& cplSiteName &

Euronews: NSN Raises €800M in Bond Sale

Paul Rainford

Interoute Communications Ltd., Nokia Siemens Networks and TeliaSonera AB help start the week in today's romp through the EMEA headlines.

  • Troubled joint venture Nokia Siemens Networks is refinancing some of its debt by raising €800 million (US$1.04 billion) from a bond sale. That's a positive for the joint venture, as it had been seeking to raise €600 million ($778 million): That it managed to sell more than announced shows there is confidence in the financial markets that NSN has a future. (See NSN to Refinance Debt.) In other NSN news, a report on Street Insider also reveals that the firm has been ordered by a German court to offer outgoing CFO Marco Schroeter a new position within the company until his dismissal proceedings are concluded. Last month NSN announced that Schroeter was going to be replaced by Samih Elhage.
  • Pan-European service provider Interoute defied industry trends by increasing its revenues and profits in 2012. The operator, which has been aggressively developing and launching various cloud services, has reported a 12 percent year-on-year increase in revenues to €410 million ($533 million) and a 16 percent increase in EBITDA (earnings before interest, tax and other stuff) to €79 million ($102.7 million). (See Interoute Offers Cloud Hosted Microsoft Lync and Interoute's Silver Lining.)
  • Sweden's TeliaSonera is claiming to have scored a European first with the launch of a subscription service that allows a family (or other group) to pool their data allowance across all their respective devices. Up to seven such devices can be connected to the main subscription, which starts at 399 Swedish kroner ($61) per month. (See Verizon: One Data Bucket to Rule Them All.)
  • In a project that is being billed as the first 100 percent fiber network in France, United Technologists Europe Ltd. (UTEL) has delivered the equipment that will be used to upgrade the network in and around Pau, a city in south-west France. Axione will be carrying out the upgrade, following UTEL's specifications.
  • Fujitsu Ltd. is planning to inject £800 million ($1.2 billion) into its U.K. operation to reduce its pension deficit and offer scope for investments, reports Marketwatch, citing the Financial Times. Might some cloud-related acquisitions be on the horizon? — 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