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Euronews: April 27

Nokia Corp. (NYSE: NOK) and Ericsson AB (Nasdaq: ERIC) are making waves, and big ones at that, in today's roundup of telecom news from the EMEA region.

  • It's a far from happy Easter for around 7,000 Nokia employees, who woke to find they are either going to be either made redundant or be "transitioned" to consultancy Accenture as part of the strategy to focus on the Windows Phone platform rather than Nokia's home-grown Symbian. Of the 4,000 actual job cuts, around 1,400 of them will be in Nokia's native Finland, while other substantial lay-offs will take place in Denmark and the U.K. The 3,000 employees being outsourced to Accenture will initially work on Symbian software, but the plan is to "retrain and redeploy" these workers to other, Windows Phone-related areas. (See Nokia Cuts 4,000 Jobs, Sheds Symbian, Nokia Puts Microsoft Strategy Into Action , MWC 2011: How Will Nokia Maintain Market Share? and Nokia Unveils Major Revamp.)

  • In happier Nordic news, Swedish vendor Ericsson revealed a surge in profits in its first-quarter financials, with net income more than tripling compared to the same quarter a year earlier to 4.1 billion Swedish kronor (US$674 million). Strong sales in its network equipment division, fuelled by the growing demand for mobile broadband, were largely responsible for the healthy balance sheet. (See Mobile Data Fuels Ericsson's Q1 , Ericsson Reports Q1, Ericsson's M2M Ambitions and Ericsson Preps for India's Services Boom.)

  • Telecom Egypt CEO Tarek Tantawy is stepping down for personal reasons, reports Reuters. Tantawy had first tendered his resignation about a year ago. (See Pyramid: Egypt's Instability Threatens Telecom Development and Egypt Unplugs From the Internet.)

  • The Daily Telegraph confirms what Euronews found out for itself late Tuesday night: The official London 2012 Olympics tickets website failed to cope with a last-minute surge in applications from sports fans desperate to register their interest for tickets before the midnight deadline struck. In view of the technical hitch, the powers-that-be extended the deadline to 1 a.m., a move that didn't help Euronews, which is resigned to watching the Olympics on a square, standard-definition box in the corner of its richly appointed bachelor pad.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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