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Euronews: ZTE Opens London R&D Center

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) is putting down very firm roots in London, Liberty Global Inc. (Nasdaq: LBTY) praises its European operations and Telecom Italia (TIM) is linked to some M&A action in today's roundup.

  • ZTE has opened a network testing and development center in London that is located next to the data center of its new partner, QiComm Ltd. The Chinese vendor says the center is hooked up to all of the main U.K. communications networks and will allow it to test its fixed and wireless technology in a "live network environment." (See ZTE Names UK Partner.)

  • Cable operator Liberty Global, parent company of UPC Broadband , Unitymedia GmbH , Telenet and Chellomedia, reported revenues of US$2.62 billion for the second quarter, citing particular strength in Western Europe and Germany in particular. The company's net loss for the three-month period was $347 million, but that was a notable improvement compared with the net loss of $684 million a year ago.

  • Telecom Italia could be in line for a €4.3 billion ($6.15 billion) acquisition of mobile rival 3 Italia , reports Bloomberg.

  • Austrian FTTH service provider Xlink has launched in the town of Saalfelden, boasting that it can connect customers with a 100Mbit/s service within one day for €39 ($55.86) per month.

    Elsewhere in the EMEA region:

    — Ray Le Maistre, International Managing Editor, Light Reading

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