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Eurobites: Telefónica Deutschland to Slash Jobs

Also in today's EMEA regional roundup: Daisy Group buyout; Vodafone begins LTE-Advanced rollout in UK; cloud dampens SAP's outlook.

  • Telefónica Deutschland GmbH is to cut almost a fifth of its workforce, laying off 1,600 staff out of a total 9,100 by 2018, Reuters reports. The redundancies form part of the "synergies" of €5 billion (US$6.3 billion) it hopes to achieve from its takeover of E-Plus Service GmbH & Co. KG . The combined business will be Germany's largest mobile operator by subscribers. (See Eurobites: Telefónica Gets EC Green Light on E-Plus Deal.)

  • Daisy Group, the UK enterprise services provider, is to be bought out by a consortium headed up by Daisy chief executive Matthew Riley, the Daily Telegraph reports. The consortium's offer values Daisy Group at £494 million ($796.6 million), or 185p a share.

  • Vodafone UK has begun the rollout of LTE-Advanced in the cities of London, Manchester and Birmingham, the operator "target="new">has announced. Last month the Global Mobile Suppliers Association (GSA) said there were more than 20 networks around the world with LTE-Advanced live. (See LTE-A Now Live on More Than 20 Networks.)

  • Access and optical vendor Adtran Inc. (Nasdaq: ADTN) has made Ronan Kelly CTO for EMEA and APAC, a newly created position. Earlier this month Adtran, which is making a big push internationally with its advanced fixed broadband access platforms as vectoring and G.fast feature in carrier strategies, lowered its quarterly revenue and earnings outlook, citing reduced enterprise spend. (See Adtran Appoints CTO for EMEA, Asia-Pac, Lower Revenue in Europe Alters Adtran's Q3 and Adtran: We're In at TeraStream.)

  • Belgian mobile operator Mobistar SA saw its subscriber numbers increase sequentially by 55,267 in the third quarter, but revenues were down 15.5% year-on-year to €933.6 million ($1.19 billion), while EBITDA (earnings before interest, tax, depreciation and amortization) was down 23.1% to €207.7 million ($265.3 million). The company pointed the finger at regulatory measures and reduced handset sales as two of the main culprits.

  • SAP AG (NYSE/Frankfurt: SAP), the German enterprise software giant, says the move to the cloud has prompted its decision to cut its earnings forecast for the full year, reports Bloomberg. By moving to SAP's cloud-based applications, SAP's clients pay less money at the start of the contract, denting near-term profits. SAP now expects its 2014 profits to fall within the range €5.6 billion ($7.1 billion) to €5.8 billion ($7.4 billion), down from an earlier projection of €6 billion.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • SachinEE 10/20/2014 | 1:26:39 PM
    Re: jobs slashed "That always happens when companies do that. For all the reassurances they give that the growth is good for everyone, it's not good for the employees rendered redundant. "

    Most companies do not want to hire back the same employees when the company hits firm ground. Obviously employees have to go through a lot in order to make do in the IT industry.

     
    Ariella 10/20/2014 | 8:12:28 AM
    jobs slashed That always happens when companies do that. For all the reassurances they give that the growth is good for everyone, it's not good for the employees rendered redundant. 
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