Also in today's EMEA regional roundup: Nokia cuts jobs in Finland; Ericsson lands managed services deal in UAE; Virgin's FTTP push continues.
There are signs of a rift emerging within the European Union over how online giants are regulated, reports Bloomberg. Twelve European member states have collectively written a letter to the Netherlands, which currently holds the presidency of the EU, calling on the authorities to refrain from adopting a "one-size-fits-all" approach to the regulation of activities carried out by the likes of Google (Nasdaq: GOOG) and Amazon.com Inc. (Nasdaq: AMZN). They fear a heavy-handed approach to lawmaking in this area could place unnecessary and ultimately counter-productive burdens on Europe's online economy. But the list of signatories doesn't include Germany or France, which have both been looking to get tough with the online titans, particularly on data privacy issues. (See Euronews: Prism a Wake-up Call, Says DT, Euronews: Merkel Moots US Data Bypass and Euronews: French Fury at NSA Snooping.)
Nokia Corp. (NYSE: NOK) has concluded its latest round of redundancy talks, reports Finnish website YLE, with the number of workers in Finland being "pink-slipped" slightly down on the original estimate of 1,300, at 1,032. The job cuts follow the acquisition of Alcatel-Lucent earlier in the year. Most of those leaving the company are based in Espoo, home to Nokia headquarters, with the rest being split between the cities of Oulu and Tampere. The full program of redundancies is due to be completed by the end of 2018. (See Eurobites: Shareholders Approve 'NokAlu' Deal and Nokia + AlcaLu: What the Analysts Say.)
Ericsson AB (Nasdaq: ERIC) has landed a new managed services deal with Emirates Integrated Telecommunications Co. (du) , assuming responsibility for du's IT infrastructure, application operations and security compliance. The operator serves more than 8 million individual customers and over 80,000 businesses in the UAE.
UK cable operator Virgin Media Inc. (Nasdaq: VMED) has announced the ten communities where residents will be given the opportunity to subscribe to FTTP broadband as part of Virgin's Supercharging Local Communities initiative. Three of the communities are in Scotland, with the rest being spread across England, from Wilsden in the north to Oakley in the south. The full list of the communities that will potentially be able to access speeds of up to 300 Mbit/s is shown in the graphic below. Virgin, now owned by Liberty Global Inc. (Nasdaq: LBTY), has committed to connect at least a quarter of the 4 million homes and businesses being added to its network as part of its "Project Lightning" expansion program.
Signing Up for Virgin Media's FTTP
Source: Virgin Media
— Paul Rainford, Assistant Editor, Europe, Light Reading