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Eurobites: DT's Hungary Operation Cuts Jobs

Paul Rainford
7/24/2014
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Also in today's EMEA regional roundup: Telefónica doubles down on security; Nokia holds steady in Q2; "right to be forgotten" row continues.

  • Hungary's Magyar Telekom plc , which is part of the Deutsche Telekom AG (NYSE: DT) empire, is to cut up to 1,700 jobs by the end of 2015, reports Reuters. The redundancies program is expected to cost the operator around 12 billion forints (US$52.2 million) in severance payments.

  • Telefónica SA (NYSE: TEF) is demonstrating its commitment to the development of security capabilities with the launch of Sinfonier, which it describes as a "collaborative security working environment." Sinfonier is intended to help developers and researchers share their intelligence on security matters -- the idea, in a nutshell, is that they feed content into the algorithms at the heart of the program and something useful to the security community comes out the other end. (See Telefónica Launches Collaborative Security Community and Security in a 4G, M2M World.)

  • Nokia Corp. (NYSE: NOK)'s share price added more than 7% Thursday morning following the publication of its second-quarter financials, which included an upbeat outlook for the second half of the year at its Networks division, which delivers the vast majority of its revenues and operating profits. The vendor also announced a new 4G LTE contract with Spanish giant Telefónica SA. (See Nokia Holds Steady in Q2, Raises Outlook and Telefónica Hands Spanish 4G Deal to Nokia Networks.)

  • Nokia has appointed Ramzi Haidamus head of its Technologies unit, which deals with technology-licensing matters. Haidamus, who has spent most of his career to date at Dolby Laboratories Inc. (NYSE: DLB), replaces Henry Tirri.

  • Today sees a meeting in Brussels between a group of data commissioners from various European countries and a gaggle of representatives from various search engines, Google (Nasdaq: GOOG), Yahoo Inc. (Nasdaq: YHOO) and Bing among them. As the BBC reports, they are meeting to discuss the implications of the recent "right to be forgotten" ruling, which granted private individuals the right to request certain search results linking to information about them to be removed. (See EC Proposes Reform of Data Privacy Laws.)

  • Telehouse Europe, a European subsidiary of KDDI Corp. , is investing ₤135 million ($230 million) in a new 23,000 square meter data center in London's Docklands. Called North Two, the data center will complement Telehouse's existing Docklands data center, which opened in 1990.

  • BT Group plc (NYSE: BT; London: BTA) and Sky (NYSE, London: SKY) were facing each other in court again Wednesday, reports the Daily Telegraph, as BT continued in its attempt to force BSkyB to allow it to provide Sky Sports channels on its Internet-connected YouView TV service.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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    Kruz
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    Kruz,
    User Rank: Light Sabre
    7/25/2014 | 6:55:53 AM
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