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Mergers & acquisitions

Euronews: Research Network Finds the Fast Lane

Euro-Chinese boffinery, Deutsche Telekom AG and Telefónica SA dominate proceedings in today's trip through the EMEA headlines.
  • ORIENTplus, the network linking researchers, academics and students across Europe and China, has been upgraded to 10 Gbit/s from 2.5 Gbit/s. Connecting the CERNET and CSTNET Chinese networks to Europe's DANTE, ORIENTplus underpins some of the world's most data-intensive collaborations, such as the Large Hadron Collider program.
  • Deutsche Telekom's improved offer for MetroPCS Inc. has swayed the U.S. operator's largest shareholder, Paulson & Co, reports Bloomberg. The German incumbent reduced the amount of debt it would impose on the merger of its T-Mobile USA unit and MetroPCS by US$3.8 billion. (See Euronews: DT Improves MetroPCS Offer.)
  • Telefónica is to re-open talks with KPN Telecom NV over sharing their respective mobile networks in Germany, reports Reuters, citing the Financial Times. Last year the two companies discussed the sale of E-Plus Service GmbH & Co. KG, KPN's German unit, to Telefónica, but no deal was struck.
  • France Télécom – Orange needs to get its act together on costs if it is to avoid a cut to its debt rating this year. So says Moody's Investors Service, according to a report on Business Week. France Télécom has been having a tough time of it domestically, with Iliad's Free Mobile driving down the cost of mobile calls for all operators. (See Iliad Disrupts the French Mobile Scene.) — Paul Rainford, Assistant Editor, Europe, Light Reading

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