It will be of no comfort to those who are losing their jobs, but the number of Nokia Siemens Networks positions being axed in Finland has fallen, from around 1,200 to 624, according to Finnish website YLE. The recently announced outsourcing of some NSN jobs to Tieto Corp. is one of the reasons why the number of redundancies is lower than previously anticipated. Last year, NSN said that around 17,000 jobs would be lost worldwide as part of a massive restructuring program. (See Euronews: Finns to Bear Brunt of NSN Cuts?, NSN Could Lose More Than 17,000 Staff and NSN Unveils Its Kill List .)
Meanwhile, the Finnish government, via state investment company Solidium, has reduced its stake in Nordic operator TeliaSonera, from 13.7 percent to 11.7 percent, reports Telecompaper.
Hungary is to be referred by the European Commission to the European Court of Justice for refusing to lift its "Robin Hood" tax on the country's telecom sector, reports Reuters. The Hungarian government could face big fines if it refuses to play ball. (See Euronews: Oct. 18.)
The northern English cities of Liverpool, Nottingham and Sheffield have all missed out on a share of the £100 million ($158 million) government fund earmarked for the creation of 100Mbit/s citywide networks, reveals a BBC report. In Wednesday's Budget statement, U.K. Chancellor George Osborne revealed that the successful bidding cities for the cash were London, Edinburgh, Belfast, Cardiff, Birmingham, Bradford, Bristol, Leeds, Manchester and Newcastle. (See UK Govt Lists 'Super-Connected' Cities.)