Eurobites: Tele Columbus Closes In On IPO

Also in today's regional roundup: ADVA names a new CFO; Birdstep sells part of its mobile security business; Blinkbox could attract rival bids.

  • Having missed its original end-of-year 2014 deadline, German cable operator Tele Columbus AG says it is now on course for an IPO on the Frankfurt Stock Exchange during the first half of 2015. The company, which delivers its TV, broadband and voice services to about 1.7 million households in various parts of Germany, expects to raise at least €300 million (US$361 million) from the listing. (See Tele Columbus Updates Its IPO Plans and Tele Columbus Announces IPO.)

  • Optical and Carrier Ethernet equipment vendor ADVA Optical Networking has named Ulrich Dopfer as its CFO and president of ADVA's North American subsidiary. Dopfer, who has been with the company for 10 years and who was previously VP of financial planning & analysis and corporate services, takes over from Jaswir Singh, who left the company on December 31. (See ADVA Appoints New CFO.)

  • Norwegian mobile security specialist Birdstep Technology ASA (Oslo: BIRD) has sold its enterprise secure connectivity unit, Birdstep Technology Oy, to embedded software systems vendor Elektrobit Technologies Ltd for €1.9 million ($2.3 million). The move will enable Birdstep Technology ASA to focus on its "major area of growth, Smart Mobile Data services, offering advanced solutions for Mobile Network Operators, Cable Network Operators and device manufacturers," the company stated. (See Birdstep Sells Secure Mobility Unit.)

  • Is there going to be a bidding war for Blinkbox, the loss-making OTT video service currently owned by UK retail giant Tesco? Following reports a month ago that Vodafone Group plc (NYSE: VOD) was "poised" to acquire the video streaming platform, industry speculation suggests that UK competitive triple play service provider TalkTalk is also interested, reports The Guardian.

    — Ray Le Maistre, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profile, Editor-in-Chief, Light Reading

  • [email protected] 1/2/2015 | 1:17:42 PM
    Blinkbox -- a valuable marketing tool for a telco? I'm intrigued to see what either Vodafone or TalkTalk would do with Blinbox if either one acquires it.

    Will it be more of a marketing tool than a revenue generator? As an OTT service it could reach people (via home broadband or smartphones/tablets) that are not currently customers...
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