& cplSiteName &

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        ADD A COMMENT
    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?
    Sarah Thomas
    50%
    50%
    Sarah Thomas,
    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
    From The Founder
    Cisco's Conrad Clemson, recently promoted to head up the company's Service Provider Apps & Platforms developments, talks to Light Reading's Founder and CEO Steve Saunders about how he's bringing cloud video, mobile and virtualization together to empower network operators.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    LRTV Custom TV
    What WTTX Can Deliver

    2|23|17   |     |   (0) comments


    Mohamed Madkour explains the benefits of WTTX while Dimitris Mavrakis discusses the challenges of delivering home broadband access.
    LRTV Custom TV
    Huawei on Mobile Broadband

    2|23|17   |     |   (0) comments


    Mohamed Madkour shares his vision on MBB for the next three years.
    LRTV Custom TV
    Analysys Mason Talks About the Future of Digital Operations

    2|23|17   |     |   (0) comments


    The future of digital operations has three key aspects: 1. Highly automated operations for both service and network; 2. Highly converged BSS/OSS for business and resources; 3. Highly merged management and control for real-time cloud native operations.
    LRTV Interviews
    Software Trends in the Telecom Sector

    2|23|17   |   03:40   |   (0) comments


    Heavy Reading senior analyst James Crawshaw talks with Telecoms.com Editorial Director Scott Bicheno about trends and developments in the telecoms software sector and what to expect at MWC 2017.
    LRTV Custom TV
    Huawei's Pre-MWC Analyst Briefing 2017 Highlights

    2|22|17   |     |   (0) comments


    Huawei shares its vision for this year's MWC.
    LRTV Interviews
    MWC17: 5G, Cloud RAN & More

    2|21|17   |   04:35   |   (0) comments


    Ovum Senior Analyst Julian Bright talks to Scott Bicheno from Telecoms.com about all things MWC, including Cloud RAN, Huawei's pitch to the industry and the road to 5G.
    LRTV Interviews
    MWC 2017's Key 2-Letter Terms

    2|20|17   |   08:29   |   (1) comment


    5G, AI, VR... these are just some of the two-letter terms that will dominate show-floor chat at MWC 2017 in Barcelona, according to these two blow-hards (a.k.a. Scott Bicheno of Telecoms.com and Light Reading's Ray Le Maistre). And then there's PB...
    LRTV Interviews
    Key Trends for Mobile Operators in Developing Markets

    2|20|17   |   06:37   |   (0) comments


    Ovum's Matthew Reed talks to Scott Bicheno from Telecoms.com about the challenges and opportunities facing mobile operators in the developing markets of Africa and the Middle East.
    LRTV Documentaries
    YouTube Takes on Facebook Live-Streaming

    2|17|17   |     |   (0) comments


    Popular 'YouTubers' will be the first to get the new service on their smartphones. You have been warned.
    LRTV Custom TV
    Open Source NFV/SDN Automation

    2|17|17   |   05:54   |   (0) comments


    AT&T ECOMP (Enhanced Control, Orchestration, Management and Policy) code is transitioning into the Linux Foundation for placement into open source. In this video, Carol Wilson provides an update on the maturation of open source ECOMP and meets with industry leaders from AT&T, Bell Canada, Orange, Linux Foundation and Amdocs to discuss what this means for the ...
    LRTV Documentaries
    Uber & NASA Collaborate on Flying Car Project

    2|16|17   |     |   (0) comments


    Is Uber for real? Well, it's hired NASA engineer Mark Moore to lead the project, and he wouldn't come cheap.
    LRTV Documentaries
    Zuckerberg Tries Out the Oculus Rift VR Glove

    2|15|17   |     |   (0) comments


    Facebook CEO shows off a new way to interact with the Oculus Rift virtual reality headset: an Oculus glove.
    Upcoming Live Events
    March 21-22, 2017, The Curtis Hotel, Denver, CO
    March 22, 2017, The Curtis Hotel, Denver, CO
    March 22, 2017, The Curtis Hotel, Denver, CO
    May 15-17, 2017, Austin Convention Center, Austin, TX
    May 15, 2017, Austin Convention Center - Austin, TX
    June 6, 2017, The Joule Hotel, Dallas, TX
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    Uber's HR Nightmare: Company Investigates Sexual Harassment Claims
    Sarah Thomas, Director, Women in Comms, 2/21/2017
    Broadband Has a Problem on the Pole
    Mari Silbey, Senior Editor, Cable/Video, 2/21/2017
    Verizon to Start Fixed 5G Customer Trials in April
    Dan Jones, Mobile Editor, 2/22/2017
    Sprint to Go Gigabit Crazy at MWC!
    Dan Jones, Mobile Editor, 2/22/2017
    MANO Marriage: ECOMP, Open-O Converge as ONAP
    Carol Wilson, Editor-at-large, 2/23/2017
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading founder and CEO Steve Saunders chats with Sportlogiq CEO Craig Buntin about sports data analysis.
    Eyal Waldman, CEO of Mellanox Technologies, speaks to Steve Saunders, CEO of Light Reading, for an exclusive interview about the 100 GB cable challenge, cybersecurity and much more.
    Animals with Phones
    No One Likes This Click Here
    Take a hint!
    Live Digital Audio

    Playing it safe can only get you so far. Sometimes the biggest bets have the biggest payouts, and that is true in your career as well. For this radio show, Caroline Chan, general manager of the 5G Infrastructure Division of the Network Platform Group at Intel, will share her own personal story of how she successfully took big bets to build a successful career, as well as offer advice on how you can do the same. We’ll cover everything from how to overcome fear and manage risk, how to be prepared for where technology is going in the future and how to structure your career in a way to ensure you keep progressing. Chan, a seasoned telecom veteran and effective risk taker herself, will also leave plenty of time to answer all your questions live on the air.