NTL Ireland reported a 45% increase in profits on revenue of €25.2m for the third quarter, compared with the same quarter in 2001.

Telewest (London:TWT.L) announced on Thursday that it would be cutting 1,500 jobs in an effort to save up to £50m (€81m) a year.

Alcatel said it signed an agreement with the Orange Sverige consortium to supply a UMTS third-generation mobile phone network.