Deutsche Telekom AG (NYSE: DT) feels the heat, Nokia Corp. (NYSE: NOK) does NFC and Britain is branded a nation of smartphone addicts in today's regional roundup.
Deutsche Telekom continued to feel the full force of the economic pressures in Europe and fierce competition in the U.S. during the second quarter as it reported a decline in revenues and profits, a similar story to the first three months of the year. Group revenues of €14.48 billion (US$20.6 billion) were down 6.8 percent compared with a year ago, while net profit fell 26.7 percent to €348 million ($495 million). (See Brutal Q2 for Deutsche Telekom and Deutsche Telekom Reports Q2.)
Nokia is busy striking deals with various U.K. companies allowing them to get involved in advertising that carries embedded NFC tags, reports Bloomberg. Those lucky people with NFC-equipped phones will be able -- should the mood take them -- to tap them on embedded tags featured on, say, a poster or sticker to download a Web page or business card details. (See Here Come the NFC Phones.)
Vince Cable, the U.K. government's business secretary, has dashed the hopes of many and varied content providers by abandoning plans to introduce a law that would block access to illegal file-sharing websites, reports The Guardian. Cable's consultation paper also proposes making it legal for people to make copies of CDs and other media for purely personal use.
U.K. telecom regulator Ofcom has published a report showing, so it says, that Britain has become a nation of smartphone addicts, interrupting mealtimes and ablutions to send or receive another voice call, text, email, tweet or whatever. And it's not just the teenagers: 37 percent of adults are "highly addicted" to them, says the report. More than a quarter of adults and almost half of all teenagers now own a smartphone in the U.K. (See Ofcom: UK 'Addicted' to Smartphones.)