Euronews: AlcaLu Confirms $1.5B Asset Sale

Alcatel-Lucent (NYSE: ALU), Telia Company and Tele2 AB (Nasdaq: TLTO) kick things off in today's smorgasbord of EMEA headlines.

  • As expected, AlcaLu has agreed to sell its Genesys customer relationship management (CRM) and contact center software business for US$1.5 billion in cash to private equity firm Permira . But what about the rest of AlcaLu's enterprise division? (See AlcaLu's Spare Limb, AlcaLu to Sell Genesys and Euronews: AlcaLu Offloads Genesys.)

  • It's a Nordic one-two today as TeliaSonera announced third-quarter results in line with analysts' expectations -- EBITDA (earnings before interest, taxes, depreciation and amortization) up 0.5 percent at 9.8 billion Swedish Kroner ($1.5 billion) -- while rival Tele2 saw strong growth in Russia help push its third-quarter EBITDA up by 8 percent, excluding exchange rate differences. The Central and Eastern Europe region continues to be a stong focus for both operators. (See TeliaSonera Reports Q3, Tele2 Reports Q3 and TeliaSonera v. Tele2.)

  • OK, so some may find it difficult to name a famous Belgian and the natives can't agree on what language to speak but, hey, their chocolate is fantastic and now they're in line to be the next country to allocate Long Term Evolution (LTE) spectrum. The Belgian Institute for Postal Services and Telecommunications (BIPT) has scheduled the start of the auction for Nov. 28, and five unnamed applicants have thrown their hats into the ring. (See Brussels Sprouts LTE Auction Plans and Belgium Preps 4G Auction.)

  • Global asset management firm The Carlyle Group The Carlyle Group LLC has acquired 85 percent of Telecable, a Spanish operator with 156,000 fixed, mobile and Internet customers. The transaction values Oviedo-based Telecable at €400 million ($554 million).

  • Magyar Telekom plc , Deutsche Telekom AG (NYSE: DT)'s Hungarian subsidary, has reached an agreement with its labor unions on job cuts and other "efficiency measures." As well as 250 redundancies and a 24 percent reduction in the number of directors, salaries will be frozen in 2012. (See Magyar Telekom Agrees With Unions.)

  • Sky , the U.K. satellite broadcaster and broadband provider, has had a strong fiscal first quarter, reporting operating profits up 32 percent year-on-year. SkyGo, its TV-on-mobile-device offer, has proved a hit, with 1.6 million customers signing up for it in its first three months of operation. (See BSkyB Reports Full Year.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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