad someone has!
    Glad someone has faith in Nokia. They're certainly advertising the bejeezus out of their Lumia camera features now.
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Flash Poll
    From The Founder
    The Swedish vendor has undergone a significant transformation during the past few years, adjusting to the demands of next-generation communications companies.
    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.
    LRTV Huawei Video Resource Center
    Du Puts Its Faith in Huawei's Routers

    4|9|15   |   3:42   |   (0) comments


    Adnan Masood, director of Enterprise MS Solutions Marketing at du, the United Arab Emirates (UAE) operator also known as Emirates Integrated Telecommunications Company, explains why his company chose to use Huawei's multifunctional AR routers as part of its managed enterprise services.
    LRTV Huawei Video Resource Center
    Huawei Gets Active in the Data Center

    4|9|15   |   3:17   |   (0) comments


    With enterprise users looking to maximize the use of their data center assets, Huawei’s Chief Architect & Technical Director of IT Data Center Solutions, Bruce Su, explains how the company's six-layer active-active data center solution is eradicating the need to deploy passive, redundant data center assets.
    LRTV Huawei Video Resource Center
    Blue Consult & Huawei for a Better Solution

    4|8|15   |   4:01   |   (0) comments


    Martin Rott, CEO, and Marc Metzler, head of sales virtualization, from Germany's Blue Consult discuss their collaboration with Huawei and TrendMicro to develop a secure, scalable IT platform that can meet the needs of the most demanding enterprise users.
    LRTV Huawei Video Resource Center
    Beach Petroleum on eLTE & Mining

    4|8|15   |   3:09   |   (0) comments


    Network systems integrator Jeremy Hamlyn explains how Huawei's secure packet-based trunking communications system, eLTE, can help remote communities and companies in the mining, oil and gas sectors, deploy efficient communications networks that are perfect for video and data as well as voice.
    Upcoming Live Events
    May 5, 2015, Hyatt McCormick Place, Chicago, IL
    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
    November 11-12, 2015, The Westin Peachtree Plaza, Atlanta, GA
    All Upcoming Live Events
    Infographics
    Network Instruments, a JDSU division, shares results from its 2015 State of the Network, a global survey on security.
    Hot Topics
    Verizon Scores New OTT Content Deals
    Mari Silbey, Independent Technology Editor, 4/16/2015
    Can WiFi Calling Find Its Voice?
    Iain Morris, News Editor, 4/13/2015
    Senator Proposes New 'Title X' for Net Neutrality
    Carol Wilson, Editor-at-large, 4/13/2015
    Nokia, Alcatel-Lucent in Merger Talks
    Iain Morris, News Editor, 4/14/2015
    Nokia & Alcatel-Lucent: What's Going On?
    Ray Le Maistre, Editor-in-chief, 4/15/2015
    Like Us on Facebook
    Twitter Feed
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    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 ...
    LR CEO and Founder Steve Saunders sits down with the head of Qosmos to talk about the changing state of the art in deep packet inspection technology, including its role in SDN and NFV architectures.