Euronews: Nokia Names New CTO

Nokia Corp. (NYSE: NOK), Deutsche Telekom AG (NYSE: DT) and Alcatel-Lucent (NYSE: ALU) are three of the big beasts roaming the EMEA news jungle today.

  • Nokia has appointed Henry Tirri as CTO, replacing Richard Green, who is leaving the company and returning to the U.S. Previously, Tirri was head of the Nokia Research Centre. He will now be based in Sunnvyale, Calif., and will report directly to CEO Stephen Elop. (See Nokia Puts Microsoft Strategy Into Action and Top 5 Candidates for Nokia's Exec Shakeup.)

  • Deutsche Telekom has refuted claims carried in Manager, a German magazine, that it has embarked on a furious round of cost-cutting in a bid to salvage its full-year targets, reports Reuters. (See Euronews: DT Slumps Following AT&T Bombshell and Brutal Q2 for Deutsche Telekom.)

  • Alcatel-Lucent has unveiled its new VDSL2 line cards, which incorporate vectoring capabilities and, says the company, can boost the speed of a copper broadband connection to 100 Mbit/s downstream over shorter line lengths. (See AlcaLu Speeds Up Its VDSL2 and AlcaLu Launches VDSL2 Vectoring.)

  • BT Group plc (NYSE: BT; London: BTA) claims it is the first U.K ISP to offer cloud-based gaming, with the launch of a three-months-for-free trial of the service for its broadband customers. It's the result of a collaboration with on-demand gaming firm OnLive Inc. (See BT Gets Into Cloud Gaming.)

  • Italian operator Wind Telecomunicazioni SpA has achieved bright and indeed breezy mobile broadband speeds of up to 42 Mbit/s in tests on its network following an upgrade to HSPA+ courtesy of Nokia Networks . (See NSN Boosts Wind Speeds.)

  • Egyptian operator Mobinil , in which France Orange (NYSE: FTE) and Orascom Telecom are the major shareholders, has appointed Yves Gauthier as its new CEO, replacing Hassan Kabbani, who is leaving the group.

  • Japanese giant NTT DoCoMo Inc. (NYSE: DCM) is planning to up its investment in German mobile content distribution and mobile payments subsidiary Net Mobile by €28.4 million euros (US$38.1 million), mainly to acquire a controlling stake in Bankverein Werther, a German bank, as part of plan to enhance Net Mobile's mobile payment platform. (See DoCoMo to Buy Content Delivery Specialist.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Be the first to post a comment regarding this story.
    Sign In