As the US pushes ahead with the “Cloud Act” it enacted about a year ago, Europe is scrambling to curb its reach. Under the act, all US cloud service providers from Microsoft and IBM to Amazon -- when ordered -- have to provide American authorities data stored on their servers regardless of where it’s housed. With those providers controlling much of the cloud market in Europe, the act could potentially give the US the right to access information on large swaths of the region’s people and companies. The US says the act is aimed at aiding investigations.
Telefonica offered to buy Vivendi’s Brazilian Internet-provider unit GVT for 6.7 billion euros ($9 billion) to expand in a fast-growing broadband market and address antitrust concerns in the country.
Vivendi would get 11.96 billion reais ($5.3 billion) in cash and shares in Telefonica’s Brazil unit. Vivendi would also get a right to buy a stake of about 8 percent in Telecom Italia from Telefonica.
Orange said it failed to agree on a deal to help the French telecommunications market consolidate, leaving few options as a price war spreads from wireless to landline subscriptions.
French phone stocks declined. Orange “believes that it cannot pursue this avenue at the present time” as conditions weren’t met, the Paris-based carrier said, without elaborating.
Bouygues, the owner of Bouygues Telecom, is preparing for a future with four carriers in France as “now nothing is happening in this area,” Chief Executive Officer Martin Bouygues told a committee of the French National Assembly.
Bouygues Telecom, France’s third-largest mobile operator, was looking for a buyer as profitability and cash generation declined.