FