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EU, Japan to invest EUR 12 mln in joint 5G projects
2015-05-29 16:23:00| Telecompaper Headlines
(Telecompaper) The EU and Japan have agreed to work together for the development of 5G mobile technology and to invest EUR 12 million during the next two years in 5G related projects. The projects will help develop the Internet of Things, cloud or big data platforms. 5G equipment and networks are likely to become available to the public in 2020. Japan aims to deploy 5G networks in time for the 2020 Tokyo Olympic Games. The deal was made during the EU-Japan summit in Tokyo by Japanese Minister for Internal Affairs and Communications Sanae Takaichi and European Commissioner for Digital Economy and Society Gunther Oettinger. The EU earlier signed a 5G cooperation agreement with South Korea and is working towards closer cooperation with other countries, including China.
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Orange secures EC approval of EUR 3.4 bln Jazztel takeover
2015-05-19 14:34:00| Telecompaper Headlines
(Telecompaper) Orange has secured the European Commission's approval of its EUR 3.4 billion takeover of Spanish broadband operator Jazztel after agreeing to a series of concessions designed to address competition concerns by creating a fourth major player in Spain. Orange's commitments will "ensure that a new operator can enter the Spanish market and be able to compete effectively in markets involving fixed internet access services," said the EC in a statement. The EU's antitrust commissioner Margrethe Vestager added that the remedies would allow a new player to enter the market and compete as strongly as Orange and Jazztel so that "consumers in Spain would not suffer from higher prices for fixed internet access services." Orange won the EC's approval by agreeing to divest an independent FTTH network covering 700,000-800,000 households in Madrid, Barcelona, Valencia, Seville and Malaga, five of the largest Spanish cities. In addition, Orange committed to grant the purchaser of the FTTH network wholesale access to Jazztel's national ADSL network for up to eight years, a commitment that would allow the purchaser to compete immediately on 78 percent of Spanish territory, said the EC. Finally, the buyer would also be given wholesale access to Orange's mobile network including 4G services, if it does not already have access to a mobile network.
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DT agrees Slovak Telekom buy-out for EUR 900 mln
2015-05-19 13:26:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom announced an agreement to acquire the remaining 49 percent in Slovak Telekom it does yet own from the Slovakia government for EUR 900 million. The Slovak government earlier planned an IPO for its stake, until it received a better offer from the German operator. Deutsche Telekom said the price corresponds to an enterprise value of 3.8 times the operator's EBITDA. Claudia Nemat, DT board member for Europe, said ST is a "highly attractive asset", as the only quad-play provider in Slovakia and leading fixed-line operator. Furthermore, it is the second of DT's subsidiaries to operate an all-IP network and recently adopted the operator's Magenta One converged fixed-mobile strategy. The acquisition of the remaining shares allows for simplification of the capital and governance structure of Slovak Telekom and will keep a greater share of cash at the operator, due to an end to dividends to minority shareholders. Slovak Telekom is already fully consolidated by Deutsche Telekom, so the transaction has no impact on group revenue and EBITDA. The transaction is not subject to regulatory approvals and is expected to be completed in the coming weeks.
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Eurofiber sold for EUR 875 mln to Antin IP
2015-05-12 15:04:00| Telecompaper Headlines
(Telecompaper) The French investment company Antin Infrastructure Partners has agreed to buy the Dutch network operator Eurofiber for EUR 875 million. Eurofiber is owned by investors Doughty Hanson and Reggeborgh. Eurofiber will continue as an independent operator under the same management. The company said the new owner should help accelerate its growth in the infrastructure market in the Dutch enterprise sector and elsewhere. Rumours of a possible sale of Eurofiber first emerged last autumn. CEO Alex Goldblum told Telecompaper that the company talked to multiple possible bidders. "Our focus was on forming a partnership and we found that with Antin IP," he said. While an IPO was also considered, this was not a serious option, the CEO said. Antin IP focuses on investments in critical infrastructure, such as telecom towers and energy companies. The company supports Eurofiber's open network model, Goldblum said, noting that customers should see no change from the switch in ownership.
Romanian auto market valued at EUR 18 bln last year
2015-05-11 10:05:50| Auto Parts - Topix.net
According to Constantin Stroe, President of the Romanian Association of Auto Manufacturers , the Romanian auto market had a value of EUR 18 bln in 2014. At a special conference organized by 'ZF' daily, Stroe pointed out that this value was 7 per cent higher year-on-year.
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