& 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
    Download our complete guide to de-risking NFV deployment in 2016, including:
  • An eight-step strategy to deploying NFV safely, based on input from the companies that have already started virtualizing their production networks.
  • Interviews with leading executives at Colt, AT&T, Deutsche Telekom, Cisco, Nokia, ZTE, Ericsson and Heavy Reading.
  • Flash Poll
    Live Streaming Video
    Prepping for the Future: Upskill U Explained
    During this short kick-off video, Doug Webster, Vice President of Service Provider Marketing, Cisco, and Light Reading’s CEO & Founder Steve Saunders give an overview of Upskill U.
    LRTV Interviews
    Demand Surges for On-Demand Ads

    5|5|16   |     |   (0) comments


    Ed Knudson, VP, Product and Strategy at Canoe Ventures, discusses the rising appeal of VoD ads and the challenges on inserting ads dynamically in live TV programming.
    LRTV Custom TV
    Exclusive: Video Interview With Sckipio CEO David Baum

    5|5|16   |     |   (0) comments


    At his headquarters in Tel Aviv, G.fast visionary David Baum, CEO of Sckipio, provided an exclusive interview to Light Reading and showed how innovations in rate and reach, vector densities, fast reconnecting times and SFP-based residential gateways are expanding the potential of G.fast.
    Telecom Innovators Video Showcase
    Atrinet's NetACE – Migration to NFV & SDN With NetOps-Driven LSO

    5|4|16   |     |   (0) comments


    At Atrinet's headquarters, Ray Le Maistre sits down with Roy Silon to get an in-depth look into the company's focus and the secret recipe for their success.
    LRTV Huawei Video Resource Center
    Amsterdam ArenA, Powered by Huawei

    5|4|16   |     |   (0) comments


    Huawei's ICT solutions power the state-of-the-art Amsterdam ArenA, turning it into a smart stadium.
    LRTV Interviews
    Testing When There's No 'There' There

    5|4|16   |     |   (1) comment


    The benefits of SDN/NFV are well known, but the transition comes with some challenges, prominent among them is: how do you test a network that has been abstracted and has the potential to be endlessly reconfigurable? Light Reading was at NFV World Congress in Santa Clara, Calif., where we bumped into Mats Nordlund, CEO and co-founder of Netrounds, a Swedish ...
    LRTV Interviews
    Ditching the Slash & the Orchestration Wars

    5|3|16   |     |   (2) comments


    SDN and NFV have been inextricably bound with each other for so long that on a conceptual level, smooshing them together into one catch-all phrase – SDNFV – is now justifiable, according to Dan Pitt, executive director of the Open Networking Foundation (ONF). Light Reading spoke to Pitt at the NFV World Congress, where he explained that the next ...
    LRTV Custom TV
    ZTE TV Connect Highlights

    5|3|16   |     |   (0) comments


    ZTE gives us a tour of its booth and new products at TV Connect in London.
    LRTV Custom TV
    Deluxe's Unified Delivery Solution

    5|3|16   |     |   (0) comments


    Join Alan Breznick of Light Reading and visit the Deluxe booth at NAB! Here you'll find Deluxe's Unified Delivery Solution, OTT video, virtual reality, HDR, 4K and much more!
    LRTV Interviews
    Verizon Puts Gray Boxes in the Shade

    5|2|16   |   04:33   |   (1) comment


    When it comes to the white box trend, "gray" boxes, which have a slight proprietary twist, don't give service providers and end users the advantages they're seeking, according to Verizon's Vice President of Product and New Business Innovation Shawn Hakl.
    LRTV Custom TV
    Dealing With a Disrupted Video Market

    5|2|16   |     |   (0) comments


    Ericsson's Simon Frost discusses how traditional pay-TV providers can cope with the big changes wrought by the rise of OTT video and IP technology.
    LRTV Custom TV
    The VNF Responsibility of Red Hat

    5|2|16   |     |   (0) comments


    At MWC, Caroline Chappell of Heavy Reading visits the Red Hat booth and sits down with Chris Wright to talk about the responsibility the VNF needs to take on in order to ensure the operators get the carrier-grade performance they expect for their network.
    LRTV Interviews
    AT&T Expert on the Key Pillars of UC

    4|29|16   |   03:58   |   (0) comments


    Vishy Gopalakrishnan, AVP of product marketing at AT&T, talks about the three developments that are making unified communications and collaboration secure and reliable for enterprise users.
    Upcoming Live Events
    May 23, 2016, Austin, TX
    May 23, 2016, Austin Convention Center
    May 24-25, 2016, Austin Convention Center, Austin, TX
    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: Woman Cards & Bitch Switches
    Sarah Thomas, Director, Women in Comms, 4/29/2016
    Sprint CEO: Our Spectrum Is for 5G
    Dan Jones, Mobile Editor, 5/3/2016
    Amazon & Other 'Big 4' Cloud Providers Crushing Competitors
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 4/29/2016
    Rovi Reels in TiVo for $1.1B
    Mari Silbey, Senior Editor, Cable/Video, 4/29/2016
    Showdown at the OpenStack Corral
    Carol Wilson, Editor-at-large, 5/3/2016
    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
    Sloth Mail Click Here
    Sloth mail -- somehow even slower than snail mail.
    Live Digital Audio

    Of all the tech companies in the Valley, Intel has made the most aggressive commitment to building a diverse and inclusive workplace culture. It's doing so by taking concrete, measurable steps, making a large financial investment and through a commitment to complete transparency about its progress. In this radio show, WiC Director Sarah Thomas will be joined by Shlomit Weiss, Intel's Vice President, Data Center Group, and General Manager of Networking Engineering, who will share with us why Intel is tackling this huge challenge, how and to what effect. She will also discuss her unique experiences leading development of Client SOC development in the past and today leading development of all of the chipmaker's silicon hardware for networking IPs and discrete devices and managing a team of 600 engineers across Israel, Europe and the US.