(Bloomberg) — Facebook Inc. was accused of Big Brother-style snooping on internet users in a fresh attack on the social network by Belgium’s data privacy watchdog.
The regulator sought a court order on Thursday forcing Facebook to stop any collection of data for advertising purposes and the provision of “misleading” information to users, under the threat of a 250,000 euro ($296,000) daily penalty. The company said it disagreed with the allegations.
Trending: Court Orders DreamHost to Identify Anti-Trump Site Subscribers
“What Facebook is doing is unprecedented in monitoring the browsing habits” of millions of people in Belgium, regardless of whether they are signed up to the service, Ruben Roex, a lawyer for the regulator who works at law firm Time.Lex, told a Brussels court. “Facebook systematically collects data without any action by the user, which users didn’t consent to, or which wasn’t clarified to the users.”
Facebook has been a target for Belgium’s data protection commission since at least 2015, when a court ordered it to stop storing non-users’ personal data. While the U.S. tech giant won on appeal last year, Thursday’s hearing is the first in a European court to go to the heart of the company’s use of technology deemed to be essential to its proper functioning.
‘Like Button’
The operator of the world’s largest social network uses technological means, such as cookies, pixels or so-called plug-ins underpinning its iconic

 

(Bloomberg) — Interoute Communications Ltd, a pan-European fiber carrier and cloud-services operator controlled by the Sandoz Family Foundation, has hired financial advisers to evaluate a sale, according to people with knowledge of the matter.
Interoute is working with Credit Suisse and Evercore Inc. to explore a deal dubbed “Project Nitro,” said the people, asking not to be identified because the talks are private. The London-based company could be valued in a range of seven to 10 times earnings before interest, tax, depreciation and amortization, or as much as 1.65 billion euros ($1.95 billion), the people said.
The company owns and operates one of the largest independent European grids with 72,400 fiber-route kilometers spanning 29 countries, according to a document viewed by Bloomberg News.
Representatives for Interoute, Credit Suisse and Evercore declined to comment.
Interoute, whose clients include BT Group Plc, Vodafone Group Plc and AT&T Inc., reported 2016 revenue of 727 million euros and Ebitda of 147 million euros. The company had Ebitda of 165 million euros for the 12 months ending in the second quarter.
The Sandoz Family Foundation owns 70 percent of Interoute, while Aleph Capital and Crestview Partners together own 30 percent. In 2015 Interoute completed the acquisition of U.K. phone carrier Easynet Ltd, its largest purchase to date, adding revenue of about 240 million euros.

 

(Bloomberg) — Interoute Communications Ltd, a pan-European fiber carrier and cloud-services operator controlled by the Sandoz Family Foundation, has hired financial advisers to evaluate a sale, according to people with knowledge of the matter.
Interoute is working with Credit Suisse and Evercore Inc. to explore a deal dubbed “Project Nitro,” said the people, asking not to be identified because the talks are private. The London-based company could be valued in a range of seven to 10 times earnings before interest, tax, depreciation and amortization, or as much as 1.65 billion euros ($1.95 billion), the people said.
The company owns and operates one of the largest independent European grids with 72,400 fiber-route kilometers spanning 29 countries, according to a document viewed by Bloomberg News.
Representatives for Interoute, Credit Suisse and Evercore declined to comment.
Interoute, whose clients include BT Group Plc, Vodafone Group Plc and AT&T Inc., reported 2016 revenue of 727 million euros and Ebitda of 147 million euros. The company had Ebitda of 165 million euros for the 12 months ending in the second quarter.
The Sandoz Family Foundation owns 70 percent of Interoute, while Aleph Capital and Crestview Partners together own 30 percent. In 2015 Interoute completed the acquisition of U.K. phone carrier Easynet Ltd, its largest purchase to date, adding revenue of about 240 million euros.

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