Euronews: French LTE Auction Good to Go

Iliad (Euronext: ILD), Orange (NYSE: FTE) and Deutsche Telekom AG (NYSE: DT) are at large in today's lineup of EMEA headlines

  • The French Long Term Evolution (LTE) spectrum auction can go ahead for now since the country's administrative court rejected Iliad's petition to stop the process, reports Reuters. The auction is scheduled to begin on Sept. 15. (See Euronews: French 4G Auction Rules Under Fire and Governments Squeeze Operators for LTE Spectrum .)

  • France Telecom said it "seized a window of opportunity in the dollar bond market to continue to extend the maturity of its debt" by selling US$2 billion in notes (in two $1 billion tranches) at what are considered to be attractive, long-term rates.

  • France Telecom might soon need more than a spot of debt restructuring, according to a Reuters report which reveals how European Court of Justice Advocate General Niilo Jaaskinen has rejected an appeal by FT against an EU decision demanding the recovery of what it saw as illegal state aid to the operator. The amount to be paid back -- if the final ruling due in a few months' time goes against the operator -- could be as much as €1.1 billion ($1.6 billion).

  • Deutsche Telekom announced it has expanded its LTE service to 11 additional locations in the south of Germany, such as Dachau, Furth and Massing. DT says it plans to launch LTE in 1,800 locations by the end of this year. (See Deutsche Telekom Takes LTE to the City.)

  • U.K. mobile minnow Three UK isn't happy about the mobile-money alliance formed by larger rivals Vodafone UK , Telefónica UK Ltd. (trading under the O2 brand) and EE , reports the Financial Times. It claims it was frozen out of the agreement, which is seeking to promote the use of mobiles as an alternative means of payment for day-to-day goods. (See UK Operators Form Mobile Money JV.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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