The respective owners of the chip joint venture ST-Ericsson are considering giving up their search for a buyer, according to a report on Bloomberg. Earlier this week current ST-Ericsson CEO Didier Lamouche announced he would be stepping down at the end of the month. (See Euronews: ST-Ericsson CEO Resigns.)
Telefónica has begun talks with its labor unions over a range of cost-cutting measures, reports Reuters. Measures being mooted include reductions in summer and Christmas bonus payments and a scrapping of weekend overtime rates. With the current high unemployment rate in Spain, it will be tough for the unions to fight their corner. (See Telefonica Restructures, Creates New Units and Euronews: Layoff Costs Tear Into Telefonica's Q3.)
Ericsson has landed a five-year managed services contract with Atlantique Telecom,which is part of the Middle Eastern Etisalat Group and runs operations in western and central Africa. The contract covers network operations, field maintenance, network optimization and spare parts management. (See Ericsson Lands Services Deal in Africa.)
About 40 percent of enterprises in France, Germany, the Netherlands and the U.K. are dissatisfied with their connectivity supplier. That's the main conclusion drawn from a survey, commissioned by Ciena Corp., of 400 IT decision-makers in those four major European markets.
On Tuesday Euronews reported that Autonomy Corp. was to be investigated by the U.K.'s Serious Fraud Office (SFO) for alleged over-valuing of itself prior to acquisition by Hewlett-Packard Co. Today the Daily Telegraph reports that that probe could be in doubt as the SFO itself uses an Autonomy product, Introspect, as a document management tool. Funny old world. (See HP/Autonomy: Nothing to Get Excited About.)
BT Group plc has extended its promise of fiber-based broadband to 95 percent of homes and businesses in the outlying U.K. region of Cornwall under the part state-funded Superfast Cornwall program. Initially the aim had been to reach 80 percent of premises there with fiber. (See Cornwall to Get Superfast Broadband Early.)
— Paul Rainford, Assistant Editor, Europe, Light Reading
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