Euronews: Telecom Italia Plans Asset Sale

Also in today's EMEA regional roundup: Telefónica sees profits slip; Orange and Visa collaborate on NFC; EE does petabyte bundles; BT integrates Cisco UC offerings.

  • Debt-laden Telecom Italia (TIM) is planning to sell off assets related to its Argentine business unit, reports Bloomberg. The news comes as Telecom Italia released its third-quarter financials, which saw profits falling 27 percent year-on-year to €505 million (US$677.8 million). The operator has also been the focus of attention recently as it becomes increasingly likely that it will fall under the control of Telefónica. (See Telecom Italia Reports Q3, Euronews: Italy Seeks Jobs Guarantee From Telefónica, and Euronews: Telefónica Ups Stake in Telecom Italia.)

  • Telefónica SA (NYSE: TEF), meanwhile, has a few problems of its own, as its third-quarter results reveal. Nine-month profits dropped 9 percent year-on-year to €3.14 billion ($4.2 billion), reports Reuters, while revenues fell 8.4 percent to €42.62 billion. The Spanish giant has been suffering on its cash-strapped home turf, though thankfully its Latin American operations, which now account for more than half of its revenues, have been performing strongly. (See Telefónica Reports Q3 and Euronews: Telefónica Boasts Return to Growth.)

  • Orange (NYSE: FTE) and Visa Europe have joined forces to launch Orange Cash, an app that streamlines NFC payments by smartphone at French retailers. Around 200,000 French terminals can now handle NFC payments. For payments of less than €20 ($26.80) it's a matter of a simple swipe: Above that, PIN numbers come into play.

  • UK mobile joint venture EE is claiming what is frankly quite an unsexy-sounding world record: the "world's first petabyte (PB) mobile data bundle for business." The operator has launched a range of "Super Bundles" for business users, ranging from 50TB to 1PB. The bundles have no expiry date and can be topped up at any time.

  • BT Group plc (NYSE: BT; London: BTA) is extending its teleconferencing partnership with Cisco Systems Inc. (Nasdaq: CSCO), adding some extra Cisco-powered services to its portfolio, including Cisco TelePresence WebEx, which enables users to share two-way video, audio and content using any type of Cisco TelePresence endpoint with Cisco WebEx participants, and Cisco Jabber, the UC (unified communications) client application. See this press release for more details.

  • UK telecom regulator Ofcom has released details of its plans to make more spectrum available for the anticipated data surge that will accompany next summer's Commonwealth Games in Glasgow. Public sector organizations such as the Ministry of Defence will be the main source of the additional spectrum expected to be required.

  • Zain Group is to launch an LTE-Advanced network with Huawei Technologies Co. Ltd. , offering speeds of up to 300 Mbit/s. The first phase of the rollout will see the launch of more than 100 LTE-Advanced cell sites across Kuwait, with more to follow. (See Zain Kuwait Preps LTE-Advanced , GSA: 87 Devices Now Support LTE-Advanced , and Why You Should Care About LTE-Advanced (Eventually).)

  • Sweden-based Ascom Wireless Solutions has joined forces with KPN Telecom NV (NYSE: KPN) to create mobile healthcare apps for the Dutch market. (See Ascom, KPN Team on Mobile Healthcare Apps.)

  • France's Technicolor (Euronext Paris: TCH; NYSE: TCH) has secured EuroDOCSIS 3.0 certification for its MediaAccess TC7210 gateway from Cable Europe Labs . The gateway enables download speeds of up to 800 Mbit/s over coax, says the vendor. (See Technicolor Gateway Gets EuroDOCSIS 3.0 Certification .)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • PaulERainford 11/11/2013 | 7:16:09 AM
    Re: Technicolor gateway Check out the link to the press release - there's technical gubbins a-go-go for you there, Alan.
    albreznick 11/10/2013 | 8:37:45 AM
    Technicolor gateway I'm surious about that new wireless cable modem gateway, Paul. Sounds pretty powerful. I think we need to learn more about its capabilities. Do you know any more about it? Otherwise, I'll see what I can do.  
    DOShea 11/8/2013 | 10:14:30 AM
    Telecom Italia Is that Telefonica takeover of Telecom Italia so far along that someone like Li Ka-shing of Hutchison Whampoa, who is looking for European deals http://www.lightreading.com/mobile/li-ka-shing-in-the-hunt-for-eu-telcos/d/d-id/706331 can swoop in and take a piece, or maybe the whole thing, and let Telefonica concentrate on the region where it's really making its money?

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