Telecom Italia recorded a hefty full-year loss of €1.6 billion (US$2 billion) in 2012, though it was considerably less hefty than its loss the previous year -- €4.8 billion ($6.2 billion). A goodwill writedown relating to the purchase of Olivetti in 1999 was partly blamed for the loss, though the state of the telecom market in southern Europe obviously didn't help.
Doing rather better is Telecom Egypt, the landline monopoly. It reported fourth-quarter net profits of 452 million Egyptian pounds ($66.91 million) and full year net profits of 2.61 billion Egyptian pounds ($386 million).
Ballooning bids have led to the suspension of the 4G spectrum auction in the Czech Republic, reports Reuters.
VIPnet, Telekom Austria AG's Croatian subsidiary, has acquired satellite TV operator Digi TV for an undisclosed sum. The deal enables VIPnet to add digital satellite TV services to its existing range of fixed and mobile communications and video services, which already includes cable TV.
Mobile phone operators are among the organizations that people trust least with their personal data, according to the results of a survey of 2,000 people in the U.K. commissioned by Avaya Inc. and its contact center partner Sabio.
Zut alors! Residents of and visitors to the village of St Margaret-at-Cliffe at the foot of the U.K.'s iconic white cliffs of Dover have been disgruntled to find they are being charged for using the mobile networks of France -- which is only 18 miles away, across the English Channel -- rather than their domestic one. The Guardian reports that the landlord of the local pub put it thusly: "We are a little telecommunications enclave of France here."
— Paul Rainford, Assistant Editor, Europe, Light Reading