Light Reading

Eurobites: Gemalto Buys Data Protection Specialist

Paul Rainford
8/8/2014
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Also in today's EMEA regional roundup: Russia's MTS suspends operations in Crimea; UK government says everything in the broadband rollout garden is rosy; Altice profits up.

  • Digital security components giant Gemalto has agreed to acquire SafeNet Inc. (Nasdaq: SFNT), a US company specializing in data and applications protection, for US$890 million. SafeNet, which has more than 1,500 employees, claims its technology protects more than 80% of the world's intra-bank fund transfers. It also has a number of telecom vendor partnerships and operator engagements. (See Gemalto to Buy SafeNet for $890M, Orange Business Deploys SafeNet and Ciena, SafeNet Team Up.)

  • Henrique Granadeiro has quit as the CEO of Portugal Telecom SGPS SA (NYSE: PT) following the renegotiation of the carrier's merger terms with Brazil's Oi, reports Reuters.

  • Telecom Italia SpA (NYSE: TI) is lining up a bid for Vivendi 's Brazilian broadband provider GVT in an effort to trump the existing €6.7 billion ($8.9 billion) offer tabled by Telefónica SA (NYSE: TEF), reports Reuters.

  • Russian operator Mobile TeleSystems OJSC (MTS) (NYSE: MBT) is suspending its operations in the Crimea region of Ukraine due to "technical issues" that are presumably not unconnected to the ongoing political turmoil there. Crimea provided almost 10% of the company's Ukraine-derived revenues in 2013.

  • The UK government is hoping to drown out criticism of its BDUK "superfast" broadband rollout program by announcing that the rollout has reached more than 1 million more homes and business across Britain and is on track to reach 95% of UK homes and businesses by 2017. This probably will do little to address the concerns of those who feel that the whole program has become something of a stitch-up between the government and BT Group plc (NYSE: BT; London: BTA), which, interestingly, gets to blow its own trumpet in a government-issued press release. (See Euronews: UK's Broadband Plan Gets EU Nod and Great Britain? I Don't Think So.)

  • Altice, which owns French cable operator Numericable-SFR , has posted second-quarter EBITDA (earnings before interest, tax, depreciation and amortization) up 8.5% year-on-year to €383 million ($513 million) on revenues down 1.3% to €837 million ($1.1 billion). Altice is in the process of buying SFR , the mobile operator currently owned by Vivendi. (See Eurobites: Numericable Wins SFR M&A Tussle.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Ray@LR
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    Ray@LR,
    User Rank: Blogger
    8/8/2014 | 8:37:58 AM
    Gemalto, security, the cloud, and IoT
    THis move by Gemalto could be very interesting for the future supply of digital security capabilities to ehterprises and cloud service providers, as devices of all types become an extension of virtual data centers. Security is massive, tright? And if one company can secure everything, from the cloud out to the very edge, then....
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