London-based operator Cable & Wireless Worldwide, which suffered as a result of U.K. government spending cutbacks, has issued a second profits warning in less than a year, reports The Independent. Shares fell nearly 15 percent in the wake of the operator's trading statement, which, among other things, said that the decline in value of some of its voice contracts was now expected to be greater than previously predicted. (See Mixed EuroFortunes, British Broadband Cash Survives Cuts and C&W Worldwide Retains Gov't Deals.)
Polish operator TP has agreed a preliminary deal to sell its radio and TV broadcast infrastructure unit, TP Emitel, to a private equity firm for 1.7 billion Polish Zloty ($599 million), reports the Warsaw Business Journal, citing Rzeczpospolita. (See Euronews: Sept. 6.)
Get in line again, Eurogeeks! The iPad 2 hits the stores in all major European countries today, so expect to see plenty of those "xxxxx from xxxx has been camped outside the Apple Store in XXXX for xxxx weeks [insert your own details]" stories doing the rounds and giving Apple Inc. (Nasdaq: AAPL) loads of free publicity. Trouble is, the Nintendo 3DS also launches in the U.K. today -- so which queue to choose? (See Apple Confirms iPad 2 International Launch Date and iPad 2: Fast & Skinny But No USB.)
— Paul Rainford, Assistant Editor, Europe, Light Reading