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Euronews: Symbian on Life Support (Until 2016)

Paul Rainford
5/27/2011

Nokia Corp. (NYSE: NOK), Mobile TeleSystems OJSC (MTS) (NYSE: MBT) and eir are in the spotlight in today's regional roundup.

  • Handset giant Nokia has agreed to carry on supporting its Symbian operating system at least until 2016, reports Bloomberg, citing a blog post by CEO Stephen Elop. Symbian development was outsourced to Accenture last month. (See RIP Symbian & MeeGo: Nokia Ties Future to WP7 and Nokia Unveils Major Revamp.)

  • Separately, Nokia has struck a deal with CNN, which sees the Finnish firm becoming one of the broadcaster's mapping providers. The collaboration had a try-out for Britain's recent royal wedding, apparently. (See Nokia, CNN Team on Mapping and Nokia Offers Ovi Maps for Free.)

  • MTS, one of Russia's leading mobile operators, reported revenues up 12.2 percent year-on-year but net income down 16.1 percent at US$321.6 million in its first-quarter results. Subscriber additions and the growth in data traffic were the main drivers of increased revenues, said President and CEO Andrei Dubovskov. (See MTS Reports Q1, Russian Ops to Share LTE Network and LTE Beckons in Uzbekistan .)

  • Irish incumbent eircom is feeling the pressure to restructure its debt, reports Reuters. If it fails to act, the operator faces breaching its financial covenants within the next three months or so. (See Eircom Reports Q2 and Lenders to Lean on Eircom.)

  • The fair English counties of Wiltshire, Norfolk, Devon and Somerset are the next in line to receive a share of the U.K. government's £530 million ($870.8 million) funding for super-fast broadband development in rural areas. The government has said it is committed to providing the best super-fast broadband in Europe by 2015 -- yikes! (See UK Doles Out More Broadband Cash, BT Preps 'Landmark' FTTC Investment, British Broadband Cash Survives Cuts and Brits Press On With Broadband Plans .)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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