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Euronews: S&P Downgrades AlcaLu

Paul Rainford
8/14/2012
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Alcatel-Lucent (NYSE: ALU), Deutsche Telekom AG (NYSE: DT) and Kabel Deutschland GmbH loom large in today's trot through the EMEA telecom headlines.

  • Standard & Poor’s has followed the lead of fellow ratings agency Moody's Investors Service by downgrading Alcatel-Lucent from "stable" to "negative," reports Reuters. S&P cites "carriers' more cautious spending and fierce ongoing competition" as the reasons for its move. (See Euronews: Moody's Has a Downer on AlcaLu.)

  • Deutsche Telekom has teamed up with Wirecard, a financial services provider, to help push forward the implementation of its mobile payment strategy. The German incumbent plans to launch its Mobile Wallet in 2013. (See Mobile Money: What's the End Game? )

  • Kabel Deutschland saw its fiscal first-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) rise 8 percent year-on-year to €209 million (US$258.2 million), on revenues that increased 7.7 percent to €444 million ($549 million). In May, Kabel Deutschland announced it was planning to acquire rival cable operator Tele Columbus AG .

  • The European Commission has been laying down the telecom law on two fronts: First, it has ruled that the Czech regulator must withdraw its plans to include wholesale broadband services based on cable and Wi-Fi platforms in its definition of the wholesale broadband access product market; and, second, the Commission has expressed "serious doubts" about a proposal from the Latvian regulator to apply fixed termination rates that are much higher than those in other member states.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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