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We celebrated a year of successes and achievements in wholesale telecoms last night, as Capacity presented its 2011 Awards at Capacity Europe.

Widespread consolidation, investment in new services and an expansion of network capacity does not happen without raising capital. Telecoms is proving big business and it is continually adding value as a major sub-sector of the world economy. Kavit Majithia asks how telecoms operators manage financing requirements.

Telecom Italia chairman Franco Bernabe has told an Italian Senate committee that job cuts will be necessary following a fall in demand for fixed-line access and fewer broadband lines.

Stateside, wholesale transport migration has accelerated this year, as shown in the latest edition of ATLANTIC-ACM's Metro Wholesale Carrier Report Card.

Huawei has appointed Phil Tarling as VP of group internal audit at the company’s Internal Audit Centre in Basingstoke.

NTT Europe has announced that it has expanded the reach of its tier 1 global IP network in Europe with new PoP locations in Budapest, Bucharest and Sofia.

Telecom Italia subsidiary, TI Sparkle has appointed Riccardo Delleani as its new CEO. Delleani has almost 24 years experience in the telecoms industry, on both the technical and managerial sides of the business. His most recent position involved overseeing Telecom Italia’s open access function, which is responsible for provisioning network access services and technology to Telecom Italia and all other Italian alternative operators.Speaking about his appointment Delleani said: "Sparkle is a company with strong potential for further growth. I am very excited about this new challenge and I expect a very engaging and fun time ahead of me."

Hi3G Access Sweden, the mobile subsidiary of Hutchison Whampoa, has launched a combined FDD/TDD 4G LTE network in partnership with Chinese technology provider ZTE. The company claims that it is the first commercial implementation of LTE FDD/TDD dual-mode technology.

Michael Knobel is president and COO of the facilities-based carrier Nobel Globe, which was founded in 1998. Nobel established its operational headquarters in Bucharest in 2002 and Michael began running the operations and carrier group out of Romania in 2004.

Global Capacity, which provides an automated pricing and ordering platform for carriers, has said it has now integrated Ethernet services into its offer.