Euronews: ST-Ericsson Shuffles Its Pack
ST-Ericsson , Steely Neelie and Iliad (Euronext: ILD) get things rolling in today's trundle through the EMEA telecom headlines.
ST-Ericsson is continuing its top-table reshuffle, naming Ronen Ben-Hamou as head of the company's System Silicon Development and Thin Modem Solutions groups. Meanwhile, Jörgen Lantto, who was executive vice president, chief technology officer and strategy at the chip joint venture, has decided to return to Ericsson AB (Nasdaq: ERIC), and his replacement will be announced shortly. (See ST-Ericsson Changes Top Team, ST-Ericsson Appoints COO and Euronews: ST-Ericsson Appoints New CEO.)
"Steely" Neelie Kroes, the vice president for the Digital Agenda, is living up to her handle by standing firm in the face of major European operators' gripes about her fondness for regulation, reports Reuters. Speaking to the Cable Europe conference on Thursday, Kroes said: "[The operators] want a holiday from the stress of innovating in a competitive market and a return to an idyllic business environment sheltered from real competition. This is not the right way forward," she said. (See Euronews: EC's Kroes on the Warpath (Again) and Regulators Reshape Europe's Roaming Market .)
Iliad, which owns French challenger Free Mobile, has published a detailed rebuttal of what it calls the "smear campaign organized against it over the past weeks." At the end of the statement Iliad sounds a warning to any other operators thinking of claiming its coverage is falling short of what was mandated by the regulator: "As of this day, Free Mobile will take legal action against anyone who makes disparaging statements about the veracity of its coverage or its investments." I think they mean it... (See Euronews: Iliad Gets the All-Clear on Free Mobile, Euronews: Iliad's Clogging Our Network, Says FT and Iliad Disrupts the French Mobile Scene .)
Warburg Pincus and Cinven Ltd. , the owners of Dutch cable company Ziggo B.V. , hope to raise around €744.6 million (US$986 million) from an initial public offering (IPO), reports Bloomberg. If it comes off, it could be Europe's largest IPO this year.
Nokia Corp. (NYSE: NOK) used its annual report to herald the launch of revamped featurephones and more Windows Phone-based smartphones in 2012, reports Reuters. (See Euronews: Nokia Shifts Device Assembly to Asia, Nokia Cuts 4,000 More Jobs and Nokia Cuts 4,000 More Jobs .)
As it continues to struggle on its home turf, Telefónica SA (NYSE: TEF) is going for more growth in Latin America with the launch of Virtual Hosting 2.0 in the region. The result of a collaboration with Cisco Systems Inc. (Nasdaq: CSCO) and VCE, Virtual Hosting 2.0 is a cloud service aimed at large companies and public agencies, using data centers in Argentina, Brazil, Chile, Colombia and Peru. (See Telefonica Offers Virtual Hosting 2.0 in LatAm, Euronews: Layoff Costs Tear Into Telefonica's Q3 and Telefonica Restructures, Creates New Units.)
— Paul Rainford, Assistant Editor, Europe, Light Reading