& cplSiteName &

Eurobites: Google Ventures Crosses the Pond

Paul Rainford
7/10/2014
50%
50%

Also in today's EMEA regional roundup: UK government plans to carry on (data-)snooping; Telefónica must cough up; operators bend EU's ear.

  • Google Ventures has launched a European branch in London, backed by an initial investment of $100 million, reports Bloomberg. In the US, Google Ventures has put money into Nest Labs and Uber Technologies, among others. (See Google to Buy Nest for $3.2B.)

  • The UK government plans to rush through emergency legislation that will allow the police and security services to continue to have access to personal mobile and other data records, reports the BBC. The move is a response to the recent European Court of Justice ruling that an earlier EU directive -- which formed the basis of UK's Data Retention (EC Direction) Act of 2009 -- was no longer valid. Not surprisingly, civil liberties groups are not happy about the news, calling it a "stitch-up" that is being railroaded through on a cross-party basis without proper scrutiny. See this report in The Guardian for more on their gripes.

  • The €152 million ($206 million) fine slapped on Telefónica SA (NYSE: TEF) by the European Commission for effectively imposing unfair prices on its competitors in the Spanish market has been upheld in the European Court of Justice. See this CoJ press release for the Court's explanation of its decision to completely dismiss Telefonica's appeal against the fine.

  • Russian operator MegaFon has completed its acquisition of a 50% share in Euroset, Russia's largest mobile phone retailer, for $657.3 million.

  • Some of Europe's heaviest telecom industry hitters have combined with the GSM Association (GSMA) to present a statement to Matteo Renzi, Prime Minister of Italy and President of the Council of the European Union, requesting, among other things: a "pro-investment regulatory framework"; support for the re-allocation of spectrum; a new interpretation of merger guidelines to support increased consolidation; and a "level playing field of regulation" between the communications industry on the one hand and the "Internet industry" on the other. (See Euro Operators Appeal to EU President.)

  • A study commissioned by BT Group plc (NYSE: BT; London: BTA) has concluded that the "social value" of being online is worth more than ₤1,000 ($1,710) a year, when factors such as improved employment opportunities and reduced feelings of isolation are taken into consideration. And there's always a chance that one of those badly spelt emails from Nigeria will help boost your bank account, of course.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (1)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Susan Fourtané
    50%
    50%
    Susan Fourtané,
    User Rank: Blogger
    7/11/2014 | 1:32:19 AM
    Google ventures crosses the pond
    Having London been declared the technology capital of the world launching a European branch in London sounds like a smart idea.

    London's tech sector is going to be boosted further and even more startups are going to set their eyes in the English capital. This will give Google Ventures a variety of European tech companies from which to choose and help grow. 

    It's a great chance to access new investment, encourage job creation, and economic growth not only in London but in Europe as a whole. 

    Earlier this month, Santander UK was also reported to set up a $100m venture capital fund that will be based in London as plan of its investment in financial technology start-ups around the globe.

    Great news, indeed.

    -Susan
    From The Founder
    Light Reading sits down at CES with the head of Cisco's service provider video business, Conrad Clemson, to discuss how NFV and cloud security relate to video, the challenge of managing 4K/8K traffic, the global expansion of Netflix and virtual reality.
    Flash Poll
    Live Streaming Video
    CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
    Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
    LRTV Documentaries
    All Change in Video

    2|11|16   |   33:12   |   (1) comment


    At this moderated panel at 2020 Vision in Dublin, Alan Breznick, Cable/Video Practice Leader of Light Reading, sits down with Jeff Finkelstein, director of network architecture at Cox Communications, to discuss the rapidly changing video market.
    LRTV Custom TV
    Hosting in Ireland, Past & Present

    2|10|16   |   16:07   |   (0) comments


    Garry Connolly, president of Host in Ireland, presents the keynote at Light Reading's 2020 Vision Executive Summit in Dublin.
    Women in Comms Introduction Videos
    What's Hot in Mobile Commerce?

