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Euronews: EU Kills Broadband Budget

Europe's politicos, Ericsson AB, Gemalto and the International Telecommunication Union (ITU) feature in today's regional roundup.
  • The European Union's political heavyweights have sacrificed the planned regional investments in broadband infrastructure as part of the agreed budget cuts announced late last week. The new total EU spending plan across the 28 member states for 2014-2020 is now pegged at €908.4 billion (US$1.22 trillion), about €34 billion ($45.5 billion) lower than originally proposed. The cuts were achieved by reducing the planned investments related to a number of infrastructure, research and technology projects, including the Connecting Europe Facility. As a result, the European Commission might not invest anything in broadband infrastructure during the seven-year stretch covered by the budget, throwing the digital agenda of EC commissioner Neelie Kroes into chaos.
  • Ericsson and Dutch digital security specialist Gemalto have teamed up to market a machine-to-machine (M2M) platform based on embedded Universal Integrated Circuit Card subscription management technology.
  • The ITU has published an extensive "Outcomes Report" that provides details from, and analysis of, the various sessions, workshops and discussions held at the Union's Telecom World event, which took place in Dubai during October 2012. You can access the report here.
  • The flurry of M&A activity in the last week or two has prompted private equity firms to resurrect plans for a £10 billion ($15.7 billion) buyout of U.K. mobile joint venture Everything Everywhere Ltd. (EE), reports Reuters. Kohlberg Kravis Roberts & Co. (KKR) and CVC Capital Partners are among the names being bandied around as interested parties. (See Euronews: EE Tests Waters on Flotation.)
  • Now here's an arresting/alarming (delete where applicable) announcement from Germany's largest carrier: "Deutsche Telekom partners with Depeche Mode." For music fans of a certain vintage, the very mention of these leather-trousered hardy perennials of synth-heavy pop brings back painful memories of teenage discos. But, let's be honest, they're more fun than Kraftwerk. (For the record, DT are "presenting" some of the gigs in DM's forthcoming European tour.) — Paul Rainford, Assistant Editor, Europe, Light Reading

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