Eurobites: Spirent spurns Viavi bid for higher offer from Keysite

Also in today's EMEA regional roundup: Ekholm speaks out on over-regulation, again; Vodafone supplies connectivity for new 5G lab; OneWeb seals business-jet Internet deal.

Paul Rainford, Assistant Editor, Europe

March 28, 2024

3 Min Read
'For sale' sign lying on the ground
(Source: Simon Tilley/Alamy Stock Photo)
  • Spirent Communications, the struggling UK-based test and measurement company, has backtracked from its tentative agreement to sell up to Viavi after receiving a better offer from another US firm, Keysite Technologies. Viavi had offered 172.5p per share but now Keysite has waded in with an offer of 201.5p per share, valuing Spirent at £1.15 billion (US$1.45 billion). In a statement, Spirent – which issued a profit warning in October – said: "The Spirent Directors consider that the Acquisition represents a superior proposition for Spirent Shareholders relative to the Viavi Offer, with the Acquisition Value representing an increase of  26.5 pence per Spirent Share relative to the Viavi Offer. Accordingly, the Spirent Directors have unanimously withdrawn their recommendation of the Viavi Offer and intend to adjourn the Viavi Offer Shareholder Meetings."

  • We've heard it before and we'll no doubt hear it again: Over-regulation is holding back the European telecom industry. This week it's Ericsson boss Börje Ekholm voicing the refrain, telling a Nordic Investment Bank seminar that "prioritization of regulation over innovation" and the fragmented nature of the European telecom market is putting it at a massive disadvantage when compared to the likes of China, the US and India. Ekholm cited artificial intelligence (AI) as a case in point, saying that the EU has attracted just 4% of AI funding to date, compared to more than 80% for the US and China. Ultimately, reckons Ekholm, European operators are just too small as things stand. "For an operator, scale matters, and European operators are subcritical in scale," he said.

  • Vodafone is to supply 5G standalone connectivity for a new 5G lab in the northern English city of Newcastle. The lab is the brainchild of Digital Catapult, a part-commercial, part-government funded organization that looks to encourage innovation across a variety of sectors. The lab will offer the usual mix of co-working areas and event spaces, offering local businesses access to up-to-date digital tech to help overcome barriers that might be preventing them from adopting the latest tech.

  • Eutelsat OneWeb has landed an in-flight connectivity deal with Aloft AeroArchitects, an operator of Boeing business jets. Under the terms of the agreement, Aloft will equip a private Boeing aircraft with OneWeb's low Earth orbit (LEO) satellite connectivity service. The service will be facilitated by a new electronically steered array terminal being developed by Stellar Blu Technologies and delivered through OneWeb's distribution partner, Satcom Direct.

  • Europeans are continuing to be hit by scam voice calls, with 19% of German, 18% of French and 16% of UK consumers admitting to falling victim to such calls within the past year. These are the findings of the latest State of the Call report from Hiya, a US-based voice security company. The average amount of money lost by consumers globally to such calls was £1,792 ($2,257), though consumers in Germany were particularly hard hit, losing on average an alarming £3,686 ($4,649) to the bad guys.

  • Deutsche Telekom has turned to NextLabs to help it get its IT systems in order from a data security viewpoint. NextLabs' client list already includes SAP, Microsoft and Amazon.

  • Sony is launching its 54-strong stable of free, ad-supported streaming television (FAST) channels in Europe. The Sony One channels will appear on TiVo+, Samsung TV Plus and LG Channels.

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Europe

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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