Business Transformation

Eurobites: Ericsson Plans $1.2B in Cuts

Also in today's EMEA regional roundup: CityFibre's dark fiber backhaul deal; Sky completes European acquisitions, tweaks name; drones latest!

  • Ericsson AB (Nasdaq: ERIC) is planning on making savings of 9 billion Swedish kronor (US$1.21 billion) as part of a three-year restructuring program it announced Thursday morning. A reduction in headcount inevitably forms part of the plan, though the vendor is not talking numbers on job cuts yet. The rationalization will cover R&D and supply chain efficiencies, among other areas. (See Ericsson Sets Its Sights Outside Telecom.)

  • CityFibre , the challenger to BT Group plc (NYSE: BT; London: BTA) in the UK fiber infrastructure market, has signed a long-term dark fiber backhaul deal with mobile operators EE and Three UK and their infrastructure joint venture Mobile Broadband Network Limited (MBNL). The first project covered by the national framework agreement is already underway in the northern English city of Kingston-upon-Hull. (See Eurobites: Scotland Gets a Gigabit City.)

  • What was BSkyB is now just plain old Sky . The moniker tweak comes as UK triple-play behemoth completes its acquisitions of Sky Italia and Sky Deutschland. The newly enlarged group will now serve 20 million customers across the UK, Germany, Italy, Ireland and Austria. But does Sky have cause to be concerned on the sports content front? BT now claims that there are more British pubs showing BT Sport channels on the big screen than there are those showing similar fare from Sky Sports. (See Eurobites: BSkyB Agrees $9.1B M&A Deal and Confirmed: BT's Got Euroballs.)

  • Drone alert! Amazon.com Inc. (Nasdaq: AMZN) is trying to recruit drone pilots in the UK as the online retail king looks into using the slightly creepy flying gizmos to deliver parcels, reports the Daily Telegraph. Some noted visionaries believe that drones are the future of global communications. (See Forget the Internet, Brace for Skynet, Comms in Space! Musk Plans Micro-Satellites, Google Leases NASA's Moffett Field and Qualcomm, Intel Back Drones Code Project.)

    A noted visionary: He's seen the future, and it's drone-shaped.
    A noted visionary: He's seen the future, and it's drone-shaped.

  • It may have had its surprise bid for T-Mobile US Inc. rejected, but French challenger Iliad (Euronext: ILD) continues to thrive, with revenues rising 12% year-on-year in the third quarter to €1.06 billion ($1.31 billion) and mobile subscribers rising by 480,000, reports Reuters. Iliad, through its Free Mobile brand, now has 9.6 million mobile subscribers in total. (See Eurobites: Iliad Surges Following T-Mobile's Rebuff.)

  • Alcatel-Lucent (NYSE: ALU) has landed a contract to upgrade Liquid Telecom 's networks in Kenya and Uganda using GPON and DWDM technologies. Liquid Telecom has built Africa's largest single-fiber network, which runs from the north of Uganda to South Africa's Cape Town. (See Liquid Telecom Expands With Alcatel-Lucent Gear.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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