Also in today's EMEA regional roundup: Hungary abandons data tax; KPN takes control of Reggefiber; EU does cyber-security drill.
Telefónica SA (NYSE: TEF) is to join forces with América Móvil S.A. de C.V. and Brazil's Oi to bid for and then, if successful, divide the spoils of TIM Brasil , Telecom Italia (TIM) 's Brazilian unit, according to a report in Brazilian newspaper Folha de S. Paulo, cited by Reuters. Under the terms of the reported deal, América Móvil would hold 40% of TIM's business, Telefónica 32% and Oi 28%, for a price of 31.5 billion reais ($13.1 billion).
Mass protests on the streets of Budapest have persuaded the Hungarian government that its proposed data tax is not a good idea, and it has officially abandoned the plan in its current form, the BBC reports. The draft law levied a fee of 150 forints ($0.60) on each gigabyte of Internet data traffic, which would have fallen on Internet service providers, who in turn, the protesters feared, would pass it on to consumers.
Dutch incumbent KPN Telecom NV (NYSE: KPN) has received regulatory approval to acquire an additional 9% stake in Reggefiber BV for €161 million ($202 million), taking its total stake to 60% and giving it full control of the fiber network operator. In a statement, KPN said that the move "fits perfectly in KPN's hybrid upgraded copper/FttH strategy."
More than 200 organizations -- a number of telcos among them -- took part in what the European Commission describes as Europe's biggest ever cyber-security exercise on Thursday. According to a Commission press release, a "life-like, large-scale cyber-security scenario" was created, against which those taking part tested their procedures. As far as we know, a nightmare scenario was averted. Perhaps it's just as well they didn't do it on Halloween, however.
Archie, Eurobites' official attack dog, stages a Halloween-themed bed-in to protest against cyber-security failings in the EU. And sub-standard kibble.
the Hungarian protestors > The draft law levied a fee of 150 forints ($0.60) on each gigabyte of Internet data traffic,
I am happy for the Hungarian protestors. This would advantage more knowledge based industries. Not only that this new tax would have been passed on to the consumers, this would also have contributed to the digital divide.
Hungarian data tax I don't see how someone thought anyone could agree and be happy with this idea. I believe the protesters were right and the fee would have immediately passed on to consumers.
"Fidesz had said the special tax was needed to balance Hungary's budget in 2015."
It seems like someone in the Hungarian government wanted to get some easy money in.
"Speaking on Kossuth public radio, Mr Orban said that "if the people not only dislike something but also consider it unreasonable then it should not be done..."
I can't understand how come they thought this could be reasonable in the first place. :/
Archie and Minnie should meet one day. :D