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EUROPEAN TECH WIRE - Dec. 17, 2004
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To Subscribe: http://www.europeantechwire.com
o 3i Director: U.K. Second-Best Place in World for Start-Ups
o Advent Venture Partners Announces First Closing of New Fund
o France-Based Thomson Acquires The Moving Picture Company
o European Mobile Operators Must Change Pricing, Report Says
o Freenet.de to Buy Strato from Teles for 132 Million Euro
o EU OKs Slovak Telecom Purchase of EuroTel Mobile Unit
o Briefly Noted: Worldwide Incubator Network, Ian Burnett-HALCA
Mini-Fab Development, Cendant-Gulliver Travel Associates-Octopus
Travel.com, Aphton-Ingeneon
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o 3i Director: U.K. Second-Best Place in World for Start-Ups
London -- According to Rod Perry, executive director of U.K.-based
venture capital giant 3i Group, the U.K. is the second-best country in
the world after the U.S. for start-up firms. 3i Group is one of the largest
VC firms in the world, boasting an investment fund of about £7 billion
(10.2 billion euro) spread across more than 400 technology companies
worldwide. "The big advantage in the U.K. has been the change
towards becoming more entrepreneurial, which happened especially
after the Thatcher years," Perry said in an interview with Computing
Magazine. "Various government schemes have boosted the U.K.'s
standing as a centre for start-ups, such as Chancellor Gordon Brown's
£2.5-billion investment in science and technology." Perry also cited the
introduction of the Sarbanes Oxley Act in the U.S. and the relative
flexibility of the U.K. labour market compared to the rest of Europe as
additional reasons why Cambridge, England, is becoming the new
Silicon Valley.
http://www.computing.co.uk/analysis/1160083
http://www.3i.com/
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o Advent Venture Partners Announces First Closing of New Fund
London -- Advent Venture Partners, a U.K.-based venture capital firm
that focuses on the IT, communications technology and life sciences
sectors, announced this week that it has completed the first closing of
its latest fund. With total commitments of £128 million (186 million
euro), Advent Private Equity Fund IV's investors include Access
Capital Partners, the European Investment Fund, Pantheon, Westport
Private Equity, Alpinvest Partners and Swiss Re. The target for the
fund is £200 million (291 million euro), Advent said. "We are
particularly pleased to have the continued support of so many of our
existing investors, as well as having the opportunity to welcome new
investors," said Advent Chairman David Cooksey. "We believe that
now is a particularly good time to be investing in European-based
technology companies and that there are excellent opportunities to back
experienced management teams at attractive valuations."
http://www.adventventures.com/html/flash.htm
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o European Mobile Operators Must Change Pricing, Report Says
Paris -- According to a report by market research firm Analysys,
European mobile operators must change their pricing strategies to
"kick-start the lagging mobile content market" for services such as
ringtones, logos, games, music and videos. The report found that the
Western European mobile content market grew much more slowly last
year than predicted, generating just 2.3 billion euro in revenue. "A key
short-term priority is addressing the inadequacy of pricing structures,"
report author Alex Zadvorny said. "The prevailing approaches to
pricing are far too complex and difficult for the customer to
understand." The report recommended that European operators follow
the lead of Japanese operators, or develop affordable flat-rate content
packages similar to those in the satellite TV industry.
http://makeashorterlink.com/?Y1C755D0A
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o Freenet.de to Buy Strato from Teles for 132 Million Euro
Frankfurt -- Freenet.de AG, a Germany-based Internet service provider
(ISP), announced that it has acquired Strato, the web hosting division
of Germany-based Teles AG, for 132 million euro. Under the terms of
the agreement, 80 million euro will be paid in cash and the remainder
with 3.1 million freenet.de shares. Freenet.de said it made the decision
to acquire Strato in order to concentrate on its wireless broadband
Internet access service. Freenet.de said all of Strato's staff and
management, including CEO Rochus Wegener, would be retained.
