Also in today's EMEA regional roundup: NokaLu moves closer; Orange completes Jazztel acquisition; MTN/Telkom RAN deal blocked.
Ericsson AB (Nasdaq: ERIC) is to collaborate with South Korean IT services provider SK Holdings C&C on the development of specialized IoT (Internet of Things) platforms for a number of industry sectors, including healthcare and transportation. The collaboration will also explore opportunities for the two companies in security solutions and various IT services, such as disaster recovery. (See Ericsson Strikes Partnership With SK Holdings C&C.)
Nokia Corp. (NYSE: NOK)'s takeover of Alcatel-Lucent (NYSE: ALU) has moved a step closer with the filing by Nokia of a preliminary draft of registration statement, or Form F-4, with the U.S. Securities and Exchange Commission. The statement refers to the proposed public exchange offers in France and the US, which will see AlcaLu securities exchanged for Nokia shares as part of the deal. The Nokia filing reveals a number of termination fees that apply to the vendors should the proposed acquisition deal collapse: AlcaLu, for example, will be required to pay €300 million (US$332 million) to the Finnish vendor if the deal falls through and AlcaLu strikes a takeover deal with another company within 12 months. (See Eurobites: 'NokaLu' Clears Another Hurdle and Nokia & Alcatel-Lucent: What's Going On?)
Orange (NYSE: FTE) has completed its acquisition of Jazztel plc , scooping up the remaining 5.25% of the Spanish broadband provider's share capital, at a price of €13 a share. The French giant was only given the European Commission go-ahead on the €3.4 billion ($4.4 billion) deal after agreeing to sell off a chunk of the combined company's fixed-line network in Spain. (See Eurobites: Orange Gets EC Nod on Jazztel.)
South Africa's Competition Commission has vetoed Mobile Telephone Networks (MTN) 's proposed acquisition of some of Telkom SA Ltd. (NYSE/Johannesburg: TKG)'s radio access networks, reports BDLive. The Commission concluded that the proposed deal is "likely to substantially prevent or lessen competition in the mobile services market."
Russia's MegaFon has completed the acquisition of four subsidiaries of SMARTS, a regional mobile operator. MegaFon says the acquisition will boost its presence in the 900/1800MHz spectrum bands in the Chuvash Republic and the Samara, Astrakhan and Yaroslavl regions of Russia.
Nottingham, a city in England's East Midlands region, has officially gone gigabit, with the help of FTTP provider Hyperoptic . Symmetrical speeds of 1,000 Mbit/s are being touted by Hyperoptic, which says it chose Nottingham for the gigabit treatment following registrations of interest from its inhabitants. Hyperoptic is funded by big-name backer George Soros, who backed the alternative operator to the tune of £50 million ($79 million) in 2013. (See Nottingham Gets Gigabit From Hyperoptic and Hyperoptic Lands £50M Investment.)
Switzerland's Sunrise Communications AG says it is "fundamentally reworking" its digital interactions with its customers, calling on the help of Adobe and others to achieve the transformation, which it hopes will enable customers to complete their Sunrise transactions easily online, without the need for offline contract signings.
— Paul Rainford, Assistant Editor, Europe, Light Reading