FASTTAKES: Nokia, Telkom, Baidu, TRAI, Bharti Airtel

Staff writer
09 Jun 2010

Nokia is paring back orders for the September quarter because of “continued share loss,” says Rodman & Renshaw analyst Ashok Kumar.

Indonesian telco Telkom announced plans to raise $324.7m in bonds for capex, including for fixed wireline and wireless purposes.

Following Google’s exit, Baidu aims to raise its share of China's search market to 79% next year, a senior executive said Tuesday.

The Telecom Regulatory Authority of India will examine how efficiently operators are using 2G spectrum over the next three to four months, TRAI chairman J.S. Sarma told Business Standard.

German players at the World Cup have been issued with new cell phones that don’t work properly. The players have had to resort to calling each other on their hotel room phones, Reuters reports.

Bharti Airtelsaid it has completed its deal to acquire the African mobile assets of Kuwait-based Zain for an enterprise value of $10.7b.

Symbian and Baidu are to develop Baidu’s “box computing” for the Symbian platform.

Global mobile payments are set to surge from $68.7b in 2009 to $633.4b by 2014, according to Portio Research.

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