Euronews: Deutsche Telekom's Smart Move

Deutsche Telekom AG (NYSE: DT), Cable & Wireless Worldwide plc (London: CW) and Apple Inc. (Nasdaq: AAPL) come up for air in today's trip through the EMEA telecom headlines.

  • Capgemini has landed a juicy Service Provider Information Technology (SPIT) deal with Deutsche Telekom. The French IT services and systems integration giant has signed a five-year business intelligence (BI) framework agreement to manage and consolidate the German operator's BI assets in Germany. The aim is to simplify the operations of subsidiary Telekom Deutschland GmbH and improve the way critical data is analyzed and used. (See DT Uses Capgemini for BI.)

  • Analysts are predicting that U.K.-based group Cable & Wireless Worldwide may well end up recording a loss for the current year, reports The Guardian, if, as expected, it writes down the value of two companies it acquired before the so-called "credit crunch" struck in 2008. (See Pluthero Back in C&W Hot Seat.)

  • Following news of the death of Steve Jobs, shares in Apple dropped 1.9 percent in electronic trading on the German exchange, reports Bloomberg, though one trader dismissed it as a "shock reaction." (See Apple Chairman Steve Jobs Is Dead at 56 and Tributes to Steve Jobs.)

  • Three UK , the U.K.'s smallest mobile operator, posted a smartphones-driven 6.2 percent rise in revenues to £1.7 billion (US$2.6 billion) in its 2010 financial-year results, though it still made a pre-tax loss of £92 million ($142 million), reports the Financial Times.

    In other Euronews:

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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