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Business Transformation

Eurobites: Alcatel-Lucent Reaches Finnish Line

Also in today's EMEA regional roundup: Olaf Swantee to leave EE; Ericsson, Volvo collaborate on streaming for self-driving cars; Zayo buys Viatel.

  • NokAlu is go! Nokia has gained control of Alcatel-Lucent following a successful public exchange offer that will see the Finnish vendor holding nearly 80% of outstanding shares in its former rival. The first day of trading as a joint entity will be January 14. (See Nokia Gains Control of Alcatel-Lucent, Eurobites: Shareholders Approve 'NokAlu' Deal, Nokia + AlcaLu: What the Analysts Say and How Do Nokia & Alcatel-Lucent Stack Up?.)

  • Olaf Swantee is to step down as CEO of EE once the UK mobile operator has been acquired by BT -- a deal which is due to be completed early this year. Swantee will be replaced by Marc Allera, currently EE's chief commercial officer. In a statement, Swantee said that he planned to "pursue new opportunities." (See BT, EE Defend $19.9B Merger Plans and 10 Telecom Greats & Their Doppelgängers.)

  • Swedish car maker Volvo is to develop intelligent, high-bandwidth streaming capabilities for self-driving vehicles in partnership with Ericsson. Ericsson is predicting a future where streamed content for non-driving passengers can be automatically tailored to the duration of each trip. So if you're planning to watch the complete boxed set of Homeland, it will tell you to take the long way round.

  • Zayo Group Inc. (NYSE: ZAYO), the Colorado-based provider of communications infrastructure services, has expanded its European footprint after completing its acquisition of Viatel from Ireland's Digiweb Ltd. , for €98.8 million (US$107.6 million).

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Ariella 1/4/2016 | 9:43:23 AM
    Cars So everyone is getting into the connected car business. I hope they all will have learned from the mistakes of those who already ventured into the space to secure their systems from hacks that allow outsiders to gain control of the car.
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