Nokia claimed underlying profitability for the third consecutive quarter in its first-quarter results, but sales of devices, both smart and not-so-smart, continue to head south. Operating profits -- measured under non-IFRS criteria -- reached €181 million (US$236 million), compared with a loss of €258 million ($336 million) for the same period last year. Despite a healthy 27 percent quarter-on-quarter increase in sales of the top-of-the-range Lumia models, sales of smart devices generally were down 49 percent year-on-year at 6.1 million units. The results come as speculation intensified that Nokia is planning to launch a "phablet" device that would go head-to-head with Samsung Corp.'s Galaxy Note.
Dutch incumbent KPN has formed a "platform partnership" with Tibbr, which describes itself as an "enterprise social network" that "connects people, processes, and new and existing business applications in a relevant and personal way." Tibbr will run on KPN's Grip platform.
The owners of French cable company Numericable have invited around ten banks to submit proposals in May for a possible IPO later in the year, reports Reuters. Earlier this year the head of Numericable floated the possibility of a tie-up with struggling mobile operator SFR.
— Paul Rainford, Assistant Editor, Europe, Light Reading