FASTTAKES: Emirates, Reliance, Vodafone Essar, Apple, Zain

Staff writer
14 Oct 2010


UAE-based Emirates Telecom is seeking more than $9b in loans to finance its purchase of a stake in Kuwaiti telco Zain, Bloomberg reports.


Worldwide PC shipments in the third quarter fell well short of forecasts, Gartner said, blaming soft consumer demand in Europe and the US. Sales rose 7.6% to 88.3m units, against a forecast of 12.7%.


Indian cellcos Reliance and Tata Teleservices are negotiating with Apple to sell a CDMA version of the iPhone, reports.


Nokia Siemens Networks will upgrade Vodafone Essar’s 2G network to 3G in six circles in India.


Apple's share price hit a record $300 in early trading in the US Wednesday after it announced an announcement related to its Mac OS, and analysts predicted 3Q revenues of $19 billion, reported.


Zain has reported a 411% increase in net profit to 970m dinar ($3.37b) for the first nine months, thanks to a 770.3m dinar capital gain from the sale of its African assets to Bharti Airtel.


Nearly 300,000 mobile phones have been disconnected from their networks in India since the government started requiring verification of customer details.


Staff writer

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