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Euronews: Ex-Nokia Chief's €8M Paycheck

Nokia Corp. (NYSE: NOK), Telekomunikacja Polska SA and PacketFront AB are in pole position for today's race through the EMEA telecom headlines.

  • That would have cushioned the blow: Finnish tax returns reveal that Olli-Pekka Kallasvuo, the former CEO of Nokia, was paid around €8 million (US$10.94 million) in 2010, reports Finnish website YLE. Not bad for a CEO who lost the confidence of his investors and was then replaced by Stephen Elop, the former Microsoft man. (See Nokia Dumps CEO, Hires Elop.)

  • Warsaw Business Journal reports that Polish operator TPSA and French conglomerate Vivendi are in talks about possibly linking up to buy a 56 percent stake in media company TVN S.A.

  • PacketFront, the Swedish access equipment vendor, has established a Service Provider Information Technology (SPIT) unit, PacketFront Software Solutions, in a bid to capture new market segments in Europe and the Middle East with its broadband provisioning software. (See PacketFront Creates SPIT Unit.)

  • UAE operator Emirates Integrated Telecommunications Co. (du) has had an impressive third quarter, posting net profits up 50 percent year-on-year at 489 million Emirati dirham ($133 million), with mobile data revenue providing the main impetus. (See Du Posts AED489M Profit in Q3.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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