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Eurobites: Rights Issue Raises €997M for Telekom Austria

Paul Rainford
11/25/2014

Also in today's EMEA regional roundup: Israeli firm claims battery breakthrough; ADVA encrypts in Luxembourg; why "live" is nearly dead.

  • Telekom Austria Group 's fiber rollout plans look set for a substantial cash injection following news that the operator's rights issue has raised €997 million (US$1.23 billion). The operator, which is now controlled by Carlos Slim's América Móvil S.A. de C.V. , is also hoping its capital increase will help it maintain a BBB ("stable") credit rating with Standard & Poor's. (See Eurobites: Carlos Slim Lands Telekom Austria.)

  • An Israeli company is claiming that it has developed a battery that can charge a smartphone for a full day's use in just 30 seconds, reports Reuters. StoreDot, whose investors include Roman Abramovich, the zillionaire boss of Chelsea soccer club, says that the prototype is too bulky to fit in the phone at the moment but hopes that by 2016 its battery will be ready for the market.

  • Telindus Telecom, a subsidiary of Belgacom SA (Euronext: BELG) operating in Luxembourg, has deployed ADVA Optical Networking (Frankfurt: ADV) 's encryption technology to help ensure the security of its network and cloud services. ADVA says the protocol-agnostic design of its technology enables it to transport any type of data traffic, including Fibre Channel, InfiniBand and Ethernet.

  • When it comes to content, it seems live is nearly dead. A piece of research by UK regulator Ofcom has revealed some interesting snippets about how the way broadcast content is being viewed and listened to is changing. Older children (aged 11-15) in the UK are watching half the amount of live TV per day as adults, while these same kids are spending just 21% of their "listening time" on live radio, compared with 71% for adults.

  • Forget telemedicine, the future is all about "digital detox." Well, in Switzerland, anyway. Swisscom AG (NYSE: SCM) has launched an app, My Time, which allows its customers to schedule a period of time when they want to be less contactable, or just not contactable at all. It's not quite the same as just switching the phone off: Customers can use the app to block individual, several or all services and apps, or only allow calls from specific people. And during these "detox" periods, it can also send SMS messages to let folk know when the user is emerging from digital purdah.

  • There has been acres of newsprint reaction to the news that BT Group plc (NYSE: BT; London: BTA) is in preliminary takeover talks with mobile operator Telefónica UK Ltd. (O2), but this cartoon response from The Guardian's Kipper is the one raising a chuckle at Eurobites Towers today. (See Eurobites: BT in Talks to Buy O2 and Why BT + EE Makes More Sense.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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