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Euronews: Jan. 27

Nokia Corp. (NYSE: NOK), Sky , Level 3 Communications Inc. (NYSE: LVLT), Orange UK and T-Mobile (UK) are doin' the do in today's roundup of Euro telecom news headlines.

  • Nokia has reported a 6 percent increase in fourth-quarter revenues to €12.65 billion (US$17.37 billion), but a 21 percent drop in net income to €742 million ($1.02 billion), though that's not as bad as financial analysts were expecting. (See Nokia Reports Q4 and Nokia's Q4 Shrinkage.)

  • BSkyB, the U.K. pay-TV and broadband provider, may be in the news for some of the wrong reasons at the moment, but its half-year results show things are moving in the right direction on the financials front. Half-year revenue grew 15 percent year-on-year, from £2.77 billion ($4.40 billion) to £3.18 billion ($5.05 billion), while operating profit rose 26 percent to £520 million ($826.5 million) during the same period. Broadband and telephony both performed well, with almost one in four of BSkyB's customers now taking a triple-play bundle. At the same time as trumpeting its figures, the company also announced that it had bought public Wi-Fi operator The Cloud , an acquisition that gives BSkyB more than 5,000 public Wi-Fi hotspots across the U.K. (See BSkyB Reports Interims, Buys The Cloud and Euronews: Jan. 14.)

  • Level 3 is boosting its services portfolio across The Pond by launching Dedicated Internet Access (DIA) and VPN services in several European markets, including France, Germany and the U.K. (See Level 3 Offers VPNs in Europe and Level 3 Adds Euro Routes.)

  • EE , the joint venture between T-Mobile and Orange, is planning to roll out what it says is the U.K.’s first commercial contactless mobile-payments service, in collaboration with Barclaycard. More than 40,000 stores are primed to take part in the scheme, which is expected to be up and running by early summer. (See Gemalto, Orange Team on NFC.)

  • French Service Provider Information Technology (SPIT) vendor InfoVista SA , which generates almost 70 percent of its revenues from service-provider customers, ended 2010 on a high note. The performance management software specialist reported a 12 percent year-on-year increase in revenues to €12 million (US$16.4 million) for its fiscal second quarter that ended Dec. 31, thanks to "a good mixture of emerging market revenues and large repeat orders from service-provider customers in mature countries" in the EMEA region. (See InfoVista Reports Fiscal Q2.)

  • More jobs gloom for the U.K. as alternative operator TalkTalk announces plans to lose 580 from its workforce across sites in the north of England, reports the BBC. According to the company, which has come in for fierce criticism for the quality of its customer service, the jobs cuts are a result of a number of acquisitions having created "a level of duplication," according to Chief Executive Dido Harding. (See Ofcom Warns TalkTalk, Tiscali and ISPs Shamed by UK Broadband Speed Tests.) — Paul Rainford, Assistant Editor, Europe, Light Reading

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