Also in today's EMEA regional roundup: Telekom Austria's ropey third quarter; Facebook data privacy case continues; Deutsche Telekom hooks up with Wandera.
Sweden's Telia Company is having another stab at selling Yoigo , the Spanish mobile operator in which it holds a 77% stake, according to a Bloomberg report. Sources cited in the report estimate that the sale, which was first attempted in 2012, could raise around €500 million (US$567 million). The news comes as TeliaSonera announces its third-quarter results: net income increased 12.7% to 4.58 billion Swedish kronor ($552 million) on revenue that was up 6.3%, to SEK27.03 billion ($3.25 billion), with the operator finding the going particularly tough in its Eurasian operations. (See TeliaSonera to Quit Eurasia, Focus on Europe.)
Also bearing third-quarter results is Telekom Austria Group , which saw group revenues decline by 3.5% year-on-year to €1.01 billion ($1.14 billion) and EBITDA (earnings before interest, tax, depreciation and amortization) slump 6.8% to €386.4 million ($439 million). Telekom Austria is now controlled by América Móvil S.A. de C.V. , the Mexican operator owned by Carlos Slim.
The ongoing legal wrangle between Austrian privacy activist Max Schrem and Facebook , which centers on the latter's propensity to transfer personal data across the Atlantic, will begin another chapter, as the High Court in Dublin hears the Irish data commissioner's views on the matter. As the BBC reports, the Irish regulator has been instructed by the European Court of Justice to examine Schrems's complaint with "all due diligence." (See Eurobites: Facebook Faces Privacy Class Action.)
Deutsche Telekom AG (NYSE: DT) has teamed up with security specialist Wandera to offer mobile gateway services to its business customers. Wandera's software offers mobile threat prevention, intelligent policy control and data compression to increase productivity, cut data usage and help address "bill shock."
Swisscom AG (NYSE: SCM) is investing in two Swiss startups, Crowd and Ava. The first has created an app that uses a "self-learning algorithm" to supposedly help people organize their free time; the second has developed a smart wristband that helps couples to plan a pregnancy. Is it just us or does that second one sound like a right old passion-killer? Discuss, in a non-rude manner, on the message boards.
— Paul Rainford, Assistant Editor, Europe, Light Reading