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Euronews: Testing Times for Portugal Telecom

Portugal Telecom SGPS SA (NYSE: PT), T-Mobile Deutschland GmbH and Orange France start the week in today's regional roundup.

  • The dire economic situation in Portugal has predictably taken its toll on the second-quarter results of incumbent operator Portugal Telecom, reports Reuters. Excluding results from Oi in Brazil, in which Portugal Telecom is a major shareholder, revenue dropped 6.5 percent year-on-year, with one of the few bright spots in the gloom being provided by its pay-TV service, which is made up of both IPTV and satellite offerings and now has 919,000 customers, up more than 30 percent from a year ago. (See Glimmers of Hope for PT, Portugal Telecom Reports H1, PT Updates on Oi Investment and Viva La Vivo Deal.)

  • The Polish arms of T-Mobile and Orange have signed an agreement to share their radio access networks. Polska Telefonia Cyfrowa Sp. z.o.o. (PTC) , which operates the T-Mobile network, and Centertel (Orange) are forming a joint venture called NetWorks! to implement the agreement. (OK, whose idea was the exclamation mark?) (See Polish Operators Share Networks, Euronews: Deutsche Telekom Looks East, Poland's Era Rebranded as T-Mobile and Poland: Vendor Magnet.)

  • Deutsche Telekom AG (NYSE: DT) subsidiary Magyar Telekom plc is joining forces with Telenor Hungary Zrt. , Vodafone Hungary , MasterCard, OTP Bank and retailer SuperShop to form the Hungarian Mobile Wallet Association, which will look to agree standards for the successful implementation of NFC (near field communication) technology in Hungary's retail sector. (See Carriers Team for Mobile Wallet in Hungary.)

  • Amino Technologies plc (London: AMO), the U.K.-based provider of IPTV and OTT (over-the-top) technology, is heading in the right direction, with half-year revenues up 36.2 percent and gross profit up 33.5 percent year-on-year. However, it still recorded an operating loss of £400,000 (US$651,000), albeit down from £1 million ($1.6 million) a year ago. (See Amino Reports H1 .)

  • Chinese giant ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) continues its push westwards with the announcement that it plans to team up with various as yet unnamed telcos to create 10 innovation centers, most of which will be in Europe. (See ZTE Hits the UK High Street , Euronews: ZTE Teams With Russian Giant and BT, ZTE Team in Research Partnership.)

  • In an interview with the Sunday Telegraph, outgoing EE CEO Tom Alexander is at pains to point out that he wasn't pushed. "I was taken aback by some of the negativity [this week]," he says. "I wanted to put to bed some of the rubbish ... To be honest, I'm going through a mid-life crisis. My daughter has just turned 13 and over the last few months I've had a shock that my little eight year-old is now 13. My baby girl now wears short skirts and make-up and is now a little woman. It is as simple as that. I need some time. I need to take a breath." Sounds like a little R&R might indeed be in order. (See CEO Quits Everything Everywhere.) — Paul Rainford, Assistant Editor, Europe, Light Reading

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