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Euronews: NSN Looks to Raise €700M

Paul Rainford
1/21/2013
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Nokia Siemens Networks, Telefónica SA and Nokia Corp. rule the roost in today's EMEA news coop.

  • Nokia Siemens Networks is aiming to raise around €700 million (US$931 million) on the bonds market, according to a report in the Financial Times (subscription required). The vendor plans to use the money to pay down bank debt and to fund future investments. (See Euronews: NSN Gives Nokia a Lift and NSN Unveils Its Kill List.)
  • There's January gloom a-plenty at Telefónica Czech Republic A.S., which plans to cut up to 10 percent of its workforce this year as it struggles with fierce competition, reports Reuters. The operator's revenue dropped by 3.8 percent in the third quarter of 2012.
  • The launch of smartphones from Telefónica running Mozilla's Firefox operating system is moving a step closer with a series of developer events, or "Meetups," in major European cities over the coming days, as Spanish newspaper Cinco Dias reports. (See 5 Challengers to Apple & Android and An Alternative to iOS & Android?)
  • "I'll have a pink one in the shape of a banana, please." Nokia is releasing design files that will allow owners of its Lumia smartphone to "print" their own customized cases for the handset, reports the BBC. That's assuming the Lumia owner has easy access to a top-of-the-range 3-D printer, of course. — Paul Rainford, Assistant Editor, Europe, Light Reading

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