FASTTAKES: NTT DoCoMo, Google, Foxconn, Optus, Pacific Crossing, NSN

Staff writer
03 Aug 2010
00:00

NTT DoCoMo has bought multimedia software firmPacketVideo from NextWave Wireless, agreeing to pay $111.6 million for the 65% it didn’t already own. The Japanese carrier – which acquired 35% of PacketVideo in July 2009 - expects the deal to close by September 30.

Google’s new Q&A service was inaccessible yesterday to mainland China users, WSJ reported.

Foxconn began production of iPhones at a new $100m factory in Henan, central China – its first away from the southern coastal provinces. Foxconn has resumed manufacturing at its Indian plant, after work was suspended following health complaints from workers.

Optus has begun a A$25m ($23m) cable broadband upgrade for the Australian east coast, with plans to offer speeds of up to 75Mbps.

Pacific Crossinghas upgraded its trans-Pacific PC-1 cable from 1Tbps to 1.3Tbps, the NTT Com-backed company said. A further upgrade is scheduled for later in 2010.

HP has settled with the US Department of Justice over a kickback investigation. The settlement is likely to impact earnings by around 2 cents per share, but is not an admission of guilt, the company said.

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