Light Reading

Euronews: Tieto Buys Siemens IMS Assets

Paul Rainford
1/15/2014
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Also in today's EMEA regional roundup: AlcaLu's 4G bods on the move; "private" smartphone announced; UK banks back Zapp.

  • Finnish Service Provider Information Technology (SPIT) specialist Tieto Corp. is to acquire a range of IMS (IP Multimedia Subsystem), SPIT and mobile assets from a division of Siemens AG (NYSE: SI; Frankfurt: SIE) for an undisclosed sum. Siemens Convergence Creators is selling an unspecified range of Network Directory Server (NDS), IP Multimedia Systems (IMS), Home Location Register (HLR) and Radio Access (RA) businesses to Tieto in a deal that will see 220 staff (based in Austria, Croatia, the Czech Republic, and Slovakia) transfer to Tieto, which says the new assets should deliver additional annual revenues of €15 million (US$20.4 million) and boost profitability. The move signals renewed confidence in the telecom sector for the IT services and R&D specialist, which cut staff in 2013 (about 770 jobs in October) due to a slowdown in its telecom-related activities. Tieto reported revenues of €1.25 billion ($1.7 billion) for the first 9 months of 2013.

  • Alcatel-Lucent (NYSE: ALU) has formed a partnership with Altran, a French engineering consultancy, to create a telecom services center near the city of Nantes. Under the terms of the deal, around 170 4G specialists will transfer from Alcalu's Orvault site to the new center.

  • A new Swiss-based joint venture between startups Silent Circle and Geeksphone has announced its inaugural product, the Blackphone, which its backers claim offers users the ability to do all the things they want to do on a smartphone without compromising their privacy or security. The Blackphone will be unveiled at Barcelona's Mobile World Congress next month. (See Blackphone Unveils Secure Smartphone.)

  • Four of the UK's biggest banks have lent their backing to Zapp, a mobile payments facility that enables customers to pay for goods and services in shops or online without cash or credit card (assuming they've got cash in their bank accounts, of course). As the BBC reports, HSBC, First Direct, Nationwide, and Santander (as well as the smaller Metro Bank) have all said they will add Zapp to their respective banking apps. A company called VocaLink, which is involved in several banking platforms, is behind Zapp.

  • UK satellite broadcaster Sky (NYSE, London: SKY) has launched AdSmart, a "tailored" advertising service that tweaks the lineup of ads shown around its programs according to the "profile" and location of the particular household to which they are being shown. According to the broadcaster, several big brands -- Tesco, American Airlines, and Audi among them -- have already signed up to the service, while others are waiting in the wings.

  • Brendan Ives has been appointed president of TeliaSonera International Carrier (TSIC) . Ives, a Kiwi, has been with the company for 13 years in a variety of roles.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Ray@LR
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    Ray@LR,
    User Rank: Blogger
    1/15/2014 | 9:28:14 AM
    Is this Tieto's VoLTE move?
    THis could be Tieto ramping up its capabilities in the mobile packet core and VoLTE -- it's already doing NFV stuff... 
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