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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,
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    8/8/2014 | 8:37:58 AM
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