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Euronews: Oct. 18

KPN Telecom NV (NYSE: KPN), BT Group plc (NYSE: BT; London: BTA), and Magyar Telekom plc are hogging the headlines in today's roundup of Euro telecom news nuggets

  • Dutch incumbent KPN has announced that Eelco Blok, who has been with the carrier for 22 years, is to be appointed its new CEO. The appointment takes effect on April 6 2011, from which date current CEO Ad Scheepbouwer steps aside. (See KPN Makes Blok Head.)

  • BT revealed it has signed a deal confirming that its UK government contracts will "remain in place," though no comment was made on whether the value of those contracts will be scaled down, or by how much. BT tells Light Reading that it can't break down the details of any individual contracts, and that it can "only repeat the statement that the contracts remain in place." (See BT Updates on Gov't Contracts.)

  • PeerTV, which has developed middleware and applications that enable over-the-top IPTV services, is preparing to float on London’s Alternative Investment Market (AIM) to raise £6 million (US$9.5 million) in growth funds. (See PeerTV Announces IPO Plan.)

  • The Hungarian government could well vote today on the so-called "Robin Hood tax" that the ruling Fidesz party wants to impose on the country's telecom, energy, and retail sectors, reports Reuters. Magyar Telecom, a Deutsche Telekom AG (NYSE: DT) unit and the dominant operator in Hungary, is none-too-happy about it, as it reckons it will have to stump up around half of all the telecom tax demanded. (See Euronews: August 13.)

    Elsewhere in Europe:



    — Paul Rainford, Assistant Editor, Europe, Light Reading

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