Feeds

Microsoft to invest in Portugal Telecom

Little escudos for TV Cabo

  • alert
  • submit to reddit

Build a business case: developing custom apps

Microsoft will invest $38.6 million to get 2.5% of TV Cabo, Portugal Telecom's cable and satellite TV services company, as part of a plan to introduce broadband Internet services later this year. Michael Lacombe, president of Microsoft Europe, grandly announced that this is part of Microsoft's "commitment to the development and delivery of broadband and wireless technologies and services to customers around theEuropean region". So what does it all mean then? Microsoft has an obscene amount of cash, so it is always hungry for investments, for a start. At first, it is surprising that such a small stake should have been taken, but perhaps it was enough to ensure that in a secret part of the deal, Microsoft will be able to insist that Windows is used everywhere. Of course the citizens of the UK, Germany and the Netherlands, who are big net contributors to the European budget, are significantly subsidising the likes of Portugal, so if there is any decent budgetary reform, Portugal may find some of its grand infrastructure projects a bit short of funds. The French-dominated Microsoft European HQ is of course keen to see other people's cash splashed around smaller European countries — a kind of largesse for which French taxpayers do not have to pay. That way, new "customers" for Microsoft software are generated. This deal increases the likelihood that Microsoft will try to acquire Westminster Cable, BT's remaining cable investment that it has been told to divest by the bossy (and corrupt, we now know) European Commission. Citizens in the area covered are unable to get the benefit of better prices from their cable company at present, because BT can only discount for all subscribers. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.