Sponsored By

Euronews: August 12Euronews: August 12

9:00 AM China Telecom, VimpelCom, and France Telecom are just some smelly flakes in today's potpourri of European telecom news snippets

Paul Rainford

August 12, 2010

2 Min Read
Euronews: August 12

9:00 AM -- China Telecom Corp. Ltd. (NYSE: CHA), VimpelCom Ltd. (NYSE: VIP), and Orange (NYSE: FTE) are amongst those jostling for your attention in today's roundup of European telecom news snippets.

  • China Telecom already has several fingers in the European telecom pie, but it's looking to insert a few more, and an acquisition or two could be on the cards, says the managing director of its European division, Mr Yan Ou. (See China Telecom Plans Euro M&A.)

  • Russian telco VimpelCom, which recently snapped up fixed-line provider Foratek, may be about to buy Italy's No. 3 mobile operator, Wind Telecomunicazioni SpA , as well as a 51 percent share of Egypt's Orascom Telecom , reports Reuters, citing Kommersant. (See VimpelCom Completes Squeeze-Out.)

  • France Telecom is to launch a quad-play offer later this month, predictably called "Orange Open." Prices start at €54.90 (US$70.41), and the deal includes 20-Mbit/s broadband as well as various permutations of Orange TV, VoIP, and mobile. (See France Telecom Launches Quad-Play Offer.)

  • Meanwhile, at the bargain-bin end of the spectrum, Tesco , the UK supermarket chain still on course for complete world domination by 2020, has launched what it claims is the country's cheapest mobile phone tariff. For £6 ($7.70) a month, reports Macworld, thrifty users get unlimited texts and 100 minutes of talk time.

  • Over in Italy, the date of the trial of seven former managers and executives of broadband operators Fastweb SpA (Milan: FWB) and Telecom Italia Sparkle has been set for November 2, reports The Wall Street Journal. The seven face charges of tax fraud and money laundering. Fastweb founder Silvio Scaglia is among those taking the stand.

  • On a less controversial -- though still undeniably Italian -- note, Telecom Italia (TIM) has embarked on the second phase of its Long Term Evolution (LTE) trial, reports Telecompaper. Hardware is being supplied from the likes of Alcatel-Lucent (NYSE: ALU), Huawei Technologies Co. Ltd. , Ericsson AB (Nasdaq: ERIC), and Nokia Networks .

  • And finally: Who says bankers are unpopular? Reuters reports that Acision BV has poached Irish-born Basil Geoghegan, one of London's top money-shufflers, from Deutsche Bank AG . He will take up an as yet unspecified senior position with the SMS technology vendor.

    — Paul Rainford, freelance editor, special to Light Reading

Read more about:


About the Author(s)

Paul Rainford

Assistant Editor, Europe, Light Reading

Paul is based on the Isle of Wight, a rocky outcrop off the English coast that is home only to a colony of technology journalists and several thousand puffins.

He has worked as a writer and copy editor since the age of William Caxton, covering the design industry, D-list celebs, tourism and much, much more.

During the noughties Paul took time out from his page proofs and marker pens to run a small hotel with his other half in the wilds of Exmoor. There he developed a range of skills including carrying cooked breakfasts, lying to unwanted guests and stopping leaks with old towels.

Now back, slightly befuddled, in the world of online journalism, Paul is thoroughly engaged with the modern world, regularly firing up his VHS video recorder and accidentally sending text messages to strangers using a chipped Nokia feature phone.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like