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Euronews: BT May Cut Sales Forecast

Ray Le Maistre
10/29/2012

BT Group plc (NYSE: BT; London: BTA), Telenor Group (Nasdaq: TELN), Vodafone Group plc (NYSE: VOD), Gemalto , VimpelCom Ltd. (NYSE: VIP) and Phoenix Photonics Ltd. start the week's news cycle.

  • Lower-than-expected spending by large European corporate customers may cause BT to cut its full-year sales forecast, according to this Bloomberg report. The British operator is due to unveil its fiscal second-quarter results on Nov. 1

  • Telenor has promoted Rolv-Erik Spilling from deputy head of digital services to head of the digital unit with immediate effect. He replaces Kristin Skogen Lund, who quit Telenor in September to become director general of the Confederation of Norwegian Enterprise (NHO). The digital services unit, which was formed in September 2011, is responsible for developing "new services in the digital economy, focusing specifically on Internet services that Telenor Group and partners will deliver globally." Such partners include Telefónica SA (NYSE: TEF)'s Digital unit and Google (Nasdaq: GOOG). (See Telefónica, Telenor Team on APIs, Telefónica: In APIs We Trust and Telenor Bills for Google Play Purchases.)

  • Vodafone has chosen Gemalto's Trusted Service Management (TSM) platform and its UpTeq near-field communications (NFC) smart card to underpin the rollout of NFC-based mobile wallet services in multiple international markets. Vodafone has also teamed up with CorFire to develop its mobile wallet capabilities: CorFire's technology works in near-field communications (NFC) and non-NFC deployments. Vodafone's move will likely give heart to the NFC ecosystem, though it seems clear that the operator isn't pinning all its mobile commerce hopes on one technology. (See Did Apple Just Kill NFC? and Will Vodafone Start a Mobile Coupon Craze? )

  • Russian carrier Vimpelcom, which is hardly ever out of the financial news these days, is planning to sell its operations in Africa and Asia/Pacific, according to a report in The Financial Times. (See Euronews: VimpelCom Postpones Euro Listing.)

  • U.K. optical components specialist Phoenix Photonics has moved to larger premises near Canterbury as it expands its production, R&D and sales teams. (See Phoenix Unveils New Products at ECOC.)

    — Ray Le Maistre, International Managing Editor, Light Reading

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