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Euronews: Nokia Sells Qt's Remains

Nokia Corp. (NYSE: NOK), Deutsche Telekom AG (NYSE: DT), Exponential-e Ltd. and OTE S.A. loom large in today's jog through the EMEA telecom headlines.

  • Nokia is to sell its Qt apps development software unit to Digia Plc , a Finnish IT services firm, for an undisclosed sum, reports Reuters. Around 125 employees will transfer from Nokia to Digia under the terms of the deal, which is being viewed as part of Nokia's wider strategy to sell off non-core assets and move away from proprietary software development. Digia had already acquired the Qt commercial licensing business from Nokia in March 2011. (See Nokia to Sell Qt Business, Nokia Divests Qt to Digia, Biggest Losers in NokiSoft: Developers and Nokia's 'Unpolished Gems'.)

  • Things are fairly stable at Deutsche Telekom, which saw its second-quarter revenues slip just 0.7 percent year-on-year to €14.37 billion (US$17.7 billion), though net profits declined 13.9 percent to €819 million ($1 billion) if the effects of provisions relating to early retirement programs are discounted. Separately, the German incumbent has been extending its "Developer Garden" to include M2M (machine-to-machine) applications developers. (See DT Posts €600M Profit in Q2, Deutsche Telekom Grows an M2M Developer Garden and Euronews: Will DT Buy Back Into Cable? )

  • U.K. business and wholesale Ethernet service provider Exponential-e has upgraded part of its network to support 100 GigE services. The operator has created a "super-core" network built around four key data-center nodes in the London area. (See Exponential-e Upgrades to 100GigE.)

  • Greek operator OTE is reaping the benefits of some rigorous cost-cutting, posting a 68 percent year-on-year rise in second-quarter profits to €104.5 million ($128.6 million), reports Reuters.
  • More alleged scandal... Telecom Italia (TIM) 's mobile phone unit in Brazil, TIM Brasil , is being investigated over allegations that it deliberately dropped calls from users paying per call rather than by the minute, reports the Financial Times (subscription required). This has been a hot week for allegations of wrongdoing... (See Euronews: Summer Scandal Special.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • digits 12/5/2012 | 5:24:14 PM
    re: Euronews: Nokia Sells Qt's Remains


    Additional info on London 'super-core'...

    The upgrade at Exponential-e came courtesy of the addition of 100 Gig-E line cards to the operator's Alcatel-Lucent 7750 service routers. 


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