Webwire: RCom to list FLAG on SGX; LG launches LTE tablet
January 19, 2012
India's Reliance Communications plans to list its subsea cable business FLAG Telecom on the Singapore stock exchange, hoping to raise up to $1.5 billion to address its mounting debt burden.
LG Electronics has launched its first LTE tablet, the LG Optimus Pad LTE, initially in its home market of South Korea.
Samsung has never considered acquiring RIM and is not in talks with the BlackBerry maker over a deal, a Samsung spokesperson said, denying the rumors circulating the internet this week.
Saudi Arabia's Mobily has reported a 16% increase in Q4 net profit to 1.69 billion riyals ($450.6 million), from revenue of 20.1 billion riyals.
China Unicom's strategy of offering low-cost smartphones up to 80% cheaper than the iPhone has helped the operator attract more than 2 million new 3G customers per month since August.
UK mobile operators are pressuring Nokia to reduce the price of its Lumia 710 smartphone - which will launch in the market within weeks - after sluggish sales of an earlier high-end Nokia handset.
China's Ministry of Commerce is “strongly opposed” to the US including Taobao on a list of “notorious markets” for piracy, with a spokesperson for the Ministry stating the move is “irresponsible and not objective.”
Andrew Crossley - the solicitor behind controversial legal firm ACS:Law, which sent thousands of letters threatening to sue accused file-sharers if they did not pay a settlement – has had his license to practice law suspended for two years.
First revenue drop in 13 years signals that smartphones and tablets are reaching market maturity