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Eurobites: Nokia Closes HERE Sale

Also in today's EMEA regional roundup: Nokia helps set up SDN non-profit; SON specialist raises $25.4 million; Altice closes in on news channel.

  • Nokia Corp. (NYSE: NOK) expects the €2.8 billion (US$3.06 billion) sale of its HERE mapping services unit, to a consortium of German car makers, to close today, beating its original estimate of Q1 2016. The consortium comprises Audi, BMW and Daimler. (See Eurobites: Nokia Seals HERE Sale and Carmakers Closing In on Nokia HERE – Report.)

  • Hurrah! There's another open source interest group in town! Nokia has got together with ARM Ltd. and Enea AB to establish the non-profit OpenFastPath (OFP) Foundation, which its backers describe as an "initiative that combines the advanced technologies and security features of the telco world with the open source approach of the IT domain." The plan is to create a productive open source community around a standardized TCP/IP stack to help accelerate the performance of SDN-ready applications. (See Nokia, ARM, Enea Form OpenFastPath (OFP) Foundation.)

  • Cellwize Wireless Technologies Pte Ltd. , an Israeli specialist in self-organizing network (SON) technology, has raised $24.5 million in a Series A funding round. According to research by Infonetics, the worldwide market for SON and mobile network optimization products is expected to reach $5.6 billion by 2018. (See Cellwize Lands $24.5M in Funding.)

  • UK-based Cobham Wireless has launched TeraVM, a cybersecurity threat analysis system which, the company claims, enables mobile operators to validate their security status through testing of their infrastructure against the latest security threats. High-profile data breaches against the likes of Vodafone UK have thrust the issue of network security back into the spotlight in recent weeks. (See CSP Network Security Becomes White Hot.)

  • Patrick Drahi, the buccaneering boss of France's acquisition-hungry Altice , is close to taking control of French TV news channel BFM TV, according to a Reuters report. (See Altice Confirms $17.7B Bid for Cablevision and Altice Confirms Bid for Bouygues Telecom.)

  • In other TV news, Sky has invested $300,000 in Los Angeles-based TV4 Entertainment, which owns a range of niche channels that are distributed through online platforms such as Hulu and Amazon.

  • Hutchison 3G Austria GmbH has come out top for voice services in Connect magazine's annual network performance test in Austria. China's ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) is the exclusive contractor for the operator's 2G, 3G, and 4G radio access networks.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Kruz 12/7/2015 | 10:30:12 AM
    Here Will these maps remain accessible for the mass and at no cost? These are priceless accurate maps whenever I am travelling.
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