Webwire: Etisalat to sell XL Axiata stake; True Move won't delay 3G bid

Staff writer
13 Sep 2012
00:00

Etisalat to sell XL Axiata stake for up to $502m

The UAE's Etisalat plans to sell most of its stake in Indonesia's XL Axiata for as much as $502 million. Etisalat invested $440 million in the operator four years ago, as part of its partnership with Malaysia's Axiata.

Reuters

True Move has no plans to delay 3G auction

True Move chief Suphachai Chearavanont has dismissed suggestions that the Thai operator may seek to delay the nation's upcoming 3G auction, insisting that the company is ready and willing to bid.

Bangkok Post

Google denies deceptive ad conduct in AU

In testimony to Australia's High Court, Google has denied engaging in misleading or deceptive conduct by allowing advertisers to use their rivals' brand names in the headline of Google search ads that redirect to the sponsors' websites.

Sydney Morning Herald

NBN Co to redraw wholesale pricing plan

Australia's NBN Co plans to redraw its pricing plan for wholesale access to the National Broadband Network, following extensive consultations with operators and regulators.

Australian Associated Press

Indian banks still averse to telecom loans

India's Uninor has complained that the nation's banks are still reluctant to lend money to telecom operators, calling for looser restrictions on external commercial borrowings to let the industry compensate for this.

Business Standard

Pirate Bay co-founder arrested in hack probe

After being extradited from Cambodia to Sweden to serve a prison sentence, Pirate Bay co-founder Svartholm Warg has been arrested over a fresh investigation, this time into hacking allegations.

Associated Press

Student develops portable phone-based EKG

Catherine Wong - a 17 year old student from the US - has developed a prototype portable electrocardiogram device capable of connecting to mobile phones via Bluetooth, transmitting data via cellular networks and outputting the rhythm of the heartbeat on the handset's screen.

NBC News

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