FASTTAKES: Telenor, Baidu, Ericsson, Sprint Nextel, TringMe

Staff writer
20 Oct 2009
00:00

Norway's Telenor has received regulatory approval to increase its stake in Indian operator Unitech Wireless to the planned 67.25%. Telenor hasn't revealed whether it will increase its stake to 74%, the maximum allowed with the new approval.

The FBI has filed charges against six people connected with US hedge fund Galleon. The defendantswereallegedly involved in insider trading on a number of Silicon Valley companies including Intel, Clearwire and Google.

Chinese search leader Baidusaid it had won a contract to provide search for China Unicom 3G subscribers.

Ericsson has signed a three-year agreement to co-develop mobile applications with Chinese social networking site Kaixin001.

US operator Sprint Nextel has purchased its wireless affiliate iPCS for $831 million. The sale includes iPCS' 700,000 wireless subscribers and 270,000 wholesale customers.

VoIP startup TringMe has launched a Facebook app that allows user-to-user calls.

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