Also in today's EMEA regional roundup: MEPs vote through roaming charges ban; KPN revenues down but profits up in Q3; youth arrested in wake of TalkTalk hack.
The European Commission claims it has made progress in its dealings with the US over amendments to the so-called Safe Harbor data transfer agreement, an agreement which has been thrown into disarray over the recent Schrems ruling. In a speech by Jera Verouva, the European Commissioner for Justice, it was revealed that the Commission has been working with the US on strengthening the system of self-certification that is meant to underpin the Safe Harbor agreement. The US, said Verouva, has committed to stronger oversight of Safe Harbor by the Department of Commerce, stronger cooperation with national data protection authorities and priority treatment of data privacy complaints by the Federal Trade Commission.
Elsewhere in the European Commission's corridors of power, MEPs have voted to approve a proposed ban on data roaming charges, to come into effect in June 2017, reports the BBC. There had been fears, reported by the Daily Telegraph, that the plans could end up being voted down by MEPs from UKIP (the UK Independence Party) and the Greens, who believe the roaming charges ban will end up driving up bills for those using their mobile phones in their own country.
Dutch incumbent KPN Telecom NV (NYSE: KPN) saw third-quarter revenues slip 2.6% year-on-year, to €1.76 billion (US$1.94 billion), though adjusted for one-off charges, EBITDA rose 4.6%, to €640 million ($708.2 million). According to the company's results statement, growth in the consumer sector was offset by a continuing decline on the business side.
Following last week's massive cyber attack on UK broadband provider TalkTalk , the BBC reports that police arrested and then bailed a 15-year-old boy in Northern Ireland in connection with the hack. And in a move that does not sound like a PR masterstroke, TalkTalk has said that it will only waive termination fees for spooked customers wanting to exit their contracts early if those customers actually had money taken from their accounts as a result of the hack. Nevertheless, after falling sharply yesterday, TalkTalk's share price had risen by around 15% by 1 p.m. on Tuesday. (See TalkTalk Plummets on Security Woes.)
Ericsson AB (Nasdaq: ERIC) has signed a managed services agreement with Yoigo, the Spanish operator that forms part of the Telia Company group. There are two main components to Ericsson's offer; a service operations center and an experience management center. Last week it emerged that TeliaSonera was having another crack at selling Yoigo . (See Eurobites: TeliaSonera Revives Yoigo Sale.)