& cplSiteName &

Euronews: All Change at Vivendi

Paul Rainford
6/29/2012

Vivendi , Orange Austria Telecommunication GmbH. and Telefónica SA (NYSE: TEF) lead Friday's charge into the news thickets of EMEA telecom.

  • There's major upheaval at French conglomerate Vivendi, as CEO Jean-Bernard Levy departs following a "strategy dispute" with the group's supervisory board, reports Reuters. Also, Michael Combes, whom Levy had poached from Vodafone Group plc (NYSE: VOD) to take the helm of beleaguered mobile unit SFR , will now no longer be coming to Vivendi, and human resources head Stephane Roussel will take the role instead. (See Euronews: Vivendi Vexed Over Free Ride and Vodafone Sells SFR Stake for $11B.)

  • The European Commission has launched an "in depth" investigation into the proposed takoever of Orange Austria by Hutchison 3G Austria GmbH . Initial poking around by the Commission has led it to believe that the acquisition, were it to take place, could create "significant competition problems." (See EC Looks Again at Orange Austria Takeover and Euronews: France Telecom to Sell Euro Assets.)

  • A big noise at Moody's Investors Service says that Telefónica's close ties to economically ravaged Spain could spell trouble for the operator, reports Bloomberg. Carlos Winzer, senior vice president at the influential ratings agency, said: "Capital markets still perceive Telefónica as a Spanish company holding the sovereign risk." (See Telefonica Restructures, Creates New Units.)

  • German test and measurement specialist Rohde & Schwarz GmbH & Co. KG has acquired mobile drive-test system specialist SwissQual Holding AG for an undisclosed sum. Swissqual, which was previously acquired by private investors in 2007 for just US$3 million, has supplied hundreds of wireless carriers with its network benchmarking and monitoring systems. (See SwissQual Tests TS's LTE and Spirent Loses on Wireless Unit Sale.)

  • Telia Company has sent a warning shot to Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) -- in which it holds a 38 percent stake -- over the latter's failure to hold an AGM and distribute dividends due to its shareholders. The Nordic group blames Cukurova, one of the other main shareholders, for the hold-up.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Related Stories
    Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    Upcoming Live Events
    March 16-18, 2020, Embassy Suites, Denver, Colorado
    April 20, 2020, Las Vegas Convention Center
    May 18-20, 2020, Irving Convention Center, Dallas, TX
    May 18, 2020, Hackberry Creek Country Club, Irving, Texas
    September 15-16, 2020, The Westin Westminster, Denver
    All Upcoming Live Events
    Upcoming Webinars
    Webinar Archive
    Partner Perspectives - content from our sponsors
    Challenges & Key Issues of Constructing 'MEC-Ready' 5G Bearer Networks for Carriers
    By Dr. Song Jun, Senior Solution Architect, Huawei Datacom Product Line
    Good Measures for 5G Service Assurance
    By Tomer Ilan, Senior Director of Product Management, RADCOM
    Automation Scores Against Operational Costs – The Business Benefits of Automation and Orchestration
    By John Malzahn, Senior Manager, Service Provider Product Marketing, Cisco Systems
    All Partner Perspectives