Euronews: Dec. 22

Ericsson AB (Nasdaq: ERIC), BT Group plc (NYSE: BT; London: BTA), Telia Company , and Swisscom AG (NYSE: SCM) bite the bullet points in today's roundup of Euro telecom news headlines.

  • Ericsson is hoping to boost its Service Provider Information Technology (SPIT) capabilities and beef up its multi-vendor network management customer base with the acquisition of Optimi , a network optimization system specialist. Optimi is based in Spain and has mobile operator customers all over the world, AT&T Inc. (NYSE: T) and China Mobile Ltd. (NYSE: CHL) among them. (See Ericsson Buys Mobile SPIT Specialist.)

  • UK incumbent BT is getting more grief from Ofcom : Bloomberg reports that, this time, BT is being investigated by the regulator following complaints from Cable & Wireless Worldwide plc (London: CW)-owned alternative operator THUS plc (London: THUS) that it engaged in a "margin squeeze" on its wholesale prices by setting them too high to allow for fair competition. BT, hardly surprsingly, refutes the allegations.

  • Europe will have better links to the Middle East by the second half of 2011, if a newly announced subsea fiber project goes to plan. A consortium of seven operators, including Turkcell, Etisalat and Jordan Telecom , have signed an agreement on a scheme that will see a high-speed cable run from Fujairah in the United Arab Emirates to Istanbul, via Saudi Arabia, Jordan, and Syria, with links to Europe via access points in Bulgaria. (See Middle East to Get New Subsea Cable.)

  • Reuters reports that Swedish carrier TeliaSonera and Russian telecom investment company Altimo are appealing against a court ruling blocking a proposed business merger involving their investments in Turkey and Russia.

  • Swisscom is partnering with utility firm Engergie Wasser Bern on an FTTX network in the Swiss city of Bern. The project will cost about 172 million Swiss francs (US$180.6 million), of which Energie Wasser Bern will bear 40 percent and Swisscom the rest. It is envisaged that 90 percent of buildings in the city will have access to the network by 2017. (See Berne to Get FTTH.)

    Elsewhere in Europe:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Be the first to post a comment regarding this story.
    Sign In