Mergers & acquisitions

Euronews: One Giant Leap for lightRadio

Alcatel-Lucent (NYSE: ALU), Ericsson AB (Nasdaq: ERIC) and Telekom Austria AG (NYSE: TKA; Vienna: TKA) are doing the business in today's EMEA regional roundup.

  • Ben Verwaayen, CEO of Alcatel-Lucent, put down his coffee on Wednesday in Paris to take what the vendor describes as the world's first long-distance, high-quality mobile video-call using AlcaLu's lightRadio "honey I shrunk the base station" technology. Making the call, from Alexander Graham Bell's desk (now to be found at Bell Labs HQ in New Jersey), was Chris Lewis, group vice president of industry analyst firm IDC . (See AlcaLu Makes lightRadio Video-Call, Will lightRadio Become Urban Litter?, The Lowdown on lightRadio and AlcaLu: We're Killing the Base Station .)

  • Ericsson Money Services is launching what it says is the first of several new mobile money offerings. Ericsson Money will allow mobile phone users in seven European countries to send and receive money and withdraw cash. (See Ericsson Launches Money Service , Ericsson Launches Money Services and Is the Rise of Mobile Money Aiding Terrorism?)

  • Telekom Austria is seeking to further its fixed-broadband-meets-mobile convergence plan with the acquisition of Croatia's largest cable operator, B.net, for €93 million (US$135.8 million). (See Telekom Austria Acquires B.net and Telekom Austria Reports Q1.)

  • Orange Business Services , which recorded a 4.8 percent year-on-year dip in revenues in its most recent full-year results, has received a boost with the signing of a five-year deal with insurance giant Lloyd's Register. Under the terms of the contract, OBS will deliver an IP-based VPN service connecting 226 sites in 68 countries. (See OBS Wins Lloyd's VPN Deal and France Telecom Battles Through 2010.)

  • Swisscom AG (NYSE: SCM) has launched its "Unlimited Hotspot," a mobile modem that allows up to five WLAN-enabled handsets to access the Internet at the same time in any location. Downlink speeds of up to 21 Mbit/s are possible, says the carrier. (See Swisscom Offers Mobile Hot Spot.)

  • Netgem , the set-top box technology specialist, has extended its contract with French operator SFR until 2014. Under the terms of the partnership, Netgem will provide SFR with applications for its installed IPTV customer base of around 3 million. (See Netgem Renews SFR Deal and Will Netgem Revive the Hybrid TV Model?)

  • Yahoo Inc. (Nasdaq: YHOO) is looking to increase its presence in the Middle East and North Africa as part of a plan to increase online Arabic content in the region, reports Arabian Business.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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