A throng of Scandinavian telecom players have unveiled their latest financials, with mixed results, plus Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) in Spain, Apple Inc. (Nasdaq: AAPL) bites and more in today's tidy smorgasboard of Euro nibbles.
Swedish metro transport infrastructure specialist Transmode Systems AB continued on its steady growth path with its second-quarter financials, the first since its IPO in late May. The company reported revenues of SEK 215.6 million ($33.3 million), up 16.7 percent compared with a year earlier. (See Transmode Reports Q2 and Transmode Sticks to Growth Path.)
Comptel Corp. (Nasdaq, Helsinki: CTL1V), the Finnish Service Provider Information Technology (SPIT) vendor, saw its half-yearly operating profit slip back to €1 million ($1.4 million), down from €4 million ($5.6 million) year-on-year. The company performed well in Africa and the Middle East, but back in Europe it was a different story, with a restructuring of operations taking some of the blame.
Get a move on! The European Commission is beginning legal action against 20 European Union member states which, it claims, have still not implemented EC telecoms rules in full, despite the May 25 deadline. Naughty! (See EC Acts Against Rulebreakers.)