Webwire: RCom shelves subsea cable IPO; MS posts first loss

Staff writer
23 Jul 2012
00:00

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.

Reuters

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.

New Zealand Herald

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.

Bloomberg

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.”

Economic Times

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.

Australian Associated Press

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.

All Things Digital

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.

BBC News

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.

ABS CBN News

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