Also in today's EMEA regional roundup: Nokia ties up Comptel deal; Telenor's Daxcom boosts enterprise comms credentials with Mitel; Lycamobile in tax probe; Ericsson demos 5G in Indonesia.
Imagination Technologies Group plc , the UK-based chip designer, suffered a shares dive Monday morning following its announcement that it was being dropped by Apple Inc. (Nasdaq: AAPL) as a supplier, the BBC reports. The vendor, which announced in March it was cutting around a fifth of its workforce and getting rid of a number of product lines, saw its shares plummet by nearly 70%. In response to the news that its chips would no longer be a part of the iPhone's long-term future, Imagination questioned whether Apple would be able to come up with its own replacement technology, saying in a statement: "Apple has not presented any evidence to substantiate its assertion that it will no longer require Imagination’s technology, without violating Imagination’s patents, intellectual property and confidential information. This evidence has been requested by Imagination but Apple has declined to provide it. Further, Imagination believes that it would be extremely challenging to design a brand new GPU architecture from basics without infringing its intellectual property rights, accordingly Imagination does not accept Apple's assertions." Fighting talk. (See Imagination Reveals More Cuts.)
Following its recent voluntary cash tender offer, Nokia Corp. (NYSE: NOK) has secured more than 90% of all shares and votes in Comptel Corp. (Nasdaq, Helsinki: CTL1V), the Finnish telecom software specialist that the giant vendor is acquiring for €347 million (US$370 million). Nokia has also opened a "subsequent offer period" for additional shareholders to accept its offer terms. The acquisition has already been granted all necessary authority approvals. For more on the deal, which was initially announced on February 9, see Nokia Eyes Bigger Software Role With €347M Comptel Bid, Comptel Looks Like the Start of Nokia Software Spending Spree and Nokia's Buying Comptel: What the Analysts Say.
Telenor Group (Nasdaq: TELN) subsidiary Daxcom has signed a partnership with Mitel Networks Corp. , with a view to boosting its credentials in the enterprise communications sector. The agreement gives Daxcom access to Mitel's range of collaboration tools which it plans to offer to Swedish companies and government organizations.
Lycamobile, the British company that specializes in providing low-cost international calls and is a major political donor to the ruling Conservative Party, has run into a spot of bother with the tax authorities. As The Guardian reports, Lycamobile could face a bill for £26 million ($32.5 million) from HM Revenue & Customs for unpaid value-added tax.
Ericsson AB (Nasdaq: ERIC) has completed what it says is Indonesia's first 5G demonstration, achieving peak downlink speeds of 5.74 Gbit/s and latency as low as 3 ms on its test bed. Applications tried out in the test included a motion-sensing robotic arm and live 4K video streaming. Remarkably, the demo formed part of celebrations marking the 110th anniversary of Ericsson hawking its wares in Indonesia. Stick that in your pipe, startups. (See Ericsson Demos 5G in Indonesia.)
London-based Lime Microsystems has announced a crowdfunding campaign which it hopes will get its software-defined radio small cells and carrier-class basestations out to the mass market. The campaign is being run in collaboration with Ubuntu.
— Paul Rainford, Assistant Editor, Europe, Light Reading