EoW January 2014

27 / 108

News
Corporate
January 2014 25
Nexans jobs cut
Nexans has revealed plans to cut
468 jobs and transfer a further
462 positions to cope with weaker
European demand and overcapacity.
Following a 2.9 per cent fall in sales
over the first nine months of 2013,
the company has also cut its full-year
EBITDA and operating margin goals.
“In Europe, a lack of growth,
overcapacity and fierce competition
mean the group needs to consider
measures to address the situation,”
Nexans said in a statement. The
restructuring, which also entails the
creation of 39 new positions, will
primarily concern France, Germany,
Switzerland, Italy and Belgium.
Chief financial officer Nicolas Badre
announced that in France, where
Nexans employs around 3,300 people,
206 jobs will be cut and 87 positions
transferred. Nexans employs 25,000
people worldwide, including 14,700 in
Europe.
Nexans – France
Website:
Russian telecommunications company MegaFon has launched a terrestrial fibre optic
cable route connecting Europe and Asia.
Built in partnership with Kazakhtelecom and Interoute, the Diverse Route for European
and Asian Markets (DREAM) extends 8,700km from Frankfurt to Kazakhstan’s border
with China.
It passes along a route, partly selected for low seismic activity, through Austria, Russia,
Slovakia and Ukraine.
“International telecom operators will be able to utilise the safest and most optimal
route to organise the transfer of data for their clients, as well as increase the reliability of
their networks,” said MegaFon CEO Ivan Tavrin, in a statement.
“Every year the volume of traffic sent from Europe to Asia, along with the demand for
the capacity of communication channels, is steadily growing. Therefore, we view this
project as both significant and promising for MegaFon’s business.”
At launch, DREAM is offering access to 10Gbps dense wavelength division multiplexing
channels. The entire cable system has a potential maximum capacity of 8Tbps.
“Terrestrial routes like DREAM are the ideal solution for the development of high speed
circuits between these two parts of the world,” said Renzo Ravaglia, executive vice
president of Interoute’s service provider business.
“The new path, from our point of view, will be an alternative solution to existing
transcontinental systems and will meet high demand on the market.”
MegaFon – Russia
Website:
Russian link to Europe and Asia