& cplSiteName &

Eurobites: Vodafone Greece Extends Network With CYTA Acquisition

Paul Rainford
7/11/2018
50%
50%

Also in today's EMEA regional roundup: Com Hem profits down in Q2; Virgin adds BT's 4K UHD sports channel; Sky sells online betting stake; UK fines Facebook a pittance for data breaches.

  • Vodafone Greece has completed its acquisition of CYTA Telecommunications Hellas S.A. for €118 million (US$138 million), thereby expanding its fixed network. CYTA Hellas has around 300,000 fixed broadband customers and 40,000 mobile subscribers, the latter through an MVNO arrangement with Vodafone.

  • Swedish cable operator Com Hem AB increased revenue 1.1% year-on-year to 1.81 billion Swedish kroner ($206 million) in the second quarter, though operating profit decreased by 3.6% to SEK222 million ($25.3 million) due, says the operator, to exceptional items skewing the year-on-year comparison. Looking ahead to the second half of the year, Com Hem says it will be continuing with its network upgrade in preparation for a "1+ Gbit/s" service launch.

  • In the UK, Virgin Media Inc. (Nasdaq: VMED) is adding the BT Sport 4K UHD channel to its premium bundles, at no extra cost to subscribers. This will bring Virgin 351 UEFA Champions League and UEFA Europa League soccer games alongside 42 live Premier League matches, the FA Cup, European Rugby Champions Cup, boxing, MotoGP and more, all in pimple-revealing, higher-than-high-definition detail.

  • Elsewhere on the UK cable front, takeover target Sky (NYSE, London: SKY) has completed the sale of its 20% stake in Sky Betting & Gaming (SBG) to The Stars Group for £635 million ($840 million). Sky says it will use a proportion of the proceeds to fund a software innovation center at its Osterley campus, just west of London. (See Fox Trumps Comcast With $32.5B Bid for Sky.)

  • In a move akin to a massive bull elephant being pricked on its behind with a toothpick, Facebook is to be fined £500,000 ($662,000) by the UK's data protection watchdog for data breaches relating to the Cambridge Analytica scandal. Why such a miniscule fine? It's the maximum allowed under current UK law. As the BBC reports, the Information Commissioner's Office has also sounded the alarm about political parties buying personal information from so-called "data brokers." (See Facebook: The Sick Man of Silicon Valley.)

  • 3 Denmark is planning to keep data-hungry music fans at the forthcoming Roskilde Festival happy by deploying Huawei's 4T6S SingleRAN offering. Huawei Technologies Co. Ltd claims the deployment will shorten the average upload and download times by 82% and 79% respectively.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
    Flash Poll
    Upcoming Live Events
    September 12, 2018, Los Angeles, CA
    September 24-26, 2018, Westin Westminster, Denver
    October 9, 2018, The Westin Times Square, New York
    October 23, 2018, Georgia World Congress Centre, Atlanta, GA
    November 6, 2018, London, United Kingdom
    November 7-8, 2018, London, United Kingdom
    November 8, 2018, The Montcalm by Marble Arch, London
    November 15, 2018, The Westin Times Square, New York
    December 4-6, 2018, Lisbon, Portugal
    All Upcoming Live Events
    Hot Topics
    Adtran Will Be a 5G Winner, Says Analyst
    Iain Morris, News Editor, 7/19/2018
    Trump Trashes EU's $5B Google Fine
    Dan Jones, Mobile Editor, 7/19/2018
    Get Off My Wireline Lawn!
    Carol Wilson, Editor-at-large, 7/17/2018
    Eurobites: EU Socks Google With $5B Monster-Fine for Android Control-Freakery
    Paul Rainford, Assistant Editor, Europe, 7/18/2018
    Netflix Is Growing, but Don't Ask by How Much
    Phil Harvey, US News Editor, 7/16/2018
    Upcoming Webinars
    Webinar Archive
    Animals with Phones
    Casual Tuesday Takes On New Meaning Click Here
    When you forget your pants.
    Latest Comment
    Live Digital Audio

    A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

    Like Us on Facebook
    Twitter Feed