Eurobites: Numericable Funds SFR Buy With €4.7B Rights Issue

Also in today's EMEA regional roundup: Ericsson teams with Tibco; Telenor numbers on the up; BSkyB invests in 'young millennials' content.

Paul Rainford, Assistant Editor, Europe

October 29, 2014

2 Min Read
Eurobites: Numericable Funds SFR Buy With €4.7B Rights Issue

Also in today's EMEA regional roundup: Ericsson teams with Tibco; Telenor numbers on the up; BSkyB invests in "young millennials" content.

  • French cable operator Numericable-SFR is launching a €4.7 billion (US$6 billion) rights issue to fund its planned acquisition of SFR , which it agreed to buy from Vivendi in April for $23 billion, Bloomberg reports. The acquisition, once complete, will enable Numericable to compete with Orange (NYSE: FTE), Iliad (Euronext: ILD) (Free) and Bouygues Telecom in the quad-play market. (See Eurobites: Numericable Wins SFR M&A Tussle.)

    • Ericsson AB (Nasdaq: ERIC) has further added to its Service Provider Information Technology (SPIT) capabilities by forming a "global OSS/BSS partnership" with middleware specialist Tibco Software Inc. (Nasdaq: TIBX). The Swedish vendor, which recently announced its third quarter financials, has been bolstering its Support Solutions business unit, which includes all of its OSS and BSS assets, with strategic targeted acquisitions and investments, but on this occasion it has opted for an industrial collaboration. The relationship gives Ericsson an extra option to offer communications service providers, and other customers, as it seeks to win network and business transformation projects by combining its technology and professional services capabilities, and also gives it a well-known and trusted middleware solution that can be pitched against rival offerings from the likes of Oracle Corp. (Nasdaq: ORCL). (See Ericsson, TIBCO Form OSS/BSS Partnership, Global Reach Helps Ericsson Grow in Q3, OpenStack Specialist Mirantis Raises $100M, PaaS It On: Ericsson Buys Into Cloud Startup Apcera and Ericsson Goes Beyond Telecom with MetraTech Acquisition.)

    • Nordic group Telenor Group (Nasdaq: TELN) is claiming its best-ever quarter in terms of EBITDA (earnings before interest, tax, depreciation and amortization) and operating cash flow, with third-quarter revenues of 27.7 billion Norwegian kroner ($4.1 billion) and EBITDA of NOK10.3 billion ($1.5 billion). Customer uptake in such far-flung outposts of the Telenor empire as India, Bangladesh and Myanmar helped drive earnings.

    • Deutsche Telekom AG (NYSE: DT) has formed a partnership with US-based cybersecurity specialist FireEye Inc. to help defend DT's corporate customers in Europe from attacks that traditional defense systems such as firewall and anti-virus programs can't deal with.

    • UK triple-play provider Sky has invested $7 million in Whistle Sports, a US-based sports network that targets "young millennials," whatever they are, with content featuring non-mainstream, saggy-trousered pursuits such as ultimate frisbee and skateboarding. Like, totally rad, dude. Or something.

      — Paul Rainford, Assistant Editor, Europe, Light Reading

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About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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