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Euronews: Telefonica Invests in Box

Ray Le Maistre
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Also in today's EMEA regional roundup: Alcatel-Lucent's financial recovery continues; Deutsche Telekom befriends Twitter; Mystery bidder wins spectrum in Norwegian auction.

  • Telefónica Digital is one of a number of investors, along with Australia's Telstra Corp. Ltd. (ASX: TLS; NZK: TLS), to invest in cloud storage service provider Box, which has more than 180,000 customers. For full details of the US$100 million round, which values the company at around $2 billion, see this press release. In an emailed statement, Tracy Isacke, executive vice president of Investment and Business Development at Telefonica Digital, the innovation division of Telefónica SA, stated: "We know how much our customers, large and small, value the convenience and flexibility of cloud storage and Box is the clear leader in this space. We look forward to working with Box as an investor and partner to bring the best possible cloud-based products and services to our customers, helping to transform the way they operate." Box, which is coming under pressure from Dropbox in the enterprise cloud storage market, is expected to IPO in 2014.

  • Alcatel-Lucent has raised €956.7 million ($1.3 billion) through the issuance of nearly 455.6 million new shares as part of its financial restructuring program. In addition, the company is set to regain its place on France's CAC 40 index, reports Reuters, following the recent recovery in its share price on the Paris exchange. The company's stock has risen by 245% this year and currently stands at €3.27. (See Alcatel-Lucent to Raise $2.7B and Alcatel-Lucent: Not Ready for a Breakup.)

  • Deutsche Telekom AG has forged a strategic relationship with Twitter Inc. that will see the two companies collaborate on advertising, marketing, and customer relationship management strategies. For more details, see this press release.

  • A mystery bidder backed by an unidentified international service provider is one of three companies to have been awarded 3G and 4G spectrum in the 800 MHz, 900 MHz, and 1800 MHz bands in Norway. Telco Data is currently represented by a Norwegian lawyer who says the identity of the company's parent and its plans will be revealed in 2014, according to Computerworld. The other companies to land new capacity are TeliaSonera AB (Nasdaq: TLSN) and Telenor ASA (Nasdaq: TELN). For full details, see this announcement from the Norwegian Post & Telecoms Authority (NPT). The prices paid will be revealed on December 10. Not everyone got what they wanted, though, as Tele2 AB (Nasdaq: TLTO) failed to win any spectrum, as it notes in this press release.

  • And Euronews couldn't run today without at least noting the global news event of the week: the passing of Nelson Mandela. Check out this Guardian timeline for the ongoing global reaction to his death. For tributes from the South African telecom and IT sector, see this ITWeb article.

    — Ray Le Maistre, Editor-in-Chief, Light Reading

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    User Rank: Blogger
    12/6/2013 | 10:57:57 AM
    Box on a roll
    That's an incredible success story for Box and a very neat set of investors - TEF Digital just keeps adding to its portfolio!
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