ECB sticks with Verizon in wake of U.S.-German spying clash

Central bank upholds framework for provision of internet-related services, business continuity

Reuters

FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.

The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.

In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".

DataCloud Central & Eastern Europe 2014

Date
Start Date: 
Wednesday, October 15, 2014
End Date: 
Wednesday, October 15, 2014

Germany:

Datacenter and Cloud Transformation for Digital Enterprises
A new conference for IT Infrastructure executives in CEE markets

Enterprises and third party operators across central and eastern European markets are transforming to cloud datacenters, fast becoming the indispensable infrastructure for computing, storage and management of big data. Enterprises require simple and scalable ways to create interoperability among many siloed data and endpoints, which offer highly available, multi-tenant and elastic integration cloud to support high density computing.

EU clears Telefonica Deutschland's takeover of E-Plus

Raises prospects of more deals to come across Europe's telecoms markets

Reuters

BRUSSELS/FRANKFURT (Reuters) - European regulators have cleared Telefonica's bid to consolidate the German mobile market by buying smaller rival KPN's E-Plus for 8.6 billion euros ($11.7 billion), raising prospects of more deals to come across Europe's telecoms markets.

The European Union's powerful antitrust chief Joaquin Almunia said on Wednesday that Telefonica agreed to concessions - including selling some radio spectrum and renting out capacity on its network to smaller rivals - to ensure that the deal does not lead to higher prices for customers.

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