Euronews: Will NSN Buy AlcaLu's Mobile Unit?

Also in today's EMEA roundup: Telekom Austria's not scared of Slim; Vodafone execs hit bonus jackpot; BT trials Huawei's G-fast tech.

Paul Rainford, Assistant Editor, Europe

October 21, 2013

2 Min Read
Euronews: Will NSN Buy AlcaLu's Mobile Unit?

Also in today's EMEA roundup: Telekom Austria's not scared of Slim; Vodafone execs hit bonus jackpot; BT trials Huawei's G-fast tech.

  • Speculation is mounting that Nokia Corp. (NYSE: NOK) will use some of the cash it pockets from the sale of its handsets unit to Microsoft Corp. (Nasdaq: MSFT) to buy Alcatel-Lucent (NYSE: ALU)'s mobile networks equipment business and merge it with Nokia Networks , reports Bloomberg. A Helsinki-based analyst with Nordea Bank confidently predicts to Bloomberg that "there is a relatively high likelihood of this deal happening,” with estimates of value of the deal ranging from €1 billion (US$1.3 billion) to €2 billion ($2.7 billion). (See Nokia Sells Devices Business to Microsoft and ALU + NSN: A Reality Check.)

    • Should Telekom Austria AG (NYSE: TKA; Vienna: TKA) be afraid of Carlos Slim's intentions now that his bid to take over KPN has run into the sand? Not according to Telekom Austria CEO Hannes Ametsreiter, who, Reuters reports, told a retail investment conference that although Slim's América Móvil S.A. de C.V. already owned nearly 23 percent of the company he did not think that it would "act in a hostile way" to increase its stake. (See Euronews: Slim Abandons KPN Bid.)

    • Vodafone Group plc (NYSE: VOD)'s senior executives are in line for a combined £56 million ($90.5 million) in bonuses when the $130 billion sale of the UK-based group's stake in Verizon Wireless completes next year, predicts The Guardian. The terms of the deal allow Vodafone's big cheeses to include recent gains in the company's stock market value to be reflected in the bonuses. (See Vodafone Agrees to $130B Verizon Stake Sale.)

    • BT Group plc (NYSE: BT; London: BTA) is to conduct a field trial of fixed access technology from Huawei Technologies Co. Ltd. The move fits in with BT's planned broadband rollout strategy but could cast doubts on the potential for nationwide FTTH deployments. (See BT Trials Huawei's for FTTx.)

    • Belgian mobile operator Mobistar SA , which revised its full-year outlook substantially downwards in July, has posted third-quarter profits down 26 percent year-on-year to €89.1 million ($122 million), though, as Reuters reports, this is still a better result than several analysts had predicted.</ p>

    • Etisalat has teamed up with MasterCard for a demonstration of a mobile payments system designed for the much-hyped Google Glass device. Here's Ahmad Abdulkarim Julfar, the CEO of Etisalat, having a go… Figure 1: 'No, really boss, it doesn't look stupid at all.' "No, really boss, it doesn't look stupid at all."

      — Paul Rainford, Assistant Editor, Europe, Light Reading

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About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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