Euronews: Telefonica on the Slide in Spain

Telefónica SA (NYSE: TEF), Three UK and Rostelecom jostle for position in today's regional roundup.

  • These are tough times for Telefónica on its home turf, reports Reuters. Rising levels of unemployment in Spain mean that customers are switching away from the big boys and opting instead for cheaper mobile brands such as Telia Company 's Yoigo . According to data from watchdog CMT, Telefónica's customer base fell by more than 40,000 in April, compared with the previous month. (See Euronews: Telefonica Grooves to the Latin Beat, Euronews: Spanish Spectrum for Orange & Yoigo and Telefónica Cranks 3G to 42 Mbit/s.)

  • As from July, U.K. mobile operator 3 will have a new CEO, in the shape of David Dyson, who is currently the company's COO. Kevin Russell, the present CEO, is heading back to Australia. High up on Dyson's to-do list will be acquiring enough spectrum in the U.K.'s next auction, due in the first quarter of 2012.

  • State-owned Russian giant Rostelecom has bought a 39.9 percent stake in Bashinformsvyaz, reports Reuters. Bashinformsvyaz is the largest operator in the far-flung (well, far-flung from Moscow anyway) republic of Bashkortostan, with over 1 million fixed-line subscribers. (See Russian Ops to Share LTE Network.)

  • The latest monthly survey of U.K. broadband speeds by comparison website broadband.co.uk reveals that Virgin Media Inc. (Nasdaq: VMED) still rules the roost with an average downlink speed of 12.854Mbit/s. BT Group plc (NYSE: BT; London: BTA), meanwhile, languishes at ninth in the list, with 5.439Mbit/s. (See Ofcom Reveals Real UK Broadband Speeds, ISPs Shamed by UK Broadband Speed Tests and 'Up To' No Good.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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