Euronews: You're on Your Own, Govt Tells Nokia

Nokia Corp. (NYSE: NOK), KPN Telecom NV (NYSE: KPN) and Technicolor (Euronext Paris: TCH; NYSE: TCH) top the bill in Thursday's trot through the EMEA headlines.

  • The Finnish Prime Minister has said his government has no plans to buy any Nokia shares to help support the ailing handset giant, reports Reuters. On a visit to a factory in Salo, Jyrki Katainen said: "This is not our business. We are developing Finland into a country where companies can do well, but this is not the way of support along which the government will go." (See Nokia Poll: Microsoft Merger Expected, Euronews: Market Ponders Nokia's Future and Nokia Cuts 10,000 Jobs, Restructures.)

  • Carlos Slim will no doubt be feeling more confident about his bid to take a larger stake in KPN following the news, reported on Bloomberg and elsewhere, that the Dutch carrier's attempted sale of its German E-Plus Service GmbH & Co. KG unit to Telefónica SA (NYSE: TEF) has fallen through. KPN had hoped that the sale of E-Plus would have helped stave off the bid from Slim's América Móvil S.A. de C.V. (See Euronews: Slim Makes His Move on KPN and Slim's Dutch Drama .)

  • France's Technicolor is to receive a cash injection of up to €191 million (US$242 million) following a shareholder vote on a proposal from Vector Capital . Vector has been scrapping it out with JP.MorganChase for greater control of the troubled video technology specialist. (See Technicolor to Raise Fresh Funds, Technicolor Shareholders OK Vector Proposal and Technicolor Rejects Amended Proposal.)

  • A Dutch court has ruled that Apple Inc. (Nasdaq: AAPL) has infringed one of Samsung Corp. 's patents and must pay an unspecified amount in damages to the South Korean electronics giant, reports the BBC. The patent in question relates to the way the pair's respective phones and tablets connect to the Internet. The damages sum will be based on sales of Apple's iPhone and iPad in the Netherlands. This one will run and run... (See Making Sense of the Handset Patent Plays and Apple Escalates Samsung Lawsuit.)

  • Orange France has switched on its first citywide 4G network in the southern city of Marseille and is showing off the potential services using Huawei Technologies Co. Ltd. and Samsung Corp. devices. Commercial services will be available within "the coming months." Lyon and Nantes will get LTE services before the end of 2012, followed by 12 other cities by summer next year. (See French Award More LTE Spectrum and French Regulator Awards 4G Licenses.)

  • Following reports that former CEO Tom Alexander is considering an £8 billion ($12.5 billion) bid for EE , Orange UK and T-Mobile (UK) 's U.K. mobile joint venture, Reuters informs us that EE is to pay an additional dividend of £250 million to its owners. (See Euronews: Big Hitters Back $12.5B Mobile Bid.)

  • Just six months after it was introduced, the Croatian government is proposing to scrap its 6 percent tax on mobile phone services, reports Reuters. Croatia fears that the tax won't help its efforts to become a member of the European Union.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • joset01 12/5/2012 | 5:29:39 PM
    re: Euronews: You're on Your Own, Govt Tells Nokia

    What light does this throw on Nokia's options? M&A more likely?

    krishanguru143 12/5/2012 | 5:29:32 PM
    re: Euronews: You're on Your Own, Govt Tells Nokia

    Many would wait for bankruptcy and buy bits and pieces of the company.  No one would want the handset business.  Elop has made sure that WP is the only phone OS option by killing everything else; think slash and burn.  With WP8 not being compatible with the current handsets, every single WP7 customer just got slapped by Microsoft.  Nokia basically sold handsets good for a year.  Elop new this going in and still went ahead with the emergency move to WP.  Why would anyone that bought a Nokia handset running WP want to buy a new one so soon?  WP8 apps won’t run on WP7 and all new apps and updates will be for WP8.  Elop slapped every customer they had by killing Symbian, MeeGo and S40 in favor of WP.  Now he has slapped the ones that followed him to the “greener pasture” and slapped them.  Great job Elop, great way to build on brand loyalty.


    Queue the lawsuits.

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