& cplSiteName &

Eurobites: Carlos Slim Lands Telekom Austria

Paul Rainford
7/15/2014
50%
50%

Also in today's EMEA regional roundup: Com Hem profits up; Telefónica cozies up to Huawei; former Gowex boss could face long stretch.

  • The world's wealthiest individual, Carlos Slim, is to take a majority stake in Telekom Austria AG (NYSE: TKA; Vienna: TKA) following a public tender offer for shares in the European operator. Investors holding nearly 104 million shares, about 23.47% of Telekom Austria’s capital, agreed to sell to Slim's América Móvil S.A. de C.V. in a move that will cost €743.4 million (US$1.01 billion). Once the shares are bought, América Móvil will own (either directly or indirectly) 50.8% of Telekom Austria’s capital. Slim, whose wealth is estimated by Forbes at about $78.9 billion (equal to that of Bill Gates, who shares the "wealthiest" title currently), made his first significant move on the Austrian carrier, which has fixed, mobile and cable operations in multiple markets in Central and Eastern Europe, in mid-2012. (See Telekom Austria Acquires Macedonian Cable Operator, Telekom Austria Acquires B.net and Telekom Austria Notes America Movil Holdings.)

  • Com Hem AB , the Swedish cable operator that launched an over-subscribed IPO last month, posted core second-quarter profits up 3.5% year-on-year to 566 million Swedish kroner ($83 million), reports Reuters. (See Eurobites: Com Hem Sparks Gold Rush.)

  • Telefónica SA (NYSE: TEF) has announced a joint development agreement with Huawei Technologies Co. Ltd. focusing on FTTH. The Spanish giant has chosen Huawei's optical distribution network (ODN) solutions for its FTTH rollout.

  • The disgraced former CEO of Spanish WiFi networks provider Gowex Jenaro Garcia Martin could face more than 10 years in jail following fraud revelations at the company, reports Reuters. Garcia Martin admitted on July 6 that he had misrepresented Gowex's accounts for at least the last four years. For a full and frank examination of the shenanigans he was involved in, see this Bloomberg report.

  • Gemalto , the Dutch mobile security specialist, has joined a pan-African mHealth initiative that focuses on maternal and child health. Backed by the GSM Association (GSMA) , the PAMI initiative will use Gemalto to help it bring mHealth and nutrition-related services to those who need it through its SmartMessage interactive messaging product.

    mHealth in Africa: Ain't no better mobile application.
    mHealth in Africa: Ain't no better mobile application.

  • It appears BT Group plc (NYSE: BT; London: BTA) suffered something of a lost weekend -- as in lost email. The BBC reports that tens of thousands of BT customers were left without email services over the weekend, as the operator attempted to migrate those users who previously used the Yahoo-run email platform to its own offering. The migration was being handled by Openwave Messaging Inc.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (2)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    William L. Lind
    50%
    50%
    William L. Lind,
    User Rank: Light Beer
    7/22/2014 | 6:14:29 AM
    Re: Slim Shady
    I believe that mhealth can improve the quality of life in general public in the rural and urban areas. The essays writing services review will let the most importan thing about this issue. I appreciate their effort on this telekom m health .
    jabailo
    0%
    100%
    jabailo,
    User Rank: Light Sabre
    7/15/2014 | 10:36:50 AM
    Slim Shady
    Carlos Slim has been making big moves...cashing out of Mexican telecom.  Now he's going into European markets?   What does he know...

     
    Educational Resources
    sponsor supplied content
    Educational Resources Archive
    Light Reading’s Upskill U is a FREE, interactive, online educational resource that delivers must-have education on themes that relate to the overall business transformation taking place in the communications industry.
    NEXT COURSE
    Wednesday, September 14, 1:00PM EDT
    What Is Agile?
    Kent J. McDonald, Product Owner, Agile Alliance
    UPCOMING COURSE SCHEDULE
    Friday, September 16, 1:00PM EDT
    How to Implement Agile
    Alan Bateman, Director, Agile Transformation
    Wednesday, September 21, 1:00PM EDT
    What Is DevOps?
    Colin Kincaid, CTO, Service Provider, Cisco
    Friday, September 23, 1:00PM EDT
    How to Implement DevOps
    ,
    in association with:
    From The Founder
    Light Reading today starts a new voyage as part of a larger Enterprise.
    Flash Poll
    Live Streaming Video
    Charting the CSP's Future
    Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
    Between the CEOs
    CEO Chat: UXP Systems' Gemini Waghmare

    8|26|16   |     |   (0) comments


    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    LRTV Custom TV
    F5 Virtual Network Function Integrations With Partner Orchestration Platform

    8|24|16   |   6:38   |   (0) comments


    F5's Kishore Patnam, product manager for F5's service provider solutions, discusses why service providers are moving towards virtualization and how his clients are utilizing F5's solutions.
    Between the CEOs
    CEO Chat: Intel's Alexis Black Bjorlin

    8|17|16   |   06:23   |   (0) comments


    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Telecom Innovators Video Showcase
    Accelerating Telecom Digital Transformation With Nominum DNS

