Eurobites: Denmark Dents Telenor's Q4

Also in today's EMEA regional roundup: Telekom Austria Q4 boosted by domestic market; MTN Nigeria chooses Gemalto for authentication; ADVA's 100G in Estonia.

  • There was something rotten in the state of Denmark for Telenor Group (Nasdaq: TELN) in its fiscal fourth quarter -- it incurred a 2.1 billion Norwegian kroner (US$246 million) impairment loss after it pulled out of a planned merger with TeliaSonera there in September. Overall, group revenues were up 2.3% year-on-year, to NOK33.48 billion ($3.92 billion), though it made a loss after tax of NOK2.12 billion ($248 million). Looking ahead, Telenor predicts that "fierce competition and headwinds" in key markets like Thailand and Malaysia will put a squeeze on margins, and it foresees organic revenue growth of between 2% and 4% in its 2016 financial year.

  • Meanwhile, Telekom Austria Group saw full-year EBITDA rise by 4% to €1.37 billion ($1.54 billion) on revenues that rose 1.3% to approximately €4.1 billion ($4.6 billion). Numbers were boosted by a strong performance in its domestic market. Telekom Austria is majority owned by Carlos Slim's América Móvil S.A. de C.V.

  • MTN Nigeria has chosen technology from Dutch security specialist Gemalto for the first commercial rollout of the GSM Association (GSMA) 's Mobile Connect authentication service, using the "MTN Token" moniker. The system will offer MTN Nigeria's 70 million customers a universal digital ID combined with a mobile-based "second factor" authentication.

  • UK chip designer ARM Ltd. saw a 17% rise in pretax profits to £138.7 million ($201.9 million) in its fourth quarter, reports Reuters, with processor royalty revenues up 24%, despite an overall slowdown in demand for new smartphones.

  • Estonia's Telia Eesti has put ADVA Optical Networking 's 100G technology to work in its national backbone network. The operator is using ADVA's FSP 3000 offering, in combination with multi-degree ROADMs, to link every major Estonian city in a high-bandwidth long-haul network.

  • Orange (NYSE: FTE) has launched The Entrepreneur Club in Africa and the Middle East, offering an online source of information that puts them in touch with a range of tools from Orange that support entrepreneurship.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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