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Europe

Euronews: August 2

9:25 AM -- Nokia Networks , Orange Spain , and Telefónica SA (NYSE: TEF) all make their presence felt in today's roundup of European telecom news.
  • Nokia Siemens Networks, the 50:50 joint venture between Nokia Corp. (NYSE: NOK) and Siemens AG (NYSE: SI; Frankfurt: SIE), is reportedly looking to raise around $1 billion by selling a one-third stake to private equity investors. (See Report: NSN In Stake Talks.)

  • The Spaniards are busy. TradingMarkets.com, citing the newspaper Cinco Dias, reports that Orange Spain has signed a partnership deal with Spanish pay-TV operator Sogecable SA , under the terms of which the operator will incorporate Sogecable's Canal+ channel in its Orange TV platform. Orange and Sogecable also plan to launch a joint triple-play offering.

  • Still in Iberia, Telefónica is in talks with Tuenti over a potential acquisition of the Spanish social networking company, reports Telecompaper, again citing Cinco Dias.

  • In other telly-related news, Reuters reports that the UK's main commercial broadcaster, ITV plc (London: ITV), is planning to launch a pay-TV service as part of new five-year strategy. Some weary viewers might say ITV needs to up its game on the content front if it expects people to acually pay hard cash for its output...

  • Talking of weary customers, the latest survey from the broadband.co.uk portal Website confirms the findings of last week's Ofcom report, showing that, while average broadband speeds in the UK have increased -- up from 4.2 Mbit/s last year to 5.106 Mbit/s now -- they still lag behind much of the rest of Western Europe. (See ISPs Shamed by UK Broadband Speed Tests and Ofcom Tests Broadband Speeds.)

    — Paul Rainford, freelance editor, special to Light Reading

  • Michelle Donegan 12/5/2012 | 4:28:02 PM
    re: Euronews: August 2

    Telefonica confirmed today that it acquired a stake in the Spanish social networking site, Tuenti, but it didn't say how big the stake is or how much it paid for it.

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