& cplSiteName &

Euronews: KPN to Axe up to 2,000 Dutch Jobs

Paul Rainford
2/4/2014
50%
50%

Also in today's EMEA regional roundup: ARM sees Q4 revenues rise; AlcaLu's Libyan subsea project; Irish takeover bid prompts EC concerns.

  • Fierce competition in the mobile sector is taking its toll on Dutch incumbent KPN Telecom NV (NYSE: KPN), which used its fourth-quarter results statement to announce up to 2,000 job cuts in the Netherlands, reports Bloomberg. EBITDA (earnings before interest, tax, depreciation, and amortization) fell 29% year-on-year to €581 million (US$785 million), though there were several one-off items. Shares slumped by as much as 5.7% following the results announcement. (See Euronews: Slim Abandons KPN Bid.)

  • ARM Ltd. , the UK-based comms chip designer that has its technology in many top-end smartphones, has posted a 15% rise in fourth-quarter revenues to £189.1 million ($308.7 million), despite a slowdown in the market for such devices, reports the Daily Telegraph. The vendor has been looking to widen its traditional customer base by designing chips to be used in medical devices and "smart home" gadgets.

  • Alcatel-Lucent (NYSE: ALU) is to deploy a new 1,000 km subsea cable system for the Libyan International Telecommunication Company, connecting the capital, Tripoli, to Benghazi. It is hoped that when -- in 2015 -- this new 100G-based infrastructure is complete, it will help revive Libya's economy, which is struggling in the face of continuing insecurity following the downfall of Muammar Gaddafi in 2011.

  • Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY) has admitted it has received a list of concerns from European Commission competition authorities relating to its planned €780 million ($1 billion) takeover of Telefónica SA (NYSE: TEF)'s O2 Ireland , Reuters reports. Hutchison hasn't said what the specific concerns are and remains confident it can allay them.

  • UK triple-play provider TalkTalk has done a deal with Sky (NYSE, London: SKY) to bring the latter's sports content to its pay-TV customers. As well as linear offerings, TalkTalk is also offering catchup content from certain Sky channels. More details can be found in this press release.

  • The UK's Civil Aviation Authority, which oversees safety matters in the aerospace industry, has sounded a warning about the proliferation of lithium batteries on aeroplanes and the increasing fire risk that represents. According to a BBC report, the growing number of people touting mobile devices on flights, and the trend for consumers to source their batteries from less than reputable online sources, means that the likelihood of devices going up in flames -- and threatening the safety of the entire aircraft -- is increasing.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
    Flash Poll
    Upcoming Live Events
    February 26-28, 2018, Santa Clara Convention Center, CA
    March 20-22, 2018, Denver Marriott Tech Center
    April 4, 2018, The Westin Dallas Downtown, Dallas
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
    Hot Topics
    Here's Pai in Your Eye
    Alan Breznick, Cable/Video Practice Leader, Light Reading, 12/11/2017
    Ericsson & Samsung to Supply Verizon With Fixed 5G Gear
    Dan Jones, Mobile Editor, 12/11/2017
    Verizon's New Fios TV Is No More
    Mari Silbey, Senior Editor, Cable/Video, 12/12/2017
    The Anatomy of Automation: Q&A With Cisco's Roland Acra
    Steve Saunders, Founder, Light Reading, 12/7/2017
    You Can't Fix OTT Streaming Problems If You Can't See Them
    Mike Hollyman, Head of Consulting Engineering, Nokia Deepfield, 12/8/2017
    Animals with Phones
    Don't Fall Asleep on the Job! Click Here
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed