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Recovery will take years, says Siemens
Peter Löscher, chief executive, has underscored the fragile nature of the European economic recovery when he warned of a ‘decoupling’ of capital markets’ expectations and industrial realities
Nokia predicts modest boost in profitability
Finnish mobile phone maker Nokia predicts a limited improvement in the profitability of its handset business in 2010, and insists the company would succeed with efforts to improve its smartphones
Bango expects to be profitable after US growth
The mobile software payment group indicated the funds raised from its listing on Aim five years ago could finally bear fruit in 2010
Rivals oppose idea to cut BT pension deficit
The UK telecoms regulator is considering whether to allow BT to include some of the cost of reducing its £9.4bn pension deficit in the wholesale charges that it levies on rivals
Samsung feels the heat from iPhone
The launch the smartphone in Samsung’s home territory has put pressure on the handset maker which is trailing Nokia and Apple in market share
France Telecom loses in European court
Europe’s third-largest telecoms group has lost its court appeal against a European Commission order to repay about €1bn of state aid to the French government that Brussels had deemed illegal
Ex-Vimpelcom chief returns to lead group
Former Vimpelcom chief executive Alexander Izosimov is to take the top role at the enlarged mobile group, less than a year after he stepped down from the company
Malaysia’s Maxis lines up $6bn in India push
The Malaysian mobile telecommunications group controlled by reclusive billionaire Ananda Krishnan, plans to invest up to $6bn in the fast-growing Indian market over the next few years
Carphone Warehouse raises guidance
Carphone Warehouse stepped up preparations for the demerger of its retail and telecoms businesses and raised earnings guidance for 2009-10
Further delay to 3G licences in Thailand
The Thai government plans to renegotiate telecoms concessions signed under previous administrations in a move that could defer the country’s auction of third generation mobile phone licences










