Small US cellco Leap Wireless has hired Goldman Sachs to help it find a buyer or arrange a merger, WSJ reports.

 

The number of young internet addicts in China has doubled in the past four years to 24 million by 2009, according to the China Youth Association for Network Development.

 

Telecom New Zealand will reimburse 215,000 customers affected by the recent XT network outage to the tune of NZ$5 million ($3.6m). 

 

Japan's Financial Service Agency has begun a preliminary probe into whether KDDI’s plan to buy a 38% stake in cable TV operator Jupiter Telecom contravenes the law. Under the Financial Instruments and Exchange Law, a deal to acquire more than 33% of a listed company’s stock has to be conducted via tender.

 

Bangladesh cellcosGrameenPhone and Banglalink plan to share network infrastructure in rural areas, according to the Daily Star.

 

Orascom Telecom’s mobile subsidiary in North Korea, Koryolink, has attracted 100,000 customers in its first year, ending December 2009, said FT.com.

 

Wireless technology developer InterDigital has appointed former StarHub boss Terry Clontz as chairman, replaced Harry Campagna who recently passed away. Clontz has been a director since 1998.