Euronews: AlcaLu Offloads Genesys
Alcatel-Lucent (NYSE: ALU), Orange France
and China Telecom Corp. Ltd. (NYSE: CHA) take center-stage in today's survey of EMEA telecom headlines.
Alcatel-Lucent has, as was widely expected, sold its Genesys Telecommunications Laboratories Inc. business to private equity firm Permira for around US$1.5 billion, reports the (subscription required). Genesys sells Financial Times Service Provider Information Technology (SPIT) software for contact centers. (See Euronews: AlcaLu Struggles to Sell Enterprise Biz and AlcaLu Seeks Buyer for Enterprise Biz.)
Orange and China Telecom have signed a partnership agreement that they hope will provide reciprocal benefits for the former in Asia and for the latter in Europe and Africa. (See Orange & China Telecom Cozy Up and China Telecom Still Talking Euro M&A .)
Fastweb SpA (Milan: FWB), the Italian competitive operator, is about to deploy a 100G-per-channel link between Milan and Rome, courtesy of Nokia Networks . It is envisaged that total data transfer speeds of 4 Tbit/s will be reached. (See Fastweb Deploys 100G With NSN and Fastweb Hits 100Mbit/s.)
It's Day 4 of the great BlackBerry blackout and the BBC reports BlackBerry 's claim that services have "improved significantly." It seems that ongoing problems are mainly the result of a backlog of emails sent to Europe from Asia and the Americas. (See RIM's Three-Day Service Disruption Spreads and Euronews: BlackBerry Outage Hits Millions.)
The executive cull continues at EE , the joint venture between Orange UK and T-Mobile (UK) . According the , new-broom CEO Olaf Swantee is waving goodbye to 22 directors and vice-presidents, which represents more than a tenth of those who report directly to the board. (See The Independent CEO Quits Everything Everywhere and Orange, T-Mobile Do Everything Everywhere .)
Zain KSA (Zain Saudi Arabia) has managed to increase its revenues by 8 percent and reduce its net losses by more than 11 percent year-on-year, according to its third-quarter financials. A rise in the number of voice calls and increasing demand for broadband helped change things for the better. (See Zain Saudi Arabia Reports Q3.)
Not such good news at Russian long-distance operator Rostelecom , which posts net profits down 19 percent to $273 million year-on-year in its second-quarter results, reports Ria Novosti.
— Paul Rainford, Assistant Editor, Europe, Light Reading