Webwire: BSNL targeted by cable thieves; Elliott buys C&WW stake
Indian state-owned operator BSNL seems to be the target of a co-ordinated racket - involving some staff members - to steal fiber cables in areas undergoing maintenance and roadworks.
Hedge fund Elliott Management has reportedly started acquiring a stake in Cable & Wireless Worldwide, which may affect the brewing bidding war for the operator between Vodafone and Tata Communications.
Research firm Berg Insight expects 100 million NFC-enabled smartphones will be sold this year, up from 30 million in 2011. Sales are also forecast to reach 700 million by 2016.
Facebook has snapped up 750 IBM patents covering networking and software, as it seeks to build its defenses against a Yahoo patent suit.
Yahoo is responding to shareholder pressure with the appointment of three new independent directors.
Nokia plans to sell a $99.99 Windows Phone in the US through operator AT&T, in a challenge to Apple's and Android's dominance of the market.
Australian ISP iiNet and recently-acquired subsidiary Internode have arranged to offer their respective content libraries unmetered to each others' subscribers.
Rovio's new Angry Birds Space mobile game was downloaded 10 million times in less than three days on the market.