x
Regulation

Eurobites: 'Uzbekgate' Claims More Victims at Telenor

Also in today's EMEA regional roundup: Telefónica offers Cyanogen phone; Iliad revenues up; Swisscom says "get on myCloud."

  • The aftershocks of corruption allegations surrounding VimpelCom Ltd. (NYSE: VIP) 's operations in Uzbekistan continue to wobble the walls at Telenor Group (Nasdaq: TELN), which has temporarily suspended its CFO, Richard Olav Aa, along with three other Telenor executives. In statements announcing the suspensions, Telenor was at pains to point out that that it has "no reason to believe" that the executives named have been directly involved in the alleged corruption at VimpelCom, but that it has removed them from duties temporarily while Deloitte's investigation into the allegations continues. (See Eurobites: Ex-VimpelCom Boss Held Over Uzbek Deals and Eurobites: Norway Dumps Telenor Chairman.)

  • Telefónica is to become the first European operator to offer a device running the Cyanogen operating system, courtesy of BQ, a Spanish smartphone maker. According to Telefónica, Cyanogen is an Android-based OS that offers a more customizable interface and higher levels of privacy and security. The first smartphone running the OS, BQ's Aquaris X 5, will be available in Spain through the Mobistar brand and the UK through O2.

  • Iliad (Euronext: ILD), the enfant terrible of French operators, has seen revenues grow by 5.3% year-on-year in its third quarter to €1.11 billion, with its Free mobile brand, up 11.4% to €463 million, leading the charge. As of September 30, its total number of subscribers stood at 17,397,000, including 390,000 new mobile subscribers, who were added during the third quarter. (See Eurobites: Iliad Puts Pressure on French Rivals.)

  • Swisscom AG (NYSE: SCM) has launched -- on a trial basis -- a new data storage service, myCloud, which allows its customers to store their photos, videos and other files in the cloud. Customers with Swisscom's TV 2.0 service will be able to use myCloud to view their videos and photos. (See Swisscom Launches myCloud.)

    — Paul Rainford, Assistant Editor, Europe, Light Reading

  • Be the first to post a comment regarding this story.
    HOME
    Sign In
    SEARCH
    CLOSE
    MORE
    CLOSE