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Euronews: Oct. 29

Paul Rainford
10/29/2010

Belgacom SA (Euronext: BELG), Telenet , and Tieto Corp. are carving their corporate pumpkins in today's frankly non-scary Euro telecom news bites.

  • To kick off, two from Belgium: Incumbent operator Belgacom is in confident mood following slightly better-than-expected third-quarter results, while rival Telenet saw its share price rise 6.2 percent on its third-quarter results, with packages of voice, data and TV helping its numbers too. (See Belgacom Reports Q3 and Telenet Reports 9M.)

  • Finnish IT services and integration expert Tieto Corp. has given its head of Telecom & Media, Willem Hendrickx, the additional role of head of Tieto International. The move comes as the integrator reports its third-quarter financials, which show net sales from its telecom-related operations remaining flat. (See Tieto Appoints, Reports Q3.)

  • Dutch cable maker Draka Holding NV (Amsterdam: DRAK.AS) has rejected a takeover bid worth €15 (US$20.70) a share from French rival Nexans . (See Draka Rejects Nexans Offer.)

  • Poland's government has been told by the European Commission that it must amend its legislation so it falls into line with EU telecom competition rules, reports IEWY News. The wrist-slap relates in particular to wholesale pricing.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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