    2|10|16   |   12:18   |   (1) comment


    Claire Maslen, financial services relationship manager at the GSMA, talks about the development of the digital commerce sector and the types of relationships that mobile operators are developing to further their m-commerce strategies.
    LRTV Documentaries
    EANTC Tests Nokia IP Routing & Mobile Gateway VNFs for Real World Deployment

    2|9|16   |   5:08   |   (1) comment


    Nokia obtained validation of its virtualized router and virtualized mobile gateway capabilities through rigorous testing performed by EANTC. The results set a new industry benchmark for outstanding performance, scalability, resiliency and manageability. Nokia VNFs are ready for telco cloud deployment, so that service providers can accelerate mobile, business and ...
    Between the CEOs
    CEO Chat With Level 3's Jack Waters

    2|8|16   |   26:15   |   (1) comment


    Light Reading CEO and founder Steve Saunders sits down with Level 3 Communications' CTO Jack Waters to discuss hot topics like virtualization, 4K and the future of telecom...
    LRTV Custom TV
    The Composable Telco

    2|8|16   |   24:46   |   (0) comments


    Heavy Reading's Principal Analyst Caroline Chappell presents the keynote at Light Reading's 2020 Vision Executive Summit in Dublin.
    LRTV Custom TV
    Join Us at the Digital Operations Transformation Summit

    2|4|16   |   03:52   |   (0) comments


    The Digital Operations Transformation Summit on February 21, 2016 at the Crowne Plaza Barcelona Fira Centre will bring together 50 senior executives to engage in a unique debate on the opportunities and challenges presented by the transformative evolving digital landscape. RSVP now at events@lightreading.com.
    LRTV Custom TV
    Making the Test: ADVA Ensemble Connector vs. Open vSwitch

    2|4|16   |   01:28   |   (0) comments


    Light Reading, in partnership with EANTC, recently tested ADVA's Ensemble Connector, which replaces open vSwitch and offers carrier-grade capability and interoperability. The test results strengthen ADVA's credibility as a provider in the virtualization space.
    LRTV Custom TV
    Bridging the Gap Between PoCs & Deployment in NFV

    2|4|16   |   31:50   |   (0) comments


    Charlie Ashton of Wind River presents the keynote at Light Reading's 2020 Vision executive summit in Dublin.
    Between the CEOs
    CEO Chat With Mike Aquino

    2|3|16   |   17:34   |   (0) comments


    The former CEO of Overture Networks, Mike Aquino, discusses why truly open virtualization solutions provide service providers with the greatest choice.
    Shades of Ray
    MWC: Buckle Up for 5G & the IIoT

    2|2|16   |   02:28   |   (0) comments


    This year's Mobile World Congress looks set to be a 5G land grab and a chance to get down and dirty with the Industrial Internet of Things (IIoT) – but what will the 5G discussions actually be about?
    LRTV Custom TV
    Case Study: Building China's Next-Gen TV Networks

    2|2|16   |   5:01   |   (0) comments


    With over 2 billion viewers worldwide, Shenzhen Media Group is one of China's largest content producers. By partnering with Huawei and Sobey, SZMG was able to modernize media operations with the Converged News Center, a production studio that is a model for next-generation workflows.
    Upcoming Live Events
    March 10, 2016, The Cable Center, Denver, CO
    April 5, 2016, The Ritz Carlton, Charlotte, NC
    May 23, 2016, Austin, TX
    May 24-25, 2016, Austin Convention Center, Austin, TX
    All Upcoming Live Events
    Hot Topics
    Yahoo & Verizon Sitting in a Tree...
    Brian Santo, Senior editor, Test & Measurement / Components, Light Reading, 2/8/2016
    AT&T Lights Fire Under 5G, Plans 2016 Trials
    Iain Morris, News Editor, 2/12/2016
    Vodafone: Flexible Work Policies Boost Profits
    Sarah Thomas, Editorial Operations Director, 2/8/2016
    It's Time to Integrate OTT Video
    Alan Breznick, Cable/Video Practice Leader, 2/8/2016
    Andreessen Facepalms on Facebook Free Basics
    Mitch Wagner, West Coast Bureau Chief, Light Reading, 2/10/2016
    Like Us on Facebook
    Twitter Feed
    Webinar Archive
    BETWEEN THE CEOs - Executive Interviews
    Light Reading CEO and founder Steve Saunders sits down with Level 3 Communications' CTO Jack Waters to discuss hot topics like virtualization, 4K and the future of telecom...
    The former CEO of Overture Networks, Mike Aquino, discusses why truly open virtualization solutions provide service providers with the greatest choice.
    Live Digital Audio

    Broadband speeds are ramping up across Europe as the continent, at its own pace, follows North America towards a gigabit society. But there are many steps to take on the road to gigabit broadband availability and a number of technology options that can meet the various requirements of Europe’s high-speed fixed broadband network operators. During this radio show we will look at some of the catalysts for broadband network investments and examine the menu of technology options on offer, including vectoring and G.fast for copper plant evolution and the various deployment possibilities for FTTH/B.