    8|1|16   |   12:04   |   (0) comments


    Light Reading's Steve Saunders gets an update from Nominum CEO Gary Messiana on how his company is helping carriers on the digital transformation journey.
    LRTV Custom TV
    Reinventing Operations for a Virtual, Software-Defined World

    7|28|16   |   5:23   |   (0) comments


    Heavy Reading Senior Analyst Jim Hodges speaks with Accenture's Larry Socher and Matt Anderson about what service providers must do to transform their business to get the benefits of SDN and NFV including: leveraging DevOps, introducing real-time OSS and implementing analytics.
    Women in Comms Introduction Videos
    Fujitsu Sales Leader Shares Lessons Learned

    7|27|16   |   5:12   |   (1) comment


    As Fujitsu's only female sales leader, Annie Bogue knows the importance of asking for what you want, being flexible (she's been relocated five times), keeping a meticulous calendar, 'leaning in,' working harder than everyone else around you, being aware and more.
    Telecom Innovators Video Showcase
    VeEX Test & Measurement Solutions

    7|25|16   |   08:57   |   (0) comments


    Cyrille Morelle, president and CEO of VeEX Inc., talks test and measurement with Light Reading's Steve Saunders at BCE 2016. This includes innovative products such as VeSion Cloud-Based platform for network monitoring; MTTplus Modular Test platform for Access, Business, Carrier Ethernet, Transport and Core services; and OPX-BOX+ for Fiber Optics.
    LRTV Custom TV
    VeEX: Live From BCE 2016

    7|25|16   |   03:20   |   (0) comments


    VeEX's Senior Director of Business Development, Perry Romano, explains how VeEX provides tools to help install, maintain, monitor and manage network infrastructure efficiently and effectively. The portfolio of products on display include the RXT-6000, MTTplus and TX300s.
    LRTV Custom TV
    Real-Time Telemetry & Analytics for Intelligent SDN Orchestration

    7|25|16   |   03:09   |   (0) comments


    Packet Design CEO Scott Sherwood discusses how real-time network telemetry and analytics are enabling a new breed of SDN orchestration applications.
    From the Founder
    The Russo Report: Driving Disruption

    7|25|16   |   07:44   |   (2) comments


    In the first episode of a four-part series, Light Reading Founder and CEO Steve Saunders and Calix President and CEO Carl Russo drive around town discussing the disruptive mega-changes in the communications industry and where hope lies for service providers to meet the escalating demands of the cloud.
    LRTV Custom TV
    NetScout: Maximizing Enterprise Cloud for Digital Transformation

    7|20|16   |   04:53   |   (0) comments


    Light Reading Editor Mitch Wagner talks to NetScout CMO Jim McNiel about maximizing the benefits of enterprise cloud and digital transformation while minimizing potential pitfalls with a proper monitoring and instrumentation strategy.
    Women in Comms Introduction Videos
    Ciena's VP Offers a Career Crash Course

    7|20|16   |   4:14   |   (2) comments


    How did Ciena's Vice President of Sales, Angela Finn, carve out her career path? Simple, she tells WiC. She stayed true to her company, customers and principles. She shares her advice for women on how to be authentic and credible, as well as for companies that want to make a real change to their culture and practices.
    Upcoming Live Events
    September 13-14, 2016, The Curtis Hotel, Denver, CO
    November 3, 2016, The Montcalm Marble Arch, London
    November 30, 2016, The Westin Times Square, New York City
    December 1, 2016, The Westin Times Square, New York, NY
    December 6-8, 2016, The Westin Excelsior, Rome
    May 16-17, 2017, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Infographics
    Hot Topics
    Cisco Developing 'Monica' Digital Assistant
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 8/22/2016
    FirstNet: A Billion-Dollar Boondoggle?
    Dan Jones, Mobile Editor, 8/26/2016
    WiCipedia: Should Men Be Included? & Olympians Face Discrimination
    Eryn Leavens, Special Features & Copy Editor, 8/26/2016
    Google Fiber Can't Be Called a Failure
    Carol Wilson, Editor-at-large, 8/26/2016
    Google Fiber Downsizing Not Confirmed
    Mari Silbey, Senior Editor, Cable/Video, 8/25/2016
    Like Us on Facebook
    Twitter Feed
    BETWEEN THE CEOs - Executive Interviews
    Light Reading CEO Steve Saunders and UXP Systems CEO Gemini Waghmare discuss the strategic importance of digital identity for operators in the midst of transformation.
    Join us for an in-depth interview between Steve Saunders of Light Reading and Alexis Black Bjorlin of Intel as they discuss the release of the company's Silicon Photonics platform, its performance, long-term prospects, customer expectations and much more.
    Animals with Phones
    Live Digital Audio

    Bridging the tech skills gap is a major challenge for service providers and suppliers alike today – and the challenge is two-fold when it comes to increasing the number of women in the comms space. Level 3 Communications has made it a priority to overcome both challenges by implementing several unique programs focused on building the right candidates from within – in addition to filling the funnel by supporting STEM and other education programs. During this radio show, you’ll learn about these programs from Mary Beth McGrath, SVP of Global Talent Management at Level 3, and the best ways to bridge your own skills gap so that you are motivated and equipped for change. Plus you’ll have the chance to ask Mary Beth your questions live on the air.