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Euronews: Pay Cut for Nokia CEO

Nokia Corp., Deutsche Telekom AG, Telefónica SA and France Télécom – Orange are the giants making the ground shake in today's stomp through the EMEA headlines.
  • Things got a little tight chez Elop last year: Reuters reports that a U.S. regulatory filing showed that Nokia CEO Stephen Elop suffered a 45 percent cut in his pay package in 2012, down from €7.94 million (US$10.39 million) to a measly €4.33 million ($5.63 million). Time to downgrade from that fancy Lumia 920 and start thinking about camping holidays? (See Euronews: Nokia Full-Year Operating Loss Widens.)
  • An EU probe into possible collusion between five of the biggest European operators has been closed, reports Bloomberg. Deutsche Telekom, Telefonica, Telecom Italia SpA, France Telecom and Vodafone Group plc stood accused of using standards-setting processes to gain an unfair advantage over their rivals, but they have now agreed to transfer responsibility for standards-setting to independent trade groups.
  • British mobile performance monitoring and analytics specialist Arieso Ltd. has been acquired by JDS Uniphase Corp. (JDSU) for $85 million in cash. (See JDSU Buys Mobile OSS Vendor for $85M for the full story.)
  • The EU Court of Justice has ruled that TV Catchup, a streaming website based in the U.K. that retransmits free-to-air content from the likes of the BBC, ITV and Channel 4 without their permission, is breaking copyright law, reports the Financial Times (subscription required). TV Catchup claims to have 12 million registered users in the U.K. , but maybe not for much longer.
  • Two regional Internet hubs -- Etisalat's Smarthub and the Amsterdam Internet Exchange B.V. (AMS-IX) -- are hooking up to extend their reach into each other's regions, strengthening links between Europe, the Middle East and Africa.
  • Outgoing Virgin Media Inc. CEO Neil Berkett is set to receive $86.8 million in severance pay and other goodies when he leaves at the end of the year. Berkett decided to cash in his chips once Liberty Global had agreed to buy the U.K. cable operator. (See Euronews: Virgin CEO to Exit After Takeover.) — Paul Rainford, Assistant Editor, Europe, Light Reading

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