Euronews: Sept. 10

Nokia Corp. (NYSE: NOK), Vodafone Group plc (NYSE: VOD), BT Group plc (NYSE: BT; London: BTA), and the French are at it again in today's roundup of telecom news nuggets.

  • Nokia has given in to investor pressure and asked CEO Olli-Pekka Kallasvuo to clear his desk and exit the building by September 20, after which he will be replaced by a Microsoft Corp. (Nasdaq: MSFT) man who has previously done time at Juniper Networks Inc. (NYSE: JNPR). (See Nokia Dumps CEO, Hires Elop.)

  • Vodafone, the UK-based operator which sold its stake in China Mobile Ltd. (NYSE: CHL) earlier this week, has created a special unit to take control of its other minority stakes in foreign operators worldwide, reports The Daily Telegraph. Significantly, the stakes being put in the pot include its 45 percent interest in Verizon Communications Inc. (NYSE: VZ), a move that has fueled speculation that Vodafone may be about to "do a China Mobile" on the US giant. (See Vodafone Reorganizes, Vodafone Sells China Mobile Stake.)

  • BT has chosen Cisco Systems Inc. (Nasdaq: CSCO) technology to build its content delivery network (CDN). (See BT Builds CDN With CDS.)

  • Following speculation last month that it might happen, Reuters reports that, under pressure from European regulators, the French government's Economic Ministry is going to submit a plan to fun-sized President Nicolas Sarkozy to raise the value-added tax on triple-play bundles to 19.6 percent. As things stand, the TV portion of the bundle is taxed at only 5.5 percent. (See Euronews: August 25.)
  • Project Canvas, the BBC-backed venture to bring Internet services to TV screens, has received the support of more than 40 consumer device manufacturers following a call for expressions of interest last month, Broadband TV News reports. This makes a change for Canvas, which has recently got used to being the focus of criticism from the likes of Virgin Media Inc. (Nasdaq: VMED) and Sky . (See Euronews: August 3, BBC Consults on IPTV.)
  • Oh, those Russians... Evgeniy Yurchenko, the head of Russian state-run telco holding company Svyazinvest , has resigned following a spat with affiliate firm Rostelecom , reports Reuters. In other European news:

    — Paul Rainford, freelance editor, special to Light Reading

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