& cplSiteName &

Eurobites: EU Mobilizes Billions for Broadband

Paul Rainford
11/26/2014

Also in today's EMEA regional roundup: BT M&A developments at home and abroad; carrier aggregation in Austria; Vodafone overly generous with journalists' data.

  • Broadband infrastructure will be one of the main focus points of a major new "investment offensive" being launched by the European Commission . The Commission will be providing seed funding of €16 billion (US$19.9 billion) from its own budget and €5 billion ($6.2 billion) from the European Investment Bank, but it hopes to mobilize further investment from the private and public sectors worth at least €315 billion ($392 billion) over the next three years.

  • BT Group plc (NYSE: BT; London: BTA) could offer a package valued at about €14 billion ($17.4 billion) to acquire Telefónica UK Ltd. (O2 UK), according to figures being touted in the Spanish media. A report in El Confidencial says that BT could offer €6 billion ($7.4 billion) plus a 20% stake in BT group to secure O2 UK. With BT's share price having risen 5% since news that it is in mobile M&A talks -- it currently stands at 401 pence on the London Stock Exchange -- a 20% stake would currently be valued at about £6.4 billion, or about €8 billion ($9.9 billion). (See Eurobites: BT in Talks to Buy O2 and Why BT + EE Makes More Sense.)

  • But it's not just about the UK for BT: Bloomberg reports that BT execs met with telecom regulators in Mexico last week to explore how the carrier could take advantage of new laws that have been implemented there in an effort to open up markets and stimulate foreign investment.

  • Telekom Austria AG (NYSE: TKA; Vienna: TKA)'s domestic unit, A1, has drawn on Ericsson AB (Nasdaq: ERIC)'s knowhow to implement a 2x20MHz carrier aggregation system for 800MHz and 2.6GHz on its network in the city of Graz. Ericsson claims that peak downlink rates on the network have been doubled to 300 Mbit/s. The technology will be rolled out to other Austrian cities in 2015.

  • Vodafone Group plc (NYSE: VOD) has slipped up in the UK by mistakenly passing on a ton of journalists' data to police authorities, The Guardian reports. As part of an investigation into illegal payments at The Times, The Sun and Sunday Times newspapers, the police had asked Vodafone to hand over the data relating to the calls of a single journalist: The operator duly handed over data relating to more than 1,000 different phone numbers belonging to employees of the newspaper group. Oops.

  • Less embarrassingly, Vodafone Greece has completed the acquisition of Hellas Online, a provider of fixed line broadband and voice services, for €72.7 million ($90.5 million).

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (2)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Kruz
    Kruz
    11/29/2014 | 11:11:28 AM
    Re: a debacle
    Good thing about is that it was in good hands and the police departement did return the data as requested by Vodafone. It is a good reactive move by Vodafone.
    nasimson
    nasimson
    11/26/2014 | 11:20:01 AM
    a debacle
    > the police had asked Vodafone to hand over the data relating
    > to the calls of a single journalist: The operator duly handed
    > over data relating to more than 1,000 different phone numbers
    > belonging to employees of the newspaper group.

    What a debacle! It can surely be termed as incident of the year.

    But whatever! Such petty instances can happen in large telecom groups like Vodafone.
    Featured Video
    Upcoming Live Events
    October 1-2, 2019, New Orleans, Louisiana
    October 10, 2019, New York, New York
    October 22, 2019, Los Angeles, CA
    November 5, 2019, London, England
    November 7, 2019, London, UK
    November 14, 2019, Maritim Hotel, Berlin
    December 3, 2019, New York, New York
    December 3-5, 2019, Vienna, Austria
    March 16-18, 2020, Embassy Suites, Denver, Colorado
    May 18-20, 2020, Irving Convention Center, Dallas, TX
    All Upcoming Live Events
    Partner Perspectives - content from our sponsors
    Edge Computing, the Next Great IT Revolution
    By Rajesh Gadiyar, Vice President & CTO, Network & Custom Logic Group, Intel Corp
    Innovations in Home Media Terminals for the Upcoming 5G Era
    By Tang Wei, Vice President, ZTE Corporation
    All Partner Perspectives