"The Socio-Economic Impact of Bandwidth," a new report from the European Commission, suggests that the European Union's 27 member nations could see a cumulative benefit from high-speed broadband of between €200 billion (US$257 billion) and €600 billion ($772 billion) during 2012-2020. How did it arrive at such a conclusion? (A good question -- thank you for asking.) The answers (including forecasts regarding the number of jobs that could be created as a result of broadband investments) are to be found in the extensive report, which is
free and easy to download.
Telefónica is selling all of its treasury stock -- equivalent to 2 percent of the company's entire capital -- to further drive down its debts, reports Bloomberg. It is thought that the sale of the stock could raise €990 million ($1.3 billion) for Telefónica, which is still Europe's most debt-laden operator, despite recent asset sales. Plans for an IPO of its Latin American business have, however, been shelved. (See Euronews: Telefónica to Seek UK IPO? and Euronews: Telefónica Firms Up German IPO.)
ShareThis, the online content-sharing app developer, has raised $23 million in a new round of funding that was led by T-Venture, the investment arm of Deutsche Telekom AG. The funding round comes as ShareThis accelerates its mobile platform strategy, a move helped by its acquisition of apps developer Socialize. For more details see this press release.
The telecom regulator in Saudi Arabia is considering blocking encrypted messaging services such as Skype and WhatsApp unless it is given a way of monitoring them, according a BBC report that cites various sources in the country.
It's a case of FTTH (fiber-to-the-haggis) for BT, which is investing £19.4 million ($29.4 million) in a state-aided project valued at £146 million ($221 million) to bring fiber to Scotland's beautiful but remote Highlands and Islands region. (Sorry about that, Scotland. We feel the need to make our own entertainment sometimes at Euronews Towers.)
— Paul Rainford, Assistant Editor, Europe, Light Reading