Webwire: OTE profit falls 54%; Vimpelcom to buy NTC

staff writer
telecomasia.net
Greece's OTE said its first-quarter profit slumped 54.1% to €30.2 million ($43.3 million), on sliding revenues at mobile division Cosmote.
 
Vimpelcom will buy the 90% of eastern Russia's NTC held by Korea Telecom and a Sumitomo subsidiary for $420 million, then mount a compulsory acquisition offer for the remaining shares.
 
India's Bharti Airtel is blaming “an unforeseen technical outage” for a network failure last week which disrupted mobile services for a reported 8 million of its customers for several hours.

Canadian researchers have demonstrated a prototype smartphone built from flexible electronic paper, that is controlled through bending and folding the material.
 
Foxconn hopes to start assembling iPads in Brazil by July as part of the $12 billion investment plan under consideration, but is still negotiating with the government on tax breaks and faces other hurdles in a country with very high labor costs and an overvalued currency.
 
The iPad 2 officially debuted in China on Friday to the typical long queues, particularly outside Apple's downtown Beijing store.
 
Singapore's opposition party made the strongest inroads since independence during Saturday's vote, during a campaign transformed by social media and loosened restrictions on election-related internet discourse.
 
The Mexico City government will use SMS and social networks including Facebook and Twitter to provide early warnings of incoming earthquakes.

Commentary

IoT: believe the hype, just don't confuse it with reality

John C. Tanner

Just don’t confuse it with reality. The future of IoT is inevitable, but the details are set in the stone. And that’s cool

John C. Tanner

Just don’t confuse it with reality. The future of IoT is inevitable, but the details are set in the stone. And that’s cool

Tony Poulos

To prepare for the future, look back to the past and ditch what didn’t work. Let’s start with all the dithering over net neutrality and OTT