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Eurobites: Nokia Gets Nod From China on AlcaLu Deal

Paul Rainford
10/19/2015
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Also in today's EMEA regional roundup: Ericsson in IoT tie-up; Orange shells out for Polish spectrum; Tele Columbus launches share issue.

  • Nokia Corp. (NYSE: NOK) has received approval from the Chinese Ministry of Commerce for its proposed €15.6 billion (US$16.6 billion) takeover of Alcatel-Lucent (NYSE: ALU), a move which the vendor says "completes the material antitrust review process required for the transaction." As part of the deal, Nokia intends to create a joint venture in China to combine Nokia's infrastructure businesses there with Alcatel-Lucent Shanghai Bell, to be called Nokia Shanghai Bell. (See Eurobites: Nokia Gets EC Green Light for AlcaLu Acquisition and Nokia & Alcatel-Lucent: What's Going On?)

  • Ericsson AB (Nasdaq: ERIC) has teamed up with Germany's Giesecke & Devrient to offer remote SIM management services for the Internet of Things market. The services will be delivered through Device Connection Platform (DCP), Ericsson's IoT/M2M platform, and G&D's subscription management platform, SmartTrust AirOn.

  • Orange Polska will pay 3.2 billion zlotys ($859.11 million) for 4G spectrum in Poland's latest auction, according to a Reuters report. The regulator also revealed that T-Mobile will pay PLN2.1 billion ($561 million) for its slice, while Polkomtel SA must stump up PLN156 million ($41.7 million).

  • Germany's third-largest cable operator, Tele Columbus AG , has launched a share issue which it hopes will raise around €382.7 million ($435.21 million). Could it be that more acquisitions are on the horizon? Back in July Tele Columbus bought rival PrimaCom for €711 million (US$775 million). (See Tele Columbus Bulks Up With $775M Acquisition.)

  • The CEO of Bharti Airtel Ltd. (Mumbai: BHARTIARTL) has criticized Safaricom Ltd. for allegedly abusing its dominant position in the Kenyan market, reports the Financial Times (subscription required). Adil El Youssefi highlighted in particular the lack of access offered to Safaricom's competitors in the mobile money sphere -- Safaricom holds 67% of that market, says the report.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    nasimson
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    nasimson,
    User Rank: Light Sabre
    10/23/2015 | 11:56:41 PM
    mPaisa?
    Paul: Is Safaricom the operator running extremely successful mPaisa service? Then I can understand why Sorrel is so pissed off as that's the biggest mobile money service in the world.
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