Light Reading

Euronews: TeliaSonera Fires Four After Eurasia Probe

Paul Rainford
11/29/2013
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Also in today's EMEA roundup: Iliad wants to share networks; AlcaLu heading back into France's blue-chip index; 4G changing behaviors; eircom expands FTTH plan.

  • Black bin bags will be at a premium in the offices of Nordic operator TeliaSonera AB (Nasdaq: TLSN), which has fired its CFO Per-Arne Blomquist and three other senior execs after a review of its transactions in Eurasia, reports Bloomberg. In a statement announcing the dismissals, TeliaSonera said: "On the basis of the information and conclusions to date it is evident to TeliaSonera's Board and CEO that the processes for conducting some transactions have not been in line with sound business practices." TeliaSonera launched a review of its investments in Uzbekistan more than a year ago. (See TeliaSonera Fires Execs Over Eurasia Deals and TeliaSonera Launches Uzbek Review.)

  • Iliad (Euronext: ILD), which has turned the French mobile market upside-down with its Free Mobile brand, is looking to become part of the network-sharing plan set up by rivals SFR and Bouygues Telecom , reports Reuters. Whether SFR and Bouygues will be that keen to share their networks with an upstart that has taken so much of their business away remains to be seen -- though they may have no choice in the matter if Iliad pursues its desires through the courts. (See Free Disrupts French Mobile Market.)

  • Michel Combes's Shift Plan could be shifting Alcatel-Lucent (NYSE: ALU) back onto France's blue-chip CAC 40 index of companies, reports Reuters. AlcaLu lost its place on the index a year ago, but analysts believe its apparent turnaround could see it replacing chipmaker STMicroelectronics on the list. (See Alcatel-Lucent: Not Ready for a Breakup, Alcatel-Lucent to Cut 10,000 Jobs, and Euronews: AlcaLu Loses Seat at Top Table.)

  • Mobile usage trends are being fundamentally affected by the introduction of 4G services, according to a new study conducted by TNS and sponsored by Orange (NYSE: FTE). The study, which looked at users in the UK, France, and Spain, found that, among other things, 4G networks are: "igniting uptake in m-commerce"; leading to an increase in "showrooming," where people use their mobile to search for the cheapest deals; and promoting the use of apps over browsers to access the Internet. (See Orange Reveals 4G Usage Trends.)

  • Irish operator eircom has expanded its planned FTTH footprint, from 1.2 million homes and businesses to 1.4 million homes and businesses across the Republic. If all goes to plan, 70% of the country will have access to broadband speeds of up to 100 Mbit/s by July 2016. (See Eircom Expands FTTH Footprint.)

  • Those BT Group plc (NYSE: BT; London: BTA) TV customers who have a soft spot for the late, great Walrus of Love or are partial to the overwrought caterwauling of Mariah Carey are in luck, because they're both artists on Universal Music, and BT has launched a Universal-backed music streaming service for its TV customers, reports The Guardian.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    albreznick
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    albreznick,
    User Rank: Blogger
    12/3/2013 | 12:20:27 AM
    Re: Walrus of Love
    I can't believe you worked Barry White into EuroNews, Paul. More power to you. Almost as good, in fact, as a cable reference, which, sadly,this coilumn is lacking. But I'll cut you some slack just this once because of Barry. 
    DanJones
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    DanJones,
    User Rank: Blogger
    11/30/2013 | 9:33:59 PM
    Re: Walrus of Love
    Sure do miss those fish.
    Ray@LR
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    Ray@LR,
    User Rank: Blogger
    11/29/2013 | 3:45:28 PM
    Re: Walrus of Love
    where is this heading, Dan?
    DanJones
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    DanJones,
    User Rank: Blogger
    11/29/2013 | 3:04:23 PM
    Re: Walrus of Love
    If I recall correctly Light Reading used to share a fish tank cleaner with Mariah Carey when we had the office in Tribeca.
    DOShea
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    DOShea,
    User Rank: Blogger
    11/29/2013 | 11:51:58 AM
    TeliaSonera
    It took more than a year to figure out that TeliaSonera needed to fire people and issue a vaguely-worded statement. I wonder if we will hear more details anytime soon.
    DOShea
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    DOShea,
    User Rank: Blogger
    11/29/2013 | 10:11:54 AM
    ALU
    Seemed like just days ago we were talking about how far ALU still had to go on its comeback trail. Now, suddenly, the assumption is that the comeback can be declared a success.
    PaulERainford
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    PaulERainford,
    User Rank: Light Sabre
    11/29/2013 | 7:30:18 AM
    Re: Walrus of Love
    The beauty of Barry is that he found a winning formula and stuck with it. I mean, REALLY  stuck with it.
    Ray@LR
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    Ray@LR,
    User Rank: Blogger
    11/29/2013 | 7:21:13 AM
    Walrus of Love
    Paul - I know have 'You Are The First, My Last, My Everything' running on loop in my head.... classic backing singing though... 
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