Euronews: April 7

Nokia Corp. (NYSE: NOK), High Tech Computer Corp. (HTC) (Taiwan: 2498), Polkomtel SA and Cable & Wireless Worldwide plc (London: CW) are in the mix for today's roundup of Euro telecom news.

  • Nokia has been overtaken by handset rival HTC in terms of market value, reports Bloomberg. The Taiwan-based company's shares gained 5.3 percent in Taipei trading on Wednesday, taking its market value to $33.8 billion, compared to Nokia's $33.6 billion. (See Nokia: How Microsoft Deal Could Fail and Nokia Unveils Major Revamp.)

  • Also on Bloomberg is news that the number of bidders for Polish mobile operator Polkomtel has dropped from seven to five -- though Sweden's Telia Company is still in the race. (See Research Rewind: Feb. 25 and Euronews: Feb. 7.)

  • Oops! A 75-year-old woman in Georgia (as in former Soviet bloc, not Deep South) put paid to virtually all of neighboring Armenia's Internet access as she went digging near Tbilisi for copper to sell as scrap, reports The Guardian. Her spade apparently sliced through an underground fiber-optic cable, leaving would-be Internet users across large swathes of Eurasia staring at blank screens for up to five hours. The aged prospector may now be facing jail, which is not really the humorous punchline Euronews was hoping for.

  • Cable & Wireless Worldwide and Virgin Media Business Ltd. are the first companies to announce their accreditation to underpin delivery of the U.K. government's Public Sector Network (PSN) services, which essentially qualifies them to bid for major government contracts. (See C&W Worldwide Eyes Govnt Deal, Virgin Media Gets PSN Green Light and C&W Worldwide Retains Gov't Deals.)

    Elsewhere in Europe:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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