Finnish operator DNA has announced the appointment of Jukka Leinonen as its new chief executive.
Leinonen was previously the company’s vice president of corporate business but has been acting chief executive since the end of August 2013, when former chief executive Riitta Tiuraniemi quit the role.
“The aim of the Board of Directors was to find a CEO who has a strong ability to map out new opportunities for DNA (Helsinki, Finland) in the midst of the upheaval in the telecommunications industry,” said Jarmo Leino, DNA’s chairman.
Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.
The deal, announced in September and which includes a 10-year licensing agreement of Nokia's (Helsinki, Finland) patent portfolio, underscores Microsoft's (Seattle, WA, USA) push into the competitive consumer devices market.
It faces fierce competition from market leader Samsung Electronics (Seoul, South Korea) and Apple (Cupertino, CA, USA).
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German software giant SAP has announced plans to expand its strategic partnership with China Telecom into the field of cloud computing.
Under the agreement, China Datacom – a joint venture between SAP and China Telecom subsidiary China Communication Services (CCS) – will offer SAP’s cloud services to businesses in China.
According to SAP’s statement, CCS will also become the first local customer of SAP’s cloud services.
Russian telecoms incumbent Rostelecom has flagged growth in revenues and profits on the back of rising demand for broadband and pay-TV services.
The state-controlled operator reported a 12% increase in net profit for the three months ending September, to RUB10.5 billion ($319 million), and a 2% rise in revenues, to RUB78.2 billion, compared with the same period of 2012.
The three existing Czech mobile operators, Telefonica Czech Republic, T-Mobile and Vodafone, won an auction of radio spectrum for 4G high-speed mobile data networks, the telecoms regulator said on Tuesday.
The regulator, CTU, said two newcomers, Revolution Mobile and Sazka Telecommunications, did not win any frequencies - a surprise given that auction conditions included setting aside space for a fourth operator.
Deutsche Telekom is reported to be holding exclusive talks with private-equity player Hellman & Friedman over the sale of its Scout24 online classifieds portal.
According to a report from the UK’s Financial Times newspaper, citing sources familiar with the matter, the German incumbent is on the verge of selling a 70% stake in Scout24 to Hellman & Friedman (San Francisco, CA, USA) for the fee of about €1.5 billion ($2 billion).
A rally in European telecom stocks has closed the big valuation gap with U.S. peers seen nine months ago, boosted by hopes that regulators will allow more mergers in the industry as it starts to recover from the bruising recession.
A series of telecoms and cable industry deals this year has helped fuel speculation that competition regulators will loosen the leash on mobile firms wanting to merge to encourage the investment needed for Europe to catch up on building faster broadband networks.
The Global M2M Association (GMA) has signed up two new members in the form of Japan’s SoftBank and Canada’s Bell, increasing overall membership of the organization to six operators in different parts of the world.
The addition of SoftBank (Tokyo, Japan) and Bell (Montreal, Canada) gives the GMA its first members with headquarters outside Europe and comes just five months after Telecom Italia became its fourth member.
Italian Prime Minister Enrico Letta has reportedly unveiled plans to set investment targets for the country’s telecoms sector to ensure it does not fall behind other parts of Europe.
According to a report from Reuters, Letta has appointed a group of telecoms and economics experts – including former Cable & Wireless (London, UK) chief executive Francesco Caio, French economist Gerard Pogorel, and former FCC advisor Scott Marcus – to produce a report on investment requirements by the end of the year.