Euronews: Tata Considers C&WW Bid

In today's EMEA roundup: Indian giant looks at UK services provider; TeliaSonera buys some fiber; SFR slumps in 2011; lightRadio in the UAE

March 1, 2012

2 Min Read
Euronews: Tata Considers C&WW Bid

Cable & Wireless Worldwide plc (London: CW), Telia Company and SFR are all set for today's sprint through the EMEA telecom headlines.

  • Indian giant Tata Communications Ltd. is considering making a bid for U.K.-based Cable & Wireless Worldwide, reports the Daily Telegraph. C&WW, which counts several large public-sector organizations in the U.K. among its customers, has had a turbulent recent past, going through three CEOs in 12 months and issuing profit warnings. Last month Vodafone revealed it was also looking into buying C&WW. (See C&W Worldwide Names New CEO, Euronews: Vodafone Eyes M&A Opportunity, Pluthero Back in C&W Hot Seat and Euronews: C&W Worldwide Mulls Asset Sale.)

  • Swedish operator TeliaSonera has acquired Svenska Stadsnät, a company providing fiber capacity to municipalities, enterprises and households in Sweden, for an undisclosed sum. Svenska Stadsnät recorded net sales of 53 million Swedish Kroner (US$8 million) in 2011. (See TeliaSonera Chokes Free VoIP Services .)

  • SFR, the French mobile operator and broadband provider, saw its EBITDA fall by 4.4 percent year-on-year to €3.8 billion ($5.06 billion) in 2011, despite getting nearly half of its mobile customers onto smartphones, reports Telecompaper (subscription required). The cut in mobile termination rates was once again identified as one of the chief culprits, though the entrance of Iliad (Euronext: ILD)'s Free Mobile into the French market is also expected to dent SFR's revenues in the near term. (See Iliad Disrupts the French Mobile Scene and Euronews: French Rivals Do Deal on FTTH.)

  • Alcatel-Lucent (NYSE: ALU) has, it says, successfully completed a lightRadio trial with Etisalat in the UAE. AlcaLu showed off its clever little cubes -- which have taken a starring role during the ongoing Mobile World Congress -- at Etisalat's headquarters in Abu Dhabi, using the operator's LTE network. (See Looking for lightRadio, Telefonica Sees the Light(Radio) and AlcaLu lightRadios Go Live at MWC .)

  • Orange (NYSE: FTE) has announced the completion of the sale of its Swiss operation, Orange Switzerland, to private equity firm Apax Partners for around €1.5 billion ($1.99 billion). (See FT Looks to Sell Swiss Biz and FT: We're Committed to Switzerland.)

  • No doubt enviously eyeing the success of Amazon's Kindle, Telefónica SA (NYSE: TEF) has signed a deal with Spain's largest publisher, Grupo Planeta, to expand the content available to its proprietary Movistar e-book.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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