Euronews: Sept. 8

Vodafone Group plc (NYSE: VOD), Swisscom AG (NYSE: SCM), Deutsche Telekom AG (NYSE: DT), and Nokia Networks lead the way in today's roundup of European telecom news nuggets.

  • Well, it's started... As widely predicted, UK-based mobile giant Vodafone has begun offloading its minority interests abroad with the sale of its 3.2 percent stake in China Mobile Ltd. (NYSE: CHL). According to Marketwatch, shares in Vodafone fell 1 percent on the back of the news, while Reuters revealed that China Mobile's shares slumped 4 percent. So everyone's happy... (See Vodafone Sells China Mobile Stake and Euronews: August 27.)

  • Swisscom has made an offer for the few shares in Italian broadband provider Fastweb SpA (Milan: FWB) it doesn't already own. It's willing to pay €256 million (US$326 million) for the remaining 18 percent, thereby completing the takeover it began in 2007. (See Swisscom Bids for Rest of Fastweb.)

  • Brave new Welt... Deutsche Telekom has had a glimpse of the future and it's all about smart grids, smart vehicles, and networked healthcare -- so it's created three new business units with three new managers in charge. One of them's called Gabriele Riedmann de Trinidad, which adds an extra frisson to the development. (See Deutsche Telekom Unveils New Units.)

  • Nokia Siemens Networks (NSN) understands the growing importance of service brokers -- a key Service Provider Information Technology (SPIT) element -- which is why it is investing in OpenCloud Ltd. , one of the few independent telecom service brokers left in the market following a spate of acquisitions. (See NSN Invests in OpenCloud, Metaswitch Squeezes AppTrigger, Who Makes What: Telecom Service Brokers, and The SPIT Manifesto.)

  • UK Internet service provider TalkTalk has had its knuckles rapped by the Information Commissioner's Office (ICO) for failing to tell its customers about a malware system trial, the BBC reports. The system collected the URLs of websites visited by TalkTalk's unsuspecting subscribers, which the ICO considered a bit naughty.

    — Paul Rainford, freelance editor, special to Light Reading

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