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Eurobites: Colt Hurt by Fall in Voice Revenue

Also in today's EMEA regional roundup: Google combines European subsidiaries; O2 launches browser version of Tu Go; speedy 5G.

  • UK-based Colt Technology Services Group Ltd saw its pre-tax profits fall more than 45%, to €23 million (US$26 million), in its latest set of full-year results, a decline the company attributed largely to a reduction in voice-related revenues. In a statement, CEO Rakesh Bhasin admitted that Colt's performance "did not deliver what we set out to achieve," but asserted that the company was starting 2015 with "reasonable momentum and a focused organisation." (See Colt-KVH: A Hook-Up Bound to Happen, Colt Evolves Its OSS for SDN, NFV and Colt: NFV Can't Be Backward Step.)

  • Google (Nasdaq: GOOG) is combining its two existing European subsidiaries into a single entity, to be run from London, reports the Daily Telegraph. Previously, the search giant had one subsidiary covering northern and western Europe and one covering the southern part. The company claims the move dovetails with the European Commission's plan for a single digital market.

  • UK mobile operator Telefónica UK Ltd. (O2), currently the subject of a $13.9 billion takeover bid from Hutchison Whampoa Ltd. (Hong Kong: 0013; Pink Sheets: HUWHY), has launched a WebRTC browser-based version of Tu Go, its multi-device calling and messaging application. Existing users of Tu Go can use Firefox or Chrome to log on to the app, without needing to download any software. (See Telefónica: Tu Me Has Got To Go.)

  • The 5G Innovation Centre (5GIC) at the UK's University of Surrey has achieved 5G speeds of 1 Tbit/s, according to a V3 report. The director of 5GIC, Professor Rahim Tafazolli, said the tests were carried out in laboratory conditions over a distance of 100 meters. (See Eurobites: 5G Consortium Sets Out Its Vision and UK Enterprise Partnership Secures 5G Funding.)

  • Moody's Investors Service has downgraded the credit rating of Russia's MegaFon to Ba1 from Baa3 following the downgrading of the country's sovereign rating to Ba1 level last week.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • aamir786 8/17/2019 | 4:43:10 AM
    Good "In Europe, network planning today only ever extends as far as national borders. Why?" asks Nemat. "We can and must think of network architecture without borders. If we can break down borders in Europe we can give [the US and Asia] a run for their money."

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