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Euronews: Vodafone Ups UK Capex by 50%

Also in today's EMEA roundup: Telefónica looks at sale of Irish unit; Nokia's tax downer in India; NSN to close Calcutta plant

Paul Rainford

June 3, 2013

1 Min Read
Euronews: Vodafone Ups UK Capex by 50%

Vodafone Group plc, Telefónica SA, Nokia Corp. and Nokia Siemens Networks start the week in today's trawl through the EMEA headlines.

  • Vodafone is to boost its U.K. capex spend in the current financial year by 50 percent to £900 million (US$1.37 billion), reports Bloomberg, as it prepares to launch 4G services later this year. (See Euronews: Vodafone Delays UK 4G Launch.)

  • Debt-laden Telefónica is considering a sale of its Irish unit, O2 Ireland, potentially raising €700 million ($911 million), according to a Financial Times report (subscription required) citing unnamed sources. (See Euronews: Telefónica Raises $500M in Asset Sale.)

  • Nokia has lost its appeal against a $370 million tax demand served on it by the Indian authorities in March, reports Reuters. In a statement, the handsets giant said that it would "examine all options open to it," which might not take long.

  • Still in India, Reuters reports that Nokia Siemens Networks is closing one of its factories there, leading to the loss of around 50 jobs. The plant, in Calcutta, makes fixed-line equipment and was described as "unprofitable" by an NSN spokesperson.

  • The news that European Union officials are going to investigate Apple Inc.'s relationship with mobile operators, and particularly the way in which Apple seeks to control how its iPhone is sold, has been rapturously received by U.K. operators, according to a report in the Daily Telegraph. "Nobody would ever say this in public, but privately, this investigation is an absolute delight," said an excited but coy source.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

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