With the £1.044 billion (US$1.64 billion) acquisition of Cable & Wireless Worldwide plc (London: CW) complete, Vodafone has replaced the top team at the enterprise services firm with Vodafone staff, with five senior C&W Worldwide executives heading for the exit door. C&W Worldwide's CEO, Gavin Darby, is being replaced by Nick Jeffery, currently the CEO of Vodafone Global Enterprise. Jeffery's main job is to integrate C&W Worldwide, which globally boasts about 6,000 enterprise and carrier customers, to which it provides a range of voice and data services, including IP, Ethernet and cloud services. C&W Worldwide reported revenues of £2.15 billion ($3.37 billion) and a net loss of £541 million ($849 million) for the financial year ending March 31. For the full list of management changes at C&W Worldwide, see Vodafone Appoints C&WW Execs.
Israeli deep packet inspection (DPI) systems vendor Allot reported better-than-expected revenues and earnings for the second quarter of 2012 and announced the acquisition of peer-to-peer (P2P) and online video caching management specialist Oversi Networks Ltd. in a deal worth up to $21 million. (See Allot Buys Content Caching Specialist.)
Samsung Electronics and Telefónica have formed a partnership to jointly provide services to multinational corporations (MNCs). (See Samsung, Telefonica Team Up.)
Media group De Persgroep is preparing an offer to buy BASE, KPN's Belgian business, reports Reuters. KPN, which has been looking for ways to fend off takeover efforts from Carlos Slim, announced that it has started the sale process for BASE when it announced its half-year financials on July 24 and could raise as much as €1.8 billion ($2.2 billion) from the sale of its Belgian assets. (See Euronews: Slim Takes a Breather.)
Millicom International has appointed Hans-Holger Albrecht as president and CEO, effective Oct. 31 2012. He replaces Mikael Grahne, who has resigned after four years at the helm and 11 years at the operator. Millicom, which generated revenues of $1.18 billion in the second quarter, provides mobile services to more than 30 million customers in 13 markets in Africa and Latin America and also offers cable and broadband services in five countries in Central and Latin America. (See Millicom to Buy Cablevisión Paraguay.)