& 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ruling that an earlier EU directive -- which formed the basis of UK's Data Retention (EC Direction) Act of 2009 -- was no longer valid.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
    The independent evaluation of Nokia's key virtual network functions (VNFs) was a defining moment for the Finnish giant.
    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.
    LRTV Custom TV
    Cisco's Innovations in Cable

    5|26|16   |   03:18   |   (0) comments


    Marc Aldrich from Cisco discusses the latest in security, the evolution and momentum for CCAP and what the industry will be seeing next from Cisco.
    LRTV Documentaries
    Leading Lights 2016 Highlights

    5|25|16   |   02:26   |   (1) comment


    Some of the high points from this year's Leading Lights awards dinner at the Hotel Ella in Austin, Texas.
    LRTV Documentaries
    Light Reading Hall of Fame 2016

    5|23|16   |   05:43   |   (0) comments


    Find out who has been welcomed into Light Reading's Hall of Fame this year.
    LRTV Custom TV
    ZTE TM Forum Highlights

    5|23|16   |     |   (0) comments


    ZTE showcased its new ICT solutions at TM Forum in Nice.
    LRTV Interviews
    Gamma's MD on the Emergence of UC2

    5|20|16   |     |   (0) comments


    Gamma Communications Managing Director David Macfarlane believes the unified communications (UC) market has reached a tipping point.
    LRTV Custom TV
    The Ultimate 5-Minute Guide to Digital Customer Engagement

    5|20|16   |     |   (0) comments


    In this short video, you will hear all about how Digital Customer Engagement is the key to meeting customer expectations, keeping them happy, and maximizing revenue. VP Product & Marketing at Pontis, Ofer Razon, breaks down for us the five essential capabilities for successful Digital Customer Engagement. Don’t miss!
    LRTV Custom TV
    NFV in 2016: Part 1 – NFV Use Cases Get Real

    5|19|16   |   05:57   |   (0) comments


    Consensus is building around the key use cases for NFV, including managed IP services at the network edge and on customer premises, which can generate new revenues from enterprises/SMBs and consumers; Evolved Packet Core to support LTE migration; and adjacent technologies, such as TAS and IMS, to support VoLTE and next-generation charging and policy control ...
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 3

    5|19|16   |     |   (0) comments


    Steve Vogelsang discusses the challenges of operational transformation and how Nokia helps its customers. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Level 3: Why UC Is In Demand

    5|17|16   |   04:12   |   (1) comment


    Andrew Edison, Level 3's senior VP of sales, EMEA region, talks about the drivers of growth in the unified communications services market.
    LRTV Custom TV
    ARM's OPNFV Action

    5|17|16   |     |   (0) comments


    At the ARM booth at MWC 2016, Joe Kidder and Bob Monkman speak to Light Reading about OPNFV and their upcoming action.
    LRTV Custom TV
    Nokia's Steve Vogelsang on NFV – Part 2

    5|16|16   |     |   (0) comments


    Steve Vogelsang gives advice to service providers on how to move to NFV. Join Steve at the Big Communications Event in Austin the morning of May 24, on his keynote and optical networking panel.
    LRTV Interviews
    Interoute CTO on NFV's Maturity

    5|13|16   |   06:46   |   (1) comment


    Matt Finnie, CTO at international operator Interoute, explains how NFV has made life easier in terms of logistics and how Interoute can now enable a 'software-defined moment' for its customers.
    Upcoming Live Events
    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
    DT: Telcos Must Escape Vendor Prison
    Iain Morris, News Editor, 5/24/2016
    AT&T to Start 5G 'Friendly' Trial by 2016 End
    Dan Jones, Mobile Editor, 5/24/2016
    Cable Is Eyeing Its Retail Options
    Mari Silbey, Senior Editor, Cable/Video, 5/25/2016
    AT&T's Margaret Chiosi Retires
    Ray Le Maistre, Editor-in-chief, 5/25/2016
    Verizon Backpedals on Go90
    Mari Silbey, Senior Editor, Cable/Video, 5/24/2016
    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
    Live Digital Audio

    Our world has evolved through innovation from the Industrial Revolution of the 1740s to the information age, and it is now entering the Fourth Industrial Revolution, driven by technology. Technology is driving a paradigm shift in the way digital solutions deliver a connected world, changing the way we live, communicate and provide solutions. It can have a powerful impact on how we tackle some of the world’s most pressing problems. In this radio show, Caroline Dowling, President of Communications Infrastructure & Enterprise Computing at Flex, will join Women in Comms Director Sarah Thomas to discuss the impact technology has on society and how it can be a game-changer across the globe; improving lives and creating a smarter world. Dowling, a Cork, Ireland, native and graduate of Harvard Business School's Advanced Management Program, will also discuss her experience managing an international team focused on innovation in an age of high-speed change.