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  • European network investment is being hindered by stringent regulation in the region, according to leading sector groups.
  • Nokia has appointed Stephen Elop as president and CEO. He replaces Olli Pekka Kallasvuo, who has held the position since 2006, and Elop is charged with heading the company’s transformation as it sets out to compete with Apple and Google. Prior to joining Nokia, Elop headed Microsoft’s business division, and has held positions in numerous US software companies, including Juniper Networks.
  • Cable&Wireless Worldwide (CWW) has been granted an extension for potential bidders, namely Tata Communications and Vodafone, to make an offer for the company.
  • Eight state-owned telcos in Latin America have founded an initiative to compete with private companies on the continent.
  • Global mobile data traffic will more than double in 2012, according to Cisco’s visual networking index.
  • M2M specialists Comms365 have appointed Stratic Scleparis as chairman. He will be responsible for maximizing niche markets and work on the company’s technical roadmap. Scleparis has previously held CTO roles at BT, Freeserve and the BBC. Mike van Bunnens, MD at Comms365 said: “Bringing on board someone with Stratis’ experience was the next logical step.”
  • Insight Research estimates that global communications spending will amount to 5.8% of global GDP in 2012.
  • The GSMA has repeated its concerns over European Union plans to extend price caps on roaming charges.
  • The GSMA has repeated its concerns over European Union plans to extend price caps on roaming charges.
  • Local sources report that América Móvil’s Brazilian arm, Embratel Participacoes, will buy Brazilian broadcaster Globo Comunicacao e Participacoes’ shares in cable-co, Net Serviços de Comunicação, securing control of the company.