Chief tech correspondent, Europe, Mideast & Africa, Frankfurt
Eric's Feed
Jul 21, 2015

German car makers close to clinching Nokia maps deal for 2.5-3 bln euros -sources

FRANKFURT/BERLIN, July 21 (Reuters) – Germany’s premium car
makers are close to a deal to buy Nokia’s HERE map
business for between 2.5 billion and 3 billion euros ($2.74
billion to $3.29 billion), but a final agreement hinges on the
question of who owns the patents which help self-driving cars
talk to mobile networks, two sources familiar with the deal told
Reuters on Tuesday.

The purchase of HERE, which has been valued at between 2
billion and 4 billion euros, could also require multi-year
pledges to make further investments to improve map data quality.
The deal is expected to be finalised by the end of July, if the
two sides can settle the intellectual property issues, the two
sources familiar with the transaction said.

Jul 17, 2015

Ericsson profit beats forecast as U.S. sales stabilise

STOCKHOLM/FRANKFURT, July 17 (Reuters) – Ericsson
, the world’s No.1 mobile network equipment maker,
beat second-quarter sales and profit forecasts and said its
mainstay North American business had stabilised after three
quarters of declines, lifting its shares as much as 6 percent.

Mobile operators in North America, which accounts for about
a quarter of Ericsson’s turnover, have largely finished building
out the latest 4G networks, meaning suppliers are having to
focus on upgrading congested parts of existing networks there.

Jul 16, 2015

Qualcomm faces EU antitrust probes over tactics to block rivals

BRUSSELS/FRANKFURT (Reuters) – European Union antitrust regulators are investigating whether one of the world’s biggest chipmakers, Qualcomm, uses illegal tactics to shut out rivals, six years after slapping a record 1 billion euro ($1.09 billion) fine on Intel for a similar offense.

Qualcomm has been feeling the heat from regulators in Europe, the United States, China, Japan and South Korea in recent years in relation to its licensing model and the power of its patents in mobile networks and communications devices.

Jul 15, 2015

ASML sees 2015 sales ahead of last year’s 5.86 billion euros

FRANKFURT (Reuters) – ASML Holding, the world’s second largest maker of semiconductor production equipment, on Wednesday said its 2015 sales would exceed last year’s 5.86 billion euros ($6.44 billion) after reporting broadly in-line second-quarter results.

ASML’s forecasts are closely watched by investors for clues to how key clients Samsung Electronics, Intel and TSMC are building the next generation of chips for computers, smartphones, auto and industrial products.

Jul 14, 2015

Apple Pay launches in Britain as hold-out Barclays signs up

LONDON, July 14 (Reuters) – Apple introduced its
mobile payments service to Britain on Tuesday as Barclays
confirmed its participation in the U.S. tech giant’s move to
capitalise on the increasing number of consumers who are
comfortable making tap-and-go purchases.

A quarter of a million outlets will offer Apple Pay, from
London Underground stations to coffee shops, retailers and
travel businesses, making it more widely available than when it
first launched in the United States last year.

Jul 14, 2015

Apple Pay launches in Britain, with hiccups

LONDON (Reuters) – Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate.

Starting Tuesday, Apple Pay is set to be available in 250,000 sites, from Tube stations to coffee shops, supermarkets and travel services, making it more widely available than when it was first introduced in the United States nine months ago.

Jul 13, 2015

Rocket Internet sets convertible bond sale in latest fundraising

LONDON (Reuters) – Emerging markets e-commerce investor Rocket Internet (RKET.DE: Quote, Profile, Research, Stock Buzz) plans to sell 550 million euros ($605 million) worth of convertible bonds, in a third round of financing just nine months after its initial public offering.

The Berlin-based company said the offering of senior, unsecured convertible bonds will initially be convertible into around 10.2 million shares of the company’s stock, representing a dilution of about 6.2 percent of Rocket’s outstanding shares.

Jul 6, 2015

Surveillance software maker Hacking Team gets taste of its own medicine

FRANKFURT (Reuters) – Italy’s Hacking Team, which makes surveillance software used by governments to police the web, appeared to be the victim of hacking on a grand scale itself on Monday.

The Milan-based company, which describes itself as a maker of lawful interception software used by police and intelligence services worldwide, has been accused by anti-surveillance campaigners of selling snooping tools to governments with poor human rights records.

Jul 3, 2015

Clear-out underway in online cleaning market

FRANKFURT, July 3 (Reuters) – Booking household cleaning
services online, one of the more cluttered areas of start-up
investment recently, is undergoing a clear-out of its own as two
European market leaders merge, while the U.S. pioneer in the
field appears to be in retreat.

Germany’s Helpling said on Friday it had acquired Britain’s to boost its early international lead in the market
for busy urban professionals who increasingly go online to book
service providers such as home cleaners.

Jul 1, 2015

Global Fashion raises 150 million euros, valuing it at 3.1 billion euros

FRANKFURT (Reuters) – Global Fashion Group, the e-commerce firm backed by Kinnevik and Rocket Internet, has raised 150 million euros ($166.52 million) in funding, valuing the possible stock market flotation candidate at 3.1 billion euros ($3.45 billion).

The financing round in Global Fashion Group, or GFG, was led by Swedish investor Kinnevik and Germany’s Rocket Internet, each of which will have slightly reduced ownership stakes as a result of increased investments by other, unnamed parties.

    • About Eric

      "Eric Auchard is chief technology correspondent for Reuters in Europe, the Middle East and Africa, based in Frankfurt. He has worked in San Francisco, New York, Washington D.C., London and Vienna during a 22-year career with Reuters as reporter, columnist and editor, covering key developments in semiconductors, software, mobile gadgets, social media and, more recently, payments and cars. Eric traced the highs and lows of the tech industry during the dot-com mania, the crash that followed and its subsequent resurrection, reporting from more than 30 countries as Reuters global technology correspondent. He grew up in Silicon Valley, long before it ..."
      Joined Reuters:
    • More from Eric

    • Contact Eric

    • Follow Eric