Euronews: Nokia Slashes Smartphone Prices
Nokia Corp. (NYSE: NOK), Virgin Media Inc. (Nasdaq: VMED) and Spotify make some noise on a quiet telecom news day in Euroland.
Harassed handset giant Nokia cut its smartphone prices in Europe by as much as 15 percent at the start of July, reports Bloomberg, citing the analyst firm CCS Insight . Competition from entry-level rivals in the smartphone space is thought to be fueling the cuts. (See Nokia Lowers Outlook, Shares Slump and Euronews: Nokia's Market Share Shrinking.)
U.K. cable operator Virgin Media has teamed up with Spotify, the (mainly) free music-streaming service, bringing Spotify's catalogue of 13 million or so tracks to Virgin subscribers via PC, mobile or -- for the first time in the U.K. -- TV sets. (See Virgin Media Teams With Spotify.)
Ofcom , the U.K. telecom regulator, has produced an interactive map of fixed broadband, showing how all the regions compare in terms of download speeds, availability of "super-fast" broadband and so on. Not surprisingly, London is looking good, while barely civilized outposts such as the Scottish Highlands and the Isle of Wight are broadband laggards. (See ISPs Shamed by UK Broadband Speed Tests and BT Preps 'Landmark' FTTC Investment.)
Elsewhere in Europe:
— Paul Rainford, Assistant Editor, Europe, Light Reading