FASTTAKES: Sohu, News Corp, Vimpelcom, Nokia Siemens, 2degrees, PCCW Global, Cisco

Staff writer
10 Aug 2010
Daily News

Rupert Murdoch’s News Corp has sold off controlling stakes in three Chinese TV channels as it revamps its China operations once more. News will sell the holdings to China Media Capital (CMC), a fund backed by the state-owned Shanghai Media Group, China’s second largest media firm, and set up a JV with CMC.

Chinese portal Sohu has agreed to sell 32% of its Sogou search business to investors including the Alibaba Group and a fund backed by CEO Charles Zhang.

Russia's Vimpelcom has completed a mandatory squeeze-out of all shares and ADRs of OJSC Vimpelcom.

Nokia Siemens Networks will deploy a LTE network for Telefónica O2 in Germany.

PCCW Global has upgraded its IP service suite to run IPv6 services alongside the current IPv4 set-up via a single connection.

New Zealand mobile operator 2degrees has launched its first 3G handsets, after going live with 3G last week.

Cisco has been contracted to install an IP phone network at the Hong Ngoc Hospital, Vietnam’s first private hospital.

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