The head of Telekom Austria has told European Communications that he is pleased to have América Móvil as a major shareholder.

TeliaSonera has revealed it is likely to cut 2,000 jobs in the next two years due to increasing costs and service revenue issues.

Nokia Siemens Networks is to team up with the Consortium of Advanced Telecommunications (COTA) and its partner Wimax Online to create Spain’s first 4G TD-LTE network.

Neelie Kroes, the European Commission VP responsible for the DigitalAgenda, called on the telecoms industry to lobby governments to unlock investment for high-speed broadband.

Alcatel-Lucent has launched a new network monitoring solution that promises to address fibre optic-based outages.

Swedish telecommunications firm Ericsson has announced the launch of two new solutions that aim to improve broadband and mobile facilities in home and stadium environments.

The company's next-generation Broadband Network Gateway (BNG) is designed to improve services in people's homes, while its new stadium-optimised Wi-Fi system aims to enhance services in busy stadiums.

Telecommunications giant Nokia has officially divested Vertu, a UK-based luxury mobile phone provider, to a private equity body. The Finnish telecoms firm announced in June this year that it planned to divest Vertu, which has its headquarters in Church Crookham, England, to EQT VI. 

Under the terms of the agreement, around 1,000 employees are set to be transferred over to Vertu, while Nokia is set to retain a 10 percent minority shareholding in the organisation. 

Two new reports warn of a bleak future for the European mobile industry.