Separately, freenet.de also announced that it has signed a contract to
take over Talkline ID, a telephony firm based in Bonn, Germany.
Financial terms of the deal, which still must be approved by Germany's
Federal Cartel Office, have not been disclosed.
http://www.heise.de/newsticker/meldung/54149
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o EU OKs Slovak Telecom Purchase of EuroTel Mobile Unit
Brussels -- The European Commission has approved the proposed
acquisition of EuroTel's mobile telephony division by Slovak Telecom,
a Slovakia-based telecommunications operator. "As Slovak Telecom is
the majority shareholder in the target company and already in the
position to determine EuroTel's competitive behaviour to a
considerable extent, the Commission considers that the operation will
not significantly impede effective competition," the EC said in a
statement. With the news, Slovak Telecom will now be able to acquire
the remaining 49% of EuroTel Bratislava that it does not already own
from partner American West, a joint venture between U.S.-based
Verizon Telecommunications and New Cingular Wireless Services.
http://makeashorterlink.com/?Z2A652D0A
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o France-Based Thomson Acquires The Moving Picture Company
Paris -- Thomson, a France-based electronics and media services group,
announced that it has acquired The Moving Picture Company (MPC)
from ITV, a U.K.-based TV broadcaster. Thomson paid 76 million euro
(£52 million) for MPC, which provides visual effects and post-
production services to the motion picture and commercial advertising
industries. "MPC maintains great relationships with the creative
community worldwide, including local U.K. productions, and the
strengths of MPC fit strategically into Thomson's best-of-breed palette
of service offerings to our customers," said Thomson Services Vice
President Danny Raimondo.
http://www.thomson.com/corp/about/ab_home.jsp
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o Briefly Noted:
(Cardiff, Wales) Andrew Davies, the Welsh Minister for Economic
Development and Transport, announced that a new Worldwide
Incubator Network linking Wales-based companies with knowledge-
based start-ups in Scotland and West Coast technology firms in the
U.S. will be operational early next year. "This innovative initiative will
create global opportunities for local companies through international
networks and link like-minded companies across the world, providing
vital access to knowledge and networks for companies and economic
development agencies," he said. Davies said the project would connect
more than 2,000 technology companies currently in business incubators
managed by the Welsh Development Agency, Scottish Enterprise and
the Pacific Incubator Network.
http://makeashorterlink.com/?E62413D0A
(London) Ian Burnett, a director at semiconductor equipment and
materials association JEMI UK, has called on the local chip industry to
collaborate with Europe and develop a version of Japan's mini-fab
computer-chip production technology. "We have an extremely strong
design base, and a lot of that design base is working on products that fit
the low-volume, short lifetime model, (for which mini-fabs are ideal),"
he said in a report for the U.K. Department of Trade and Industry's
GlobalWatch service. Burnett said the so-called HALCA mini-fab --
built at lower cost and with lower operating expense than traditional
fabs -- would better serve the production requirements of most U.K.
chip firms.
http://makeashorterlink.com/?D1C336D0A
(New York) Cendant, a U.S.-based provider of travel and residential
real estate services, announced that it has acquired two U.K.-based
travel services companies, Gulliver Travel Associates and Octopus
Travel.com, for £570 million in cash. OctopusTravel.com is an online
provider of lodging and destination services, selling directly to
consumers as well as through third-party affiliate and primarily low-
cost airlines. The companies source all travel and services inventory
directly from suppliers in 25 countries and operate as a merchandiser of
travel and tourism content for groups and individuals.
http://biz.yahoo.com/prnews/041216/nyth061_1.html
(Miami) Aphton, a U.S.-based biopharmaceutical company, announced
that it has agreed to acquire Ingeneon, an Austria-based drug developer,
for 21.5 million shares of stock, worth an estimated 60 million euro,
Aphton said. Ingeneon is headquartered in Austria and is developing
treatments for cancer. The acquisition is part of Aphton's stated strategy
of expanding its oncology-related business, the company said.
http://www.aphton.com/news_main.asp?PR_ID=105
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