Eurobites: French Cloud Firm Raises $279M

Also in today's EMEA regional roundup: EC preps new OTT rules; Tele Columbus ramps in Q2; drone action in Scotland; and hybrid power in Gabon.

August 15, 2016

3 Min Read
Eurobites: French Cloud Firm Raises $279M

In today's EMEA regional roundup: OVH raises expansion funds; EC preps new OTT rules; Tele Columbus ramps in Q2; drone action in Scotland; and hybrid power in Gabon.

  • French hosting and cloud services company OVH has raised almost €250 million (US$279 million) from private equity firms KKR and Towerbrook to fund its international expansion, according to a report in French newspaper Le Figaro that was confirmed by OVH founder Octave Klaba. The investment values the company at more than €1 billion ($1.1 billion). OVH recently talked to Light Reading about its expansion plans -- see OVH Puts Its Optical Faith in Cisco.

    • The European Commission is set to unveil new rules that aim to tighten up how OTT giants, such as WhatsApp and Skype Ltd. , are regulated in European markets, according to a Financial Times report. For the full details, see this article from our sister site,

    • German cable company Tele Columbus AG has reported second quarter revenues of €120 million ($134 million), an increase of more than 120% year-on-year, thanks to the acquisitions of primacom and pepcom. But even if those acquisitions were included in the year-ago numbers, Germany's third-largest cable operator, which has 3.6 million customers, still managed to grow its like-for-like revenues by 4.2%. Investors liked the numbers, as Tele Columbus shares were trading up by 1.4% Monday morning at €8.55 on the XETRA exchange. For the full quarterly report, see this press release. (See Tele Columbus Expands With $689M Pepcom Deal and Tele Columbus Bulks Up With $775M Acquisition.)

    • What role will drones play in future communications networks? UK mobile operator EE, now part of BT Group plc (NYSE: BT; London: BTA), has been testing the use of Unmanned Aerial Vehicles (UAVs) for ad hoc mobile coverage in remote areas: Working with Nokia Corp. (NYSE: NOK), it has used drones to position pico cells at specific locations to deliver 4G voice, streaming video and mobile broadband services. Check out this Nokia blog for more details. Nokia rival Ericsson AB (Nasdaq: ERIC) has also been engaged in drone action, having announced late last week that it has conducted a drone trial with China Mobile Ltd. (NYSE: CHL) that included the use of "5G-enabled technologies." (See Ericsson and China Mobile claim world’s first 5G drone trial and China Mobile, Ericsson Trial '5G Drone'.)

    • Flexenclosure, a Swedish company that makes prefabricated data center buildings and hybrid power systems, has won a deal with Energy Vision for a hybrid power system rollout in the African nation of Gabon. Energy Vision, a telecom-focused renewable energy service company, will use Flexenclosure's technology to power mobile telecom sites for a major mobile operator.

    • The UK city of Nottingham has signed a multi-year deal with IT and comms services specialist ITS Technology Group to deploy up to 100 kilometers of fiber in the city's recently constructed ducts and run an open access network that any service provider can use to connect customers. The new infrastructure adds, if only in a small way, to the growing volume of alternative network assets being built around the UK. (See UFO Brings Hope to FTTH Altnets and CityFibre Aims High in BT Battle.)

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

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like