The French government is concerned about Alcatel-Lucent's plan to use patents as collateral for a 1.6 billion euro ($2.1 billion) loan because the intellectual property could fall into the hands of foreign banks, Les Echos newspaper reported.
On Friday, the loss-making telecom equipment maker said it had agreed an asset-backed loan from Credit Suisse and Goldman Sachs to help it deal with upcoming debt maturities and fund its ongoing restructuring.
Belgian cable company Telenet remains opposed to a takeover bid from majority owner Liberty Global (LGI), with independent directors saying the offer price of €35 ($47) per share is too low.
In a statement quoted by Dow Jones Newswires, Telenet’s directors said “the current offer does not sufficiently reflect the value of the company and its prospects”. The statement went on to say the directors “would consider recommending an offer from LGI if it were made at a price between €39 and €40”.
The European Union may force companies operating critical infrastructure in areas such as banking, energy and stock exchanges to report major online attacks and reveal security breaches, a draft EU report seen by Reuters on Monday said.
The European Union's executive Commission is due to present a proposal on cybersecurity in February once it has received feedback from the European Parliament and EU countries.
Telit’s launch of m2mAIR in July was seen as an ambitious and potentially risky move into value-added services by a company whose previous business had been largely restricted to the sale of M2M modules. But Telit says the number of m2mAIR customers is already approaching 100 and growing fast, with about 300 companies piloting the service.
Speaking to M2M Zone, Dan Amir, the head of m2mAIR, was upbeat about the performance of the division over its first few months in the market.
A consortium involving the Edison Power Group, South Africa’s largest electrical contracting company, and smart-meter specialist Itron has won a $150 million contract to roll out smart-metering technology in Johannesburg.
In what Itron (Liberty Lake, USA) describes as Africa’s first large-scale smart-metering project, the companies will provide support to City Power (Johannesburg, South Africa), a utility company in Johannesburg, by improving service delivery and efficiency through network automation.
Telecoms equipment maker Ericsson is to provide its connected-car technology for use in new vehicles being made by Volvo.
The vendor’s “Connected Vehicle Cloud” will allow drivers and passengers to access cloud applications for information, navigation and entertainment using a screen in the car.
Ericsson (Stockholm, Sweden) says that Volvo (Torslanda, Sweden) will be able to open up parts of the platform to other players in the automotive industry, including internet radio providers, road authorities, cities’ governments and toll-road operators.
Belgian telecoms incumbent Belgacom has chosen an M2M software platform from KORE Systems as the basis for its M2M services.
The KORE Systems (Toronto, Canada) platform is to be integrated with Belgacom’s mobile network and business systems and customized to meet the operator’s specific needs.
Belgacom (Brussels, Belgium) says the platform will improve its M2M service offering, giving customers greater management over devices, from network usage and billing to repairs.
Imaging specialist Technicolor is to provide a home automation tablet for use with Swisscom’s smart-homes service.
The Swiss telecoms incumbent has launched what it calls a “smart secure living offering” under the brand of “Quing Home”, allowing customers to control security, automation and energy management through a managed tablet or smartphone application.
Technicolor’s MediaTouch HomePilot tablet is now being positioned by the companies as “the ideal home automation hub for the connected home”.
Shares in Dutch telecoms group KPN, now part of Mexican tycoon Carlos Slim's empire, plunged as much as 15 percent after it cut its dividend for this year and next to meet the higher-than-expected cost of new mobile licenses.
A new player, Sweden's Tele2 (Stockholm, Sweden), also won licenses in Friday's Dutch auction of 4G wireless spectrum, a move likely to increase competition in one of Europe's most lucrative telecoms markets as the winners roll out faster services that allow users to watch video and surf the Internet on the move.
France Telecom’s Spanish subsidiary has taken over Simyo, a mobile virtual network operator (MVNO) previously owned by KPN of the Netherlands.
The operator’s statement on the transaction did not disclose any financial details, but Spain’s El Economista says the fee was approximately €30 million ($40 million), citing sources close to the deal.
Simyo serves about 380,000 customers in Spain and will boost the subscriber base of Orange Spain – the brand under which France Telecom (Paris, France) operates in Spain – to some 12.2 million.