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Euronews: July 26

7:55 AM -- Orange France , BT Group plc (NYSE: BT; London: BTA), and an IPO feature in today's roundup of European telecom news -- and we've also got a bit of a crime thing going on...
  • In France, Orange and broadcaster Canal Plus could be about to put their differences aside as they're in talks over a merger of their rival cinema pay-TV channels, reports Reuters, citing Le Figaro and La Tribune.

  • Across the English Channel, The Independent reports that BT is launching a fresh drive against copper thieves who target the telco's cables, cutting off homes and businesses, and costing the company millions of pounds a year.

  • And while we're on the subject of villains, PC Advisor magazine reports a UK government Home Office initiative to clamp down on mobile phone recycling companies that are knowingly selling stolen handsets. The Home Office estimates that 100,000 stolen UK mobile phones, worth around £4 million (US$6.2 million), are sold to recyclers every year.

  • Dutch wireless chip vendor NXP Semiconductors N.V. (Nasdaq: NXPI), which has just announced second-quarter revenues of US$1.2 billion, is set to raise up to $714 million (before costs) from its upcoming IPO. The company, currently owned by a group of private equity firms, is to offer 34 million shares to investors at a price range of $18 to $21, according to a filing with the Securities and Exchange Commission (SEC) . (See NXP Buys Jennic.)

    — Paul Rainford, freelance editor, special to Light Reading

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