The result in turn is a range of mobile wallet payment systems in Austria, France, Turkey and elsewhere.

FORBES: Written by Marty Beard

Carriers are probably looking for at least a 70-30 split, says Boris Nemsic, chief executive of Telekom Austria Group, a European telecom company with 11 million mobile customers.

FORBES: Magazine Article

"Apple is brilliant on interface and usability, but in Europe, phones are so heavily subsidized, there's a perception that they're worth nothing, " says Boris Nemsic, chief executive of Telekom Austria Group, a European telecom company with 11 million mobile customers.

FORBES: iPhone's U.K. Invasion

The deals with Olivetti mean it now controls two of the three largest mobile networks in Europe (see chart) as well as promising ventures in France and Austria.

ECONOMIST: Pain and pleasure in Germany