FASTTAKES: Telstra, NTT, Cisco, WTO, SK Telecom

Staff writer
10 Nov 2009
00:00
News
Daily News

David Moffatt, Telstra’s consumer group MD, and a former contender for the CEO post, will exit the company at the end of November. Glenice Maclellan, the head of category marketing and operations in the consumer division, will take over as acting group MD.

Japan's NTT said net income fell 34.9% to 36.51 billion yen ($405.8 million) for the six months ending in September, due to declining service revenue.

Privacy experts from 50 countries have developed a draft agreement on international privacy protection standards, and will work to convince nations worldwide to adopt them.

Cisco has extended the deadline for acceptance of proposal to acquire of Tandberg, and is rumored to be considering raising its offer, in what is likely a response to complaints from Tandberg shareholders over the size of the bid.

Internet censorship could be open to challenge under WTO rules as restraint of online services trade, according to a study by think-tank ECIPE.

Korean based social network Cyworld, owned by SK Telecom, will close its US service three years after launch, having failed to attract a large audience. SKT invested around $10 million on its US foray.

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