Webwire: Vodafone fights new India tax claim; Google cuts its losses on Clearwire

Staff writer
telecomasia.net
Vodafone has initiated another tax battle with the Indian government, this time over “transfer pricing issues” in a tax demand covering a transaction between Vodafone India and other Vodafone group companies.
 
Shares in US wireless broadband operator Clearwire slumped 6.8% on Friday, after Google revealed it plans to sell its 6.5% stake in the operator for $1.60 per share – less than a tenth of the price it paid for them.
 
Indonesia's PT Dian Swastatika will pay 1 trillion rupiah ($111 million) in convertible bonds for a 15.4% stake in CDMA-based carrier PT Smartfren Telekom.
 
Cybersecurity researchers have discovered an exploit in the Android OS enabling malicious hackers to take control of a user's phone, if they click on a web link in a spoofed email or SMS.
 
Apple will buy Chomp, an Australian mobile search engine start-up, for a reported $50 million.
 
Bradley Manning, the US army intelligence analyst accused of transferring thousands of classified or confidential documents to Wikileaks, has deferred a plea in his first court-martial hearing.
 
Hollywood studios are becoming encouraged by the growing proliferation of movie and TV streaming services, believing that more competition makes it easier to get a better content deal.
 
Irish cable TV and broadband provider UPC Ireland lifted its broadband subscriber base by 28% and its telephony subscriber base by 68% during 2011.

Commentary

Is the digital bubble about to burst?

The performance pressure being felt across the range of digital services cannot be underestimated

The performance pressure being felt across the range of digital services cannot be underestimated

Samit K Deb

With Myanmar’s telecom penetration already above 75%, operators should focus on the enterprise segment for continued growth