Device operating systems

Euronews: Nokia Dismisses Sale Rumor

Nokia Corp. (NYSE: NOK), Microsoft Corp. (Nasdaq: MSFT), Orange (NYSE: FTE) and Google (Nasdaq: GOOG) make the scene in today's regional roundup.

  • Nokia CEO Stephen Elop has categorically denied there is any truth in the rumor that circulated on Wednesday about a possible takeover of the Finnish giant's mobile phone business by Microsoft, reports The Guardian. The rumor surfaced on the BGR website and, according to the BBC, helped Nokia shares recover ground from their 11 percent slide following a profits warning. (See Nokia Lowers Outlook, Shares Slump , Microsoft + Skype + Nokia? and MWC 2011: Nokia Guns for Android .)

  • France Telecom has been having discussions with Google about a "stronger segmentation of access" to telecom networks, reports Reuters. In other words, the pair might be able to benefit from persuading those who want a superior Internet service to pay superior prices. (See Euronews: France Telecom Outlines Masterplan, Net Neutrality: EU vs. US and Telcos Show Their Google Envy.)

  • Vodafone Group plc (NYSE: VOD) has decided to lend more weight to profits rather than revenues when it comes to senior executives' bonuses, reports the Financial Times (subscription required). Profits at the mobile giant fell more than 8 percent year-on-year in the most recent period, despite an increase in revenues. (See Euronews: Vodafone Hit by Charges and Vodafone Deepens Ties With Verizon.)
  • The Belgian bit of Dutch-owned operator KPN Telecom NV (NYSE: KPN) has lost its CEO: Libor Voncina is leaving the company on June 15, after about five years in the hotseat. He is, as they say, pursuing new opportunities. (See KPN Belgium Boss Leaves.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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