Also in today's EMEA regional roundup: Telenor holds its own; Dutch do their own metadata-snooping; Brussels gets 4G.

Paul Rainford, Assistant Editor, Europe

February 12, 2014

2 Min Read
Euronews: ONO Snubs Vodafone, Opts for IPO

Also in today's EMEA regional roundup: Telenor holds its own; Dutch do their own metadata-snooping; Brussels gets 4G.

  • Spanish cable operator ONO is pushing ahead with plans for an IPO, snubbing the advances of Vodafone Group plc (NYSE: VOD), which was said to have already contacted shareholders with a view to making a bid. Bloomberg reports that ONO's private equity shareholders will meet on March 13 to approve the IPO. ONO is hoping for a valuation in the range of €7 billion (US$9.5 billion) to €8 billion ($10.9 billion). (See Euronews: Vodafone Homes In On ONO and Euronews: Spain's ONO Mulls IPO.)

    • It's a case of "steady as she goes" at Norway-based Telenor Group (Nasdaq: TELN), which saw fourth-quarter organic revenues rise 1% year-on-year to 27.61 billion Norwegian kroner ($4.5 billion), while EBITDA (earnings before interest, tax, depreciation and amortization) rose 9.6% to NOK8.99 billion ($1.46 billion). India, Pakistan, and Bangladesh were the main growth areas for the operator, though things proved tougher in Eastern Europe. (See Telenor Boasts Improved Margins for 2013.)

    • NSA not to blame for data intercepts shocker! A Dutch cabinet minister has found himself in hot water for pinning the blame for metadata-snooping in the Netherlands on the US intelligence agency, when it was actually home-grown data-eavesdroppers at work, reports Reuters. (See Euronews: Prism Prompts EU Data Rethink and Prism in a Big Data World.)

    • Newly privatized BSS vendor AsiaInfo Inc. (Nasdaq: ASIA) has opened an office in Copenhagen, Denmark, the primary purpose of which is to support its contract with Telenor. (See AsiaInfo-Linkage Goes Private and What's Driving OSS/BSS Growth?)

    • After a long delay caused by regulatory hurdles relating to radio emissions, the city of Brussels has finally got a 4G network, reports Reuters. Belgacom SA (Euronext: BELG) launched the network, which will initially only cover the suburbs of the city, on Tuesday.

    • ACOnet, the Austrian Academic Computer Network, has completed trials of ADVA Optical Networking 's 100G Metro, over a link that connected the University of Salzburg with its counterpart in Vienna. The aim of the trial was to find out if ACOnet could use 100G technology to transport data both domestically and internationally. (See ACOnet Trials ADVA's 100G Metro Gear.)

      — Paul Rainford, Assistant Editor, Europe, Light Reading

Read more about:

Europe

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like