Light Reading

Euronews: Nokia Full-Year Operating Loss Widens

Paul Rainford
1/24/2013
50%
50%

Nokia Corp., Telefónica SA and BSkyB Ltd. are the ones to watch in today's gallop through the EMEA headlines.

  • Nokia's fourth-quarter results show that mobile device unit sales slipped 23 percent year-on-year in the Europe region and and 16 percent in the Middle East & Africa region, with only North America showing an increase, thanks largely to the popularity of the Lumia model. Overall in 2012, Nokia made an operating loss of €2.30 billion (US$3.06 billion), compared to a loss of €1.07 billion ($1.42 billion) in 2011. As part of the earnings report, the company announced that it has decided to suspend its dividend for the first time in its history. Nokia CEO Stephen Elop remains upbeat, however, saying in a statement: "We are very encouraged that our team’s execution against our business strategy has started to translate into financial results. Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012."
  • Telefónica is to appeal against a €79 million (US$105 million) fine imposed on it and Portugal Telecom SGPS SA over alleged collusion relating to Telefónica's acquisition of Portugal Telecom's stake in Vivo Participacoes SA, a Brazilian mobile operator. In a statement, the Spanish giant said: "Telefónica would like to point out that the agreements reached between Telefónica and Portugal Telecom were made public and notified to the relevant authorities at the time, so there was no secret pact or attempt to conceal it."
  • Today sees Finland blowing the starting whistle on its 4G spectrum auction, reports Reuters. The Finnish government hopes to raise around €100 million ($133 million) from the sale.

  • BSkyB, the U.K. satellite broadcaster, has admitted the popularity of its broadband service has put a strain on parts of its network, reports the BBC, with some customers experiencing slower-than-promised downlink speeds. A Sky spokeswoman said: "Following a combination of an underlining increase in network traffic as well as a high rate of new customer additions, we are aware of capacity issues in a small number of exchanges." — Paul Rainford, Assistant Editor, Europe, Light Reading

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