Also in today's EMEA regional roundup: Ooredoo profits hit by foreign exchange movements; Tele2 completes acquisition of TDC Sweden; UK MPs call for national roaming.
Telefónica is to collaborate with Symantec Corp. (Nasdaq: SYMC) on cybersecurity for the Internet of Things (IoT). The Spanish giant, through its ElevenPaths security unit, will integrate Symantec's managed Public Key Infrastructure (PKI) certificate technology into its IoT offer. PKI technology is used to ensure that devices connected to the IoT are what they claim to be.
Net profit at Middle East operator Ooredoo was squashed by foreign exchange movements in the third quarter, falling 51% year-on-year to 370 million Qatari riyals (US$101.5 million). Revenue, however, was up 2% to QAR8.35 billion ($2.33 billion). Since the start of its financial year, Ooredoo's customer base has increased by 16% to nearly 133 million.
New rules on broadband advertising come into force in the UK today, making it compulsory for providers to clearly show the full cost of the service being offered, the BBC reports. It has been common practice for such ads to separate out the monthly cost of line rental from the headline price: Under the new rules, this will not be allowed.
Tele2 AB (Nasdaq: TLTO) has completed the acquisition of TDC Sweden for 2.9 billion Swedish kronor ($322 million), a deal which got the nod from the European Commission earlier this month. TDC Sweden specializes in business-to-business services for private companies and the public sector.
A group of UK MPs has called for the introduction of national roaming, so that mobile users get better nationwide coverage. As the BBC reports, the British Infrastructure Group claims that foreign visitors to the UK often get better coverage than British residents, as they are not tied to any single provider and can automatically make use of whatever is the strongest signal in their area.
— Paul Rainford, Assistant Editor, Europe, Light Reading