NFC coming to Singapore this month
The consortium involving Singapore's three mobile operators and their payment industry partners will launch the city state's NFC mobile payment service by the end of the month.
China Telecom may pay $19b for parent's 3G assets
Sources say China Telecom plans to spend over 120 billion yen ($18.83 billion) to acquire its parent entity's 3G assets, a price that is beyond the book value of the infrastructure.
Tower Bersama closes Indosat tower buy
Indonesia's Tower Bersama has completed the $406 million acquisition of 2,500 PT Indosat telecom towers. The deal increases the company's total number of towers owned by nearly 50%.
OpenNet appeals new NG-NBN QoS standards
OpenNet - the network company for Singapore's NG-NBN - has appealed a regulatory order imposing new standards requiring the company to fulfil 98% of residential orders for access within three days, stating that the ruling amounts to rewriting the original contract.
HTC posts third straight quarterly profit drop
Taiwan's HTC has reported a third consecutive quarter of declining profit, with a 58% slump in the second quarter to TW$7.4 billion ($247.1 million).
TSMC invests $1.04b in ASML in R&D deal
Taiwanese chipmaker TSMC has agreed to invest €838 million ($1.04 billion) in Europe's ASML, as part of a collaboration to developed advanced semiconductor manufacturing technologies.
Microsoft dumps Metro name for Win 8 UI
A leaked Microsoft memo indicates that the company has decided to drop the Metro name for the tile-based Windows 8 interface due to a potential copyright dispute with an “important partner,” believed to be German retail giant Metro AG.
Telecom NZ loses appeal against $10m fine
Telecom NZ has lost an appeal against an NZ$12 million ($9.8 million) fine imposed on the company for allegedly breaching of competition law, by charging rivals disproportionately high prices for wholesale access to its network between 1999 and 2004.