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Euronews: Nokia Knocked Off Top Spot

Nokia Corp. (NYSE: NOK), Sequans Communications and Sky proffer something for the weekend in today's trot through the EMEA headlines.

  • After 14 years as the world's leading mobile handset vendor, Nokia has been relegated to second place in the first quarter of 2012 by a rampant Samsung Corp. , which increased its handset shipments by 36 percent year-on-year to 93.5 million, giving it a market share of 25.4 percent compared with Nokia's 22.5 percent. (See Nokia Loses Its Mobile Crown.)

  • Sequans, the French wireless chip specialist, has suffered a US$9 million loss in its first quarter, which compares with a $5.6 million loss in the fourth quarter of 2011 and a profit of $2.3 million in the first quarter of 2011. Sequans went public about a year ago and has been trying to make headway in the Long Term Evolution Time Division Duplex (LTE TDD) chip market as its WiMax heartland begins to erode. (See Sequans Lifted by Early LTE TDD Action.)



  • Ofcom , the U.K.'s telecom and broadcasting regulator, is taking a harder look at whether satellite broadcaster BSkyB is a "fit and proper" company to hold a broadcast license, reports the BBC, as the Leveson inquiry into the behavior of News Corp. (NYSE: NWS) newspapers and others continues to grip the U.K. media. Ofcom has requested more documents relating to the "phone hacking" found to be rife at the now-defunct News of the World Sunday newspaper.

  • T-Hrvatski Telekom , the Deutsche Telekom AG (NYSE: DT)-owned Croatian operator, saw its first-quarter revenues fall 4.7 percent year-on-year in the face of tougher economic conditions and regulation, but still managed to increase profits by 3.7 percent to €48 million ($63.5 million) through a program of cost-cutting.

  • Need a new shower cubicle? Don't mind the faint smell of pee? BT Group plc (NYSE: BT; London: BTA) is selling off more of its classic K6 red phone boxes which have become more or less redundant since the world and his wife bought a mobile phone. You can secure yours for a mere £1,950 ($3,163) plus VAT and delivery.



    — Paul Rainford, Assistant Editor, Europe, Light Reading

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