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Test & Measurement

Euronews: Spirent Pulls M&A Trigger

Spirent Communications plc , Vodafone Group plc (NYSE: VOD) and Orange (NYSE: FTE) take us into the weekend in today's roundup of EMEA tidbits.

  • U.K.-based Spirent is shelling out US$40 million to buy applications test system specialist Mu Dynamics , a move that Spirent believes will help it become a significant player in the cloud services management sector. (See Spirent to Buy Mu Dynamics and Spirent Paves Cable Path to Growth .)

  • Vodafone has been given until Monday (April 23) to tender an offer for enterprise services specialist Cable & Wireless Worldwide plc (London: CW), reports Reuters. The other potential bidder, Tata Communications Ltd. , has unexpectedly fallen by the wayside. (See Euronews: Bids 'Imminent' for C&WW, Euronews: Tata Considers C&WW Bid and Euronews: Vodafone Eyes M&A Opportunity.)

  • France Telecom has reached a wage agreement for 2012 with labor unions in France. Employees will receive an average salary increase of 2.2 percent. (See Euronews: France Telecom Profits Slip in 2011.)

  • Business Africa Daily reports that Safaricom Ltd. , the Kenyan operator in which Vodafone holds a 40 percent stake, is planning to lay a fiber network in readiness for the "data tsunami," which its CEO believes will crash over Kenya in 12 to 18 months' time.

  • Ziggo B.V. , the Dutch triple-play provider, saw its first-quarter operating income rise 21.4 percent year-on-year to €105 million ($138.5 million). During the quarter the company, which serves around 3 million households, completed its IPO.

  • Neelie Kroes, the European Commission 's vice president for the Digital Agenda, used a speech in Lyon on Thursday to underline her belief in the principle of "net neutrality," saying "…I am committed to safeguarding net neutrality. Everyone should have the option of full access to a robust, best-efforts Internet." (See EC Reports on Net Neutrality.)

  • The CEO of Djezzy GSM , VimpelCom Ltd. (NYSE: VIP)'s Algerian unit which has been at the center of a row between the Russian operator and the Algerian government, is on medical leave, reports Reuters Africa. A VimpelCom spokesperson stressed that Tamer El Mahdy remained the CEO of the company.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Flook 12/5/2012 | 5:35:40 PM
    re: Euronews: Spirent Pulls M&A Trigger

    Know why Tata bowed out. Based on previous reports, my own gut feeling was that Tata might make a strong place for CW.

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