Also in today's EMEA regional roundup: Huawei struts its Euro stuff at Davos; UK mobile operators grumble about text-tapping; Telefónica tightens startup focus.
The latest set of results from Nokia Corp. (NYSE: NOK) might provide encouragement in some areas of its operations but the numbers from its "discontinued operations" -- in other words, the handsets business it is selling to Microsoft Corp. (Nasdaq: MSFT) -- only serve to underline how much of a job Microsoft has on its hands with its imminent acquisition. Fourth-quarter net sales under the "discontinued operations" heading fell by 29% year-on-year to €2.6 billion (US$3.5 billion), a slump attributed primarily to lower sales of smartphones, which, says Nokia in its results commentary, "were affected by competitive industry dynamics including the strong momentum of competing smartphone platforms." Overall, fourth-quarter net sales of Nokia's continuing operations -- Nokia Networks , HERE, and Advanced Technologies -- fell 21% year-on-year to €3.4 billion ($4.6 billion).
Huawei Technologies Co. Ltd. has been using the World Economic Forum in Davos as a stage to reveal its level of procurement from Europe in 2013. According to the vendor, in the course of last year it procured $3.4 billion worth of components, engineering services, and logistical services from Europe. And the good news for those on the receiving end of all this procurement is that Huawei expects it to keep on growing for the foreseeable future. (See Huawei Procured $3.4B in Europe in 2013.)
Back in Davos, Telefónica SA (NYSE: TEF) has been buffing up its forward-thinking credentials (ooh stop, it tickles!) by announcing its involvement in two initiatives aimed at narrowing the cultural divide between universities, startups, and multinationals. The first, the European Digital Forum, is described as a "digital economy think tank" that is intended to drive joint projects in the area of digital innovation; the second, the Startup Europe Partnership, is an extension of the European Commission's Startup Europe initiative. Telefónica has been devoting a lot of attention to the potential of startups, not least through its Wayra "incubator." (See Telefónica Supports Digital Europe and Inside Telefonica's Startup Incubator.)
Equinix Inc. (Nasdaq: EQIX) is to build its sixth London-area datacenter in Slough, a few miles west of the capital. The LD6 datacenter will provide total capacity of approximately 8,000 square meters, with the first phase due to open in the first half of 2015. For more details, see this press release.
UK regulator Ofcom has issued new guidance that effectively allows consumers and small businesses to exit landline, mobile, or broadband contracts without penalty if their provider increases the cost of their service mid-contract. Customers are also to be given at least one month's notice of any imminent price rises. More details are here.
And finally: It's possibly the most significant cultural event involving space an' that since I Lost My Heart to a Starship Trooper stormed the UK charts back in 1979. Those groovy fellers at GÉANT , the pan-European data network serving around 50 million research and education users, have transformed 36 years of NASA Voyager data into a musical duet. Why didn't we think of that? To have a listen, crank up your volume to 11 and click here.
Kruz, User Rank: Light Sabre 1/23/2014 | 5:03:05 PM
Re: Nokia The device doesn't technically belong to MSFT, yet. This is before the MSFT era at Nokia when Nokia folks where trying the Android OS. MSFT might still stop Nokia from showcasing it at the event as the Windows 8.1 is planned to be talk of Nokia.
But I would really love to see that phone; many fantasized for years having the best HW coupled with a great and mature OS. Normandy, if it sees the light, might be used at the new Nokia along with Jolla.
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