Euronews: Ericsson Appoints New EVP
Ericsson AB (Nasdaq: ERIC), Belgacom SA (Euronext: BELG)
and Deutsche Telekom AG (NYSE: DT) liven up an otherwise quiet Friday in the roller-coaster world of EMEA telecom.
A day after the announcement that Sony Corp. (NYSE: SNE) is buying Ericsson out of its share of the Sony Ericsson Mobile Communications handsets joint venture comes news that the Swedish vendor has appointed Magnus Mandersson executive vice president as of Nov. 1. Mandersson, who has been with Ericsson since 2004, is currently senior vice president and head of Global Services, a position he will retain. (See Ericsson Appoints Mandersson EVP and Euronews: Sony Buys Ericsson Out of Handsets.)
Belgian incumbent Belgacom reports revenue down 2.7 percent year-on-year in its third-quarter financials, though the operator points out that its mobile and TV strands are performing respectably, despite, in the latter's case, the loss of football broadcasting rights for top matches. Uppermost in Belgacom bosses' minds' now will be the upcoming Long Term Evolution (LTE) auction. (See Belgacom Posts €472M Profit in Q3 and Brussels Sprouts LTE Auction Plans .)
Deutsche Telekom's Croatian subsidiary, T-Hrvatski Telekom , is also up against it, recording a year-on-year 3.6 percent drop in revenue to €822 million (US$1.1 billion) in the nine months to Sept. 30. (See T-Hrvatski Telekom Reports 9M €200M Net Profit and T-Hrvatski Telekom Reports H1.)
And finally: As the shelves of supermarkets throughout Europe begin to bow under the strain of premature Christmas tat, the BBC reports that Facebook has announced plans to build a data center in Lapland, home of the beardy bloke with the sack. The bracing temperatures of Lulea, in the Swedish bit of Lapland, apparently make it ideal for cooling the servers of the social-networking behemoth.
— Paul Rainford, Assistant Editor, Europe, Light Reading