[Reuters] - FRANKFURT/LONDON (Reuters) - Seeking to escape a cycle of falling prices and tight regulation, big telecom operators from Vimpelcom (VIP.O) to Telefonica (TEF.MC) are set to reinvent themselves as internet players to escape the industry's straight-jacket of low growth. Next week's Mobile World Congress in Barcelona will feature phone companies in various stages of acceptance that the industry's predictable, decades-old business model based on selling data packages by the millions is running out of steam.
[at MarketWatch] - Stocks in Europe are falling Friday, with Royal Bank of Scotland and BASF dragged lower after financial results, leaving the market to lose some altitude after hitting 14-month highs this week.
[Reuters] - Budapest stocks retreated from record highs on Thursday, driven by Magyar Telekom which opted against raising its dividend guidance while Central European stock indices mostly rose. OTP, Hungary's biggest ...
[Reuters - UK Focus] - British authorities have arrested a suspect in connection with a cyber attack that infected nearly 1 million routers used to access Deutsche Telekom's internet service, German federal police said on Thursday. Britain's National Crime Agency detained the 29-year-old Briton at one of London's airports on Wednesday, the police said in a statement. Deutsche Telekom welcomed the arrest and said it was considering bringing civil charges against the suspect.