Let's Gowex auditor MIA; Portugal Telecom faces shareholder lawsuit

> Carphone Warehouse is reportedly in talks with 3 UK on setting up an MVNO in the market, raising questions over its existing wholesale deal with Vodafone. Article

> Greek pay-TV provider Forthnet said it had received a joint takeover bid from Vodafone and its Greek business partner Wind. Article

> U.S. hedge fund Elliott is demanding higher compensation for minority shareholders in a squeeze-out of Kabel Deutschland by Vodafone. Article

> Several minority shareholders in Portugal Telecom are reported to be preparing to sue the board over its decision to buy debt from Rioforte, a holding company of the troubled Espirito Santo family. Meanwhile Fitch Ratings downgraded Oi and PT to junk after Rioforte defaulted on the debt repayment. Article

> Hutchison Whampoa has reportedly revived talks with VimpelCom to merge their respective Italian units 3 Italia and Wind. Article

> Kazakhstan-based operator KCell said its first-half 2014 net profit increased by 10.1 per cent year-on-year to 32.147 billion tenge (€129 million/$175.2 million), driven by expansion of its data services. Article

> Zain Kuwait said its second-quarter net profit fell 2 per cent, in line with expectations. Meanwhile Zain Saudi said its Q2 loss narrowed slightly following cost cuts, among other factors. Article

> Spain's High Court said the judge investigating the collapse of Let's Gowex had issued a search and detain warrant for the company's auditor, who had gone missing. Article

> Millicom reported an unexpected rise in second-quarter core profit, and repeated its outlook for 2014. Article

> Sweden's Tele2 said its second-quarter performance benefited from mobile data use, but said full-year revenues would be hit by a devaluation in Kazakhstan and lower handset sales. Article

And finally...Are you allergic to your mobile device? Dermatologists released a report this week suggesting an 11 year old boy got a rash from his iPad. Article

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