FASTTAKES: Telecom NZ, Palm, Hathway

Staff writer
12 Feb 2010

Telecom New Zealand’s December quarter sales fell 6.5% year-on-year to NZ$1.3 billion ($905m), with ebitda down 1.7%. It expects ebidta growth to be in the lower half of its forecast due to the downturn and January’s XT mobile outage.

European MPs slated Nokia Siemens for allegedly providing surveillance technology to Iran. Nokia Siemens denied the claim.

Palm has suspended production over the Chinese New Year and will resume at the end of February, Reuters reported.

The number South Korean smartphone users has topped 1 million. KT is said to have 440,000+ smartphone customers, including more than 320,000 iPhone subs, and SKT 550,000.

The IPO of Indian cable TV firm Hathway Cable & Datacom has closed 1.36 times oversubscribed, said Indian Television. The firm hopes to raise up to $160 million in proceeds.

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