Alcatel-Lucent's third-quarter results saw it post an operating profit of €61 million (US$86 million), significantly better than last year's loss of €11 million ($15.6 million) for the equivalent period but still not enough to thrill the market, which was expecting better margins -- shares in the Paris-based giant fell by nearly 5 percent following the news. (See AlcaLu Posts Q3 Profit.)
Also in third-quarter-posting mode is Deutsche Telekom: The German incumbent reports profits up 8 percent year-on-year, or up 22 percent if the "deconsolidation effect" of T-Mobile (UK) is taken out of the equation. An IPTV boom in Eastern Europe forms part of the happy picture, the company said. (See Deutsche Telekom Posts Q3.)
Away from the balance sheets, ZD Net reports that the European Commission has given €11 million ($15.6 million) in funding to Symbeose, the consortium of 24 organisations that is looking into ways of developing the Symbian mobile platform for embedded systems and cloud computing.
The BBC reports that the UK government's Business Secretary, Vince Cable, has ordered regulatory body Ofcom to formally investigate Rupert Murdoch's plan to take full control of triple-play provider BSkyB. At the moment the News Corporation boss "only" owns 39 percent of it. (See Euronews: Oct. 22.)