RCom shelves subsea cable IPO plan
India's Reliance Communications has indefinitely postponed plans for a $1 billion IPO of its subsea cable unit in Singapore, blaming unfavorable market conditions.
MS posts first ever quarterly loss
As predicted, Microsoft has reported its first-ever loss in 26 years as a public company, after ending the June quarter $492 million in the red due to the $6.2 billion aQuantive writedown.
Samsung/Apple legal fight in AU begins
The legal battle between Apple and Samsung has commenced in Australia, in a trial expected to run until October.
Revised Indian spectrum price still too high: GSMA
The empowered group of ministers tasked with formulating the pricing and terms for a 2G auction has shaved the recommended reserve price from the proposal given by regulator Trai – but the GSMA has insisted that the revised cost is still “prohibitively high.”
ACCC clears $830m Optus-NBN deal
Australian regulator ACCC has cleared the deal between Optus and NBN Co for Optus to shutter its HFC network and migrate the users to the NBN in exchange for A$800 million ($829.8 million). But the political opposition has derided the decision as a “black day” for competition.
ITC dismisses Kodak suit against Apple, RIM
Eastman Kodak has lost its patent battle against Apple and RIM, with the US ITC dismissing the infringement claims based on a patent for previewing images with a digital camera.
Google-EC settlement may include Android changes
The EC is reportedly pressing Google to make changes to Android as part of its settlement deal to dismiss an antitrust probe into the company's search business.
PLDT in advanced talks for GMA buyout
Philippines operator PLDT is in the final stages of negotiations to buy a controlling stake in broadcaster GMA Network at an above market cap price.