Euronews: July 21

8:55 AM -- Telefónica SA (NYSE: TEF), Vodafone Germany , Ericsson AB (Nasdaq: ERIC), and Huawei Technologies Co. Ltd. all feature in today's European telecom news roundup.

  • Telefónica continues to make news in Euroland: Today it announced a bold step to outsource the management of its pre-paid billing systems to Ericsson and Spanish IT services firm Indra Sistemas SA . (See Telefónica Outsources Pre-Paid Billing.)

    The Spanish giant, whose CEO is one of our Top 10 Movers & Shakers, has been busy during the past week. (See Euronews: July 20, Euronews: July 19, TEF's VoIP Revolution, and Telefónica Preps Femto Launch .)

  • As well as cozying up to Telefónica, Ericsson is also getting busy with Vodafone Germany. Along with rival Huawei Technologies Co. Ltd. , it's going to upgrade the mobile operator's network to Long Term Evolution (LTE). (See Ericsson, Huawei Land Vodafone LTE Gig.)

  • Dodgy antenna? Who cares! European shares were expected to rally on the back of Apple Inc. (Nasdaq: AAPL)'s third-quarter results, which exceeded analysts' wildest dreams, Reuters reports. (See Apple Sells Over 3M iPads, Nets 78% Profit Jump.)

  • Asia/Pacific is proving fruitful for Norwegian operator Telenor Group (Nasdaq: TELN), which reported year-on-year organic revenue growth of 5 percent in its second-quarter results. (See Telenor Reports Q2.)

  • Pan-European operator Colt Technology Services Group Ltd has gained further traction in the financial sector, having been chosen by NYSE Technologies to provide customer connectivity to the new NYSE Euronext European Liquidity Centre, which is located close to London. (See Colt Wins NYSE Euronext Deal.)

    — Paul Rainford, freelance editor, special to Light Reading

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