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Euronews: Nov. 4

Alcatel-Lucent (NYSE: ALU), Deutsche Telekom AG (NYSE: DT), and Sky are the big noises in today's roundup of Euronews nuggets.

  • 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.)

    Elsewhere in Europe:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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