& cplSiteName &

Eurobites: Sawiris Eyes Telecom Italia Investment

Paul Rainford
4/14/2014
50%
50%

Also in today's EMEA regional news roundup: BT challenges "margin squeeze" note; eircom considers IPO; European Commission targets mHealth.

  • Egyptian billionaire Naguib Sawiris wants to have another go at investing up to $2 billion in struggling Telecom Italia SpA (NYSE: TI), but only if Telefónica SA (NYSE: TEF), the biggest shareholder in Telecom Italia, pulls out of the Italian group, reports Reuters, citing Italian newspaper Il Sole 24 Ore. In 2012 Sawiris, with an eye to expanding Telecom Italia's business in Brazil, offered to invest $3.9 billion in the operator, but the bid was rejected. (See Euronews: Telecom Italia Commits to Brazil.)

  • BT Group plc (NYSE: BT; London: BTA) has hit back at a broker's note that helped shave 2% off its share price on Tuesday, reports the Daily Telegraph. The note, from Redburn, had suggested that a potential investigation by regulator Ofcom into BT's wholesale fiber broadband charges could force its Openreach division to cut the monthly wholesale charge by £2 ($3.34). But a BT spokesman described the analysis as "flawed," saying it "understates the revenues and overstates the costs that would be taken into account in any margin squeeze assessment."

  • Irish operator eircom is considering an IPO and has hired bankers Rothschild to look into the matter, according to a Reuters report. Two years ago, groaning under a $5.2 billion debt pile, eircom filed for "examinership" protection from its creditors. (See Lenders to Lean on Eircom and Eurobites: Eircom Joins Vectoring Club.)

  • The European Commission is launching a consultation (stop yawning at the back!) on "mHealth," or healthcare that uses mobile technology. The aim is to find "ways to enhance the health and wellbeing of Europeans with the use of mobile devices." Apparently, there are nearly 100,000 mHealth apps already on the market. Of course, there are some who would argue that getting rid of a few mobile devices might improve our health, but that's another story.

  • South Africa's Vodacom Pty. Ltd. and MTN Group Ltd. are to buy the mobile subscribers of Nashua Mobile, a middleman company which found phone users suitable mobile packages from the country's network operators. Vodacom and MTN will pay 2.26 billion rand ($215 million) for the subscribers who signed up to their networks and services through Nashua.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (5)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    mendyk
    50%
    50%
    mendyk,
    User Rank: Light Sabre
    4/15/2014 | 8:51:50 AM
    Re: mZZZZZZZZZZZZZZZZZZZ
    I'm too fond of pints, imperial or otherwise.
    PaulERainford
    50%
    50%
    PaulERainford,
    User Rank: Light Sabre
    4/15/2014 | 4:09:07 AM
    Re: mZZZZZZZZZZZZZZZZZZZ
    Dennis, I can't help feeling you're not totally onboard with the Great European Experiment.
    mendyk
    50%
    50%
    mendyk,
    User Rank: Light Sabre
    4/14/2014 | 3:59:26 PM
    Re: mZZZZZZZZZZZZZZZZZZZ
    The study will take 12 to 18 months to conduct, at a cost of at least 30 million euro. And the main conclusion will be ... further study is required.
    Sarah Thomas
    50%
    50%
    Sarah Thomas,
    User Rank: Blogger
    4/14/2014 | 3:44:20 PM
    Re: mZZZZZZZZZZZZZZZZZZZ
    If the 10,000 mHealth apps couldn't answer that question, I'm not sure a Commission will have better luck...at least not if they think apps are the answer.
    mendyk
    0%
    100%
    mendyk,
    User Rank: Light Sabre
    4/14/2014 | 9:26:17 AM
    mZZZZZZZZZZZZZZZZZZZ
    Nice to see the EC bureaucrats are hard at work creating months- (if not years-) long studies into the blatantly obvious.
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    From The Founder
    The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
    Flash Poll
    Live Streaming Video
    The Real-World View of Service Provider Innovation
    Executives from Deutsch Telekom, Facebook, AT&T, Vodafone, and Masergy share insights from their company’s major transformation efforts and updates on key issues including open source, managed cloud connections and 5G.
    LRTV Documentaries
    Light Reading Hall of Fame 2016

    5|23|16   |   05:43   |   (0) comments


    Find out who has been welcomed into Light Reading's Hall of Fame this year.
    LRTV Custom TV
    ZTE TM Forum Highlights

    5|23|16   |     |   (0) comments


    ZTE showcased its new ICT solutions at TM Forum in Nice.
    LRTV Interviews
    Gamma's MD on the Emergence of UC2

    5|20|16   |     |   (0) comments


    Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
    LRTV Custom TV
    The Ultimate 5-Minute Guide to Digital Customer Engagement

    5|20|16   |     |   (0) comments


    In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
    LRTV Custom TV
    NFV in 2016: Part 1 – NFV Use Cases Get Real

    5|19|16   |   05:57   |   (0) comments


    Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 3

    5|19|16   |     |   (0) comments


    Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Level 3: Why UC Is In Demand

    5|17|16   |   04:12   |   (1) comment


    Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
    LRTV Custom TV
    ARM's OPNFV Action

    5|17|16   |     |   (0) comments


    At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 2

    5|16|16   |     |   (0) comments


    Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Interoute CTO on NFV's Maturity

    5|13|16   |   06:46   |   (1) comment


    Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
    LRTV Huawei Video Resource Center
    UBBS 2016 Highlights

    5|12|16   |     |   (0) comments


    Highlights of Huawei's UBBS event in Hong Kong.
    LRTV Huawei Video Resource Center
    European 2020 Digital Agenda

    5|12|16   |     |   (0) comments


    Anacom's Fatima Barros discusses the plan to bring ultrafast broadband to Portugal by 2020.
    Upcoming Live Events
    September 13-14, 2016, The Curtis Hotel, Denver, CO
    December 6-8, 2016,
    June 16-18, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    A new survey conducted by Heavy Reading and TM Forum shows that CSPs around the world see the move to digital operations as a necessary part of their overall virtualization strategies.
    Hot Topics
    WiCipedia: Short Skirts & Back-Up Plans
    Eryn Leavens, Special Features & Copy Editor, 5/20/2016
    Nokia Plays It Smart With Major Mobile Devices Brand Deal
    Iain Morris, News Editor, 5/18/2016
    AT&T Plots Mobile 5G Tests in 2017
    Dan Jones, Mobile Editor, 5/18/2016
    Ingenu Revs Up IoT Rhetoric
    Iain Morris, News Editor, 5/18/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    In this latest installment of the CEO Chat series, Craig Labovitz, co-founder and CEO of Deepfield, sits down with Light Reading's Steve Saunders in Light Reading's New York City office to discuss how Deepfield fits in with the big data trend and more.
    Grant van Rooyen, president and CEO of Cologix, sits down with Steve Saunders, founder and CEO of Light Reading, in the vendor's New Jersey facility to offer an inside look at the company's success story and discuss the importance of security in the telecom industry.
    Animals with Phones
    Live Digital Audio

    Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.