FASTTAKES: China Telecom, Facebook, HTC, Micromax, TPG, DoT

Staff writer
22 Sep 2010

Twitter was hacked after a script flaw in its old web interface opened up when users hovered their mouse over a link, allowing the spread of worms and prank messages.

Twitter apologized over the incident and said it had fixed the flaw.

HTC will trial TD-LTE handsets on FarEasTone's experimental TD-LTE network in northern Taiwan from next month.

Australia's TPG Telecom has reported a 216% increase in FY10 profit to $55.7 million. Recently acquired backhaul operator PIPE networks contributed $7.3 million to this bottom line.

Private equity firms Sandstone Capital, Sequoia Capital and Madison Capital have purchased a minority stake in Indian handset maker Micromax in a deal valuing the company at around 20 billion rupees ($438.8 million).

India's public accounts watchdog has warned telecom ministry DoT against relaxing M&A rules, claiming that mergers would create entities with more spectrum than allowed by law.

Adobe lifted earnings 69% but its stock fell on weaker sales forecast, WSJ reported.

Facebook has opened an advertising office in Singapore, which will be the center of its South-East Asia sales operations.

China Telecom has deployed a CDMA-based push-to-talk solution from Alcatel-Lucent Shanghai Bell.

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