Also in today's EMEA regional roundup: Orange gets Spanish green light for Jazztel buy; Ericsson takes 5G down the mines; Drahi explains TWC pullout.
Nokia Networks is to acquire Eden Rock Communications, LLC , a specialist in multivendor SON (self-organizing network) technology and the creator of Eden-NET. The transaction is expected to complete in the third quarter of this year. Nokia has been looking to make further inroads into the SON sector, and at Mobile World Congress in March it launched iSON Manager, its own SON offering for multivendor heterogeneous networks.
Orange (NYSE: FTE) has received approval from the Spanish Securities Commission for its proposed €3.4 billion (US$3.7 billion) takeover of triple-play operator Jazztel plc . Last week Orange got the go-ahead from the European Commission on the deal, conditional on it selling off a fiber network and several other concessions. If the proposed deal comes off, Orange will become the second-largest fixed-line broadband operator in Spain.
Ericsson AB (Nasdaq: ERIC) is hoping to play its part in making Sweden's mines safer by contributing its 5G expertise to a pilot project that will use 5G for communication and remote control operations. In the initial phase of the pilot, 5G will be used to remotely control a Volvo truck used for transporting ore.
The owner of Altice , Patrick Drahi, has been telling a French parliamentary hearing that he pulled out of takeover talks with Time Warner Cable Inc. (NYSE: TWC) because his company was "not ready" for such a massive deal in the US, reports Reuters. Earlier this month, in a surprise move, Altice agreed to buy US cable operator Suddenlink Communications for $9.1 billion. Time Warner Cable, though, was ready for a massive deal, as we found out Tuesday. (See Charter Seals Deals for TWC, Bright House , Altice to Buy Suddenlink in $9.1B Deal, Is Altice the Great US Cable Consolidator? and What's It All About, Altice?)
TiVo Inc. (Nasdaq: TIVO) has acquired Polish middleware and multiscreen TV software specialist Cubiware for an undisclosed sum. The digital TV technology specialist says the move will help it expand into new emerging markets. Cubiware has about 40 customers in 25 countries across Latin America, Europe, the Middle East and Asia: In total, those companies serve about 12 million pay-TV customers. (See TiVo Buys Cubiware.)
Salt SA , the new incarnation of what was Orange Switzerland, has reported steady growth in its first-quarter results, with revenue up 3.3% to 319.3 million Swiss francs ($336.2 million) and adjusted EBITDA up 12.5% to CHF104.6 million ($110.1 million). Earlier this year Orange Switzerland was bought from its previous owners, Apax Partners , by Xavier Niel, the man behind the upstart French operator Iliad (Euronext: ILD), for CHF2.8 billion ($2.9 billion).
Telefónica Deutschland GmbH is selling around 300 of its phone stores to Drillisch, reports Reuters. Telefónica decided to trim its 1,750 German stores by about a third following its €8.6 billion ($9.4 billion) takeover of E-Plus.
— Paul Rainford, Assistant Editor, Europe, Light Reading