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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

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How the market proved no panacea for BT

The verdict must be that privatisation provided a route for the managed decline of a business whose purpose was disappearing, writes John Kay

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