Euronews: France Telecom Enters Congo

Orange (NYSE: FTE), Iliad (Euronext: ILD) and Telenor Group (Nasdaq: TELN) take us into the weekend in today's romp through the EMEA headlines.

  • Reports earlier in the week suggested France Telecom was seeking just a 49 percent stake in Congo Chine Telecom sarl. but, after talks with ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763), which owned a 51 percent stake in the operator, the carrier has announced it's acquiring the whole company. FT is paying ZTE US$10 million for its share, and the government of the Democratic Republic of Congo $7 million for the remainder. (See France Telecom Buys Congolese Operator, Euronews: France Telecom to Sell Euro Assets and Euronews: France Telecom Outlines Masterplan.)

  • Talking of France Telecom ... Xavier Neil, who founded French operator Iliad, is to bid in his own right for FT's Salt SA Switzerland, reports Reuters, citing business daily Les Echos. (See FT Looks to Sell Swiss Biz and FT: We're Committed to Switzerland.)

  • An 18-year study into the links, if any, of mobile phone use to brain cancer has concluded that there is no evidence that any such links exist, reports the BBC. You can take off the tin hats now, everyone...

  • Telenor Norway has employed the services of teen blogger/singer Emilie "Voe" Nereng (Britney, you're, like, so last year) to switch on what it bravely describes as "Europe's most modern mobile network." The network's upgrade saw more than 9,000 base stations installed throughout Norway, making it ready for the arrival of LTE in 2012. (See Telenor Connexion Wins Smart Grid Deal.)

  • And, in other Telenor-related news, Telenor Connexion , the company's machine-to-machine (M2M) technology arm, has been working with OnStream, a U.K. smart meter firm, on a large smart-grid project. As you might expect, Telenor Connexion is looking after the connectivity side of things.

  • Finnish Service Provider Information Technology (SPIT) vendor Comptel Corp. (Nasdaq, Helsinki: CTL1V) is unusual in actually admitting to disappointment in its third-quarter sales, which reached €16.6 million ($22.8 million), compared with €15.3 million ($21 million) in the same period the previous year. (See Comptel Reports Q3 and Cisco, Comptel Strike a SPIT Deal.)

  • Still in Finland, fixed-line and mobile operator Elisa Corp. saw third-quarter pre-tax profits rise from €68 million ($93.6 million) last year to €74 million ($101.8 million) this time around. (See Elisa Reports Q3 and Elisa Upgrades to LTE With NSN .)

  • Pace plc , the U.K.-based king of the set-tops, has issued a statement warning that its product shipments and operating profits may be affected by the ongoing floods at the hard-drive manufacturing plant of supplier Western Digital Corp. (NYSE: WDC) in Thailand. Pace believes the "worst case impact" on its annual operating profit will be $9.5 million. (See Pace Unseats Moto as Set-Top King .)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • t.bogataj 12/5/2012 | 4:50:38 PM
    re: Euronews: France Telecom Enters Congo

    Thanks to Matt Donnelly (Honorable Mentions: Oct. 24) I also see that there is also... no evidence of negative links between mobile phone use and car crashes.


    t.bogataj 12/5/2012 | 4:50:38 PM
    re: Euronews: France Telecom Enters Congo

    Yeah, right.

    Just as smoking was good for your health. Or so they said decades ago... when all the "studies" showed... no evidence of negative links between smoking and lung cancer. Interestingly, however, all those "studies" were financed by tobacco companies.


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