Also in today's EMEA regional roundup: Nokia sets itself 5G deadline; NokAlu gets CFIUS approval; DT on the digital silk road.
No pressure, then: Nokia Corp. (NYSE: NOK) has set itself the deadline of the European soccer championships in 2020 for having achieved the first "commercial full spec" 5G rollout. The commitment was made in a blog post by Nokia Networks' senior vice president, Market Europe, Markus Borchert, following the annual Telecoms Summit in Santander.
As for Nokia's more immediate concerns, the vendor has been given the go-ahead by the Committee of Foreign Investment in the United States (CFIUS) for its proposed takeover of Alcatel-Lucent (NYSE: ALU). The proposed deal still remain subject to approval by Nokia shareholders. (See Nokia + AlcaLu: What the Analysts Say.)
Several rivals to UK fixed-line incumbent BT Group plc (NYSE: BT; London: BTA) have clubbed together to lobby regulatory authorities over the need for a "pro-competition approach" ahead of the publication of responses to Ofcom 's business connectivity market review this week. The Infrastructure Investors Group (IIG), as it is calling itself, includes CityFibre , euNetworks Group Ltd. , Virgin Media Inc. (Nasdaq: VMED) and Zayo Group Inc. (NYSE: ZAYO) and claims the investments being made by its members are leading to huge benefits for the UK economy. According to a report from the Financial Times (subscription required), the IIG's chief concern is that Ofcom will look to set a price ceiling for dark fiber access to BT's network -- a move that would drive down market rates and undermine their infrastructure investments. Ofcom outlined plans to make BT provide dark fiber services to other companies in May, with BT warning at the time that such moves would "undermine investment -- as a number of service providers have warned." Greg Mesch, the CEO of CityFibre, also previously urged Ofcom "to ensure that any future approach to pricing in no way distorts the market or discourages investment by independent infrastructure builders." (See BT Kicks Up Stink Over Dark Fiber Proposals.)
Deutsche Telekom AG (NYSE: DT) is planning to use this week's Huawei Cloud Congress in Shanghai to extend its public cloud offering to the Chinese market, becoming a contributor to what the Chinese cyberspace authority is calling the "Digital Silk Road."
The head of the European Commission's competitions policy, Margrethe Vestager, has said that the proposed merger of Telenor Group (Nasdaq: TELN) and Telia Company 's respective Danish operations collapsed last week because what the two companies offered "was not sufficient to avoid harm to competition in Danish mobile markets." Vestager's full statement can be seen here.
— Paul Rainford, Assistant Editor, Europe, Light Reading