Mobile services

Eurobites: O2 Flotation Rumors Resurface

Also in today's EMEA regional roundup: Telefónica throws in its 5G lot with Huawei; Norway's Broadnet upgrades with Coriant; Finland's Setera drives expansion with Mitel.

  • Telefónica has re-opened talks with banks about a possible flotation of its UK subsidiary, O2, according to a Financial Times report (subscription required). The future of O2 has been cast into doubt ever since the European Union competition authority vetoed its merger with Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY)'s Three UK . This is by no means the first time O2 flotation talk has done the rounds: Back in 2012, the Daily Telegraph was reporting on how the operator was looking at the option to help tackle its debt mountain. (See Eurobites: EU vetoes O2/3 combo and Telefónica Eyes Alternative Buyers for UK Biz – Report.)

  • Meanwhile, over in China, Telefónica has signed a joint innovation agreement on 5G and NG-RAN with Huawei Technologies Co. Ltd. Major areas of cooperation will include research into 5G Core architecture and CloudRAN. The two companies had already signed a 5G-oriented Memorandum of Understanding in 2015, so this latest move represents a fine-tuning and re-focusing of their existing relationship.

  • Norway's Broadnet has upgraded its optical network using technology from Coriant. The Broadnet fiber infrastructure spans over 45,000km of fiber and connects more than 90 cities and towns throughout Norway, serving a range of residential and business customers.

  • Finnish operator Setera has turned to MiCloud, Mitel Networks Corp. 's cloud platform, to provide the launchpad for new cloud services for SMEs in Italy and other southern European markets.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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