Light Reading

Euronews: AlcaLu Linked to Goldman Sachs Loan

Paul Rainford

Alcatel-Lucent (NYSE: ALU), Deutsche Telekom AG (NYSE: DT) and Europe's fiber future are center stage in today's run through the EMEA headlines.

  • Alcatel-Lucent is talking to Goldman Sachs & Co. about a possible loan and looking at the sale of certain assets, according to a Bloomberg report. When contacted by Light Reading, the vendor declined to comment on whether discussions with Goldman Sachs had taken place. Last week it was reported that AlcaLu was looking at the sale of some "secondary" patents as it seeks to rebalance its books. (See Alcatel-Lucent Sharpens Its Focus, Margin Misery for Alcatel-Lucent, Euronews: AlcaLu Mulls Sub-Prime Patents Sale and Euronews: AlcaLu Needs to Shed 10,000 More.)

  • Deutsche Telekom is looking to implement DSL vectoring as a cheaper alternative to full-on fiber in 2013, reports Bloomberg. According to Niek Jan van Damme, head of the carrier's German unit, implementation of the technology will be dependent on certain conditions being in place. "We need a facts-orientated discussion," he said. Yep, they're always good. (See BBWF 2012: Vectoring's Potential.)

  • Just as Deutsche Telekom plans an upgrade to its copper plant, a new report into FTTH (fiber-to-the-home) service availability in Europe suggests it might be another 92 years before every home in the European Union's 210 million households will have a fiber broadband connection. But bandwidth-hungry Europeans don't necessarily have to wait that long… (See Euro FTTH Switch Could Take 92 Years.)

  • Telenor ASA (Nasdaq: TELN) can relax after it was revealed that Russia's competition watchdog is to drop its case against the Nordic operator for raising its stake in VimpelCom Ltd. (NYSE: VIP), reports Reuters. The regulator had wanted the Russian operator to be free of foreign control, but withdrew its case once Altimo , another Russian company, overtook Telenor to be the main shareholder in VimpelCom. Got that? (See Antimonopoly Service Files Against Telenor.)

  • U.K. regulator Ofcom is beginning a consultation process on its proposals for how "white spaces" will be used for rural broadband access, machine-to-machine (M2M) applications and more. Ofcom is hoping that its "framework" will ensure that existing licensed users of the spectrum, which include digital TV and wireless microphone users, do not find that their signals suffer interference from these proposed white-space applications. (See TV White Space: Niche Play or the Next Big Thing?)

  • Zain Group has switched on its LTE network throughout Kuwait, becoming, it claims, the first operator to offer nationwide 4G coverage there. (See Zain Kuwait Launches 4G.)

  • Virgin Media Inc. (Nasdaq: VMED) has signed up EE and Vodafone UK as wholesale partners for its free Wi-Fi service on the London Underground train network. So there will soon be a whole new subset of folk furiously messaging their loved ones that they're stuck in a tunnel. Great! (See EE, Vodafone Use Virgin's Subway Wi-Fi.)

  • Monaco Telecom , a subsidiary of Cable & Wireless Communications plc (London: CWC), has formed a partnership with Gibraltar's Gibtelecom, under the terms of which Monaco Telecom will use Gibtelecom as its preferred carrier on the Europe India Gateway (EIG) submarine cable network. (See Monaco, Gibtelecom Team Up.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    User Rank: Light Beer
    12/5/2012 | 5:17:11 PM
    re: Euronews: AlcaLu Linked to Goldman Sachs Loan

    Reported talks with Goldman Sachs are enough to give Alcatel-Lucent's stock price a 13 percent shot in the arm -- albeit from just $1.00 to $1.13 on Friday.

    User Rank: Light Beer
    12/5/2012 | 5:17:09 PM
    re: Euronews: AlcaLu Linked to Goldman Sachs Loan

    Here is my guess, these loan sharks will ask for preferred stock bearing interest north of 10% convertible to shares priced at $1 as security for the loan and the management will take it.

    User Rank: Light Bulb
    12/5/2012 | 5:17:08 PM
    re: Euronews: AlcaLu Linked to Goldman Sachs Loan

    Lol, I sincerely hope you're not dismissing a 13% yield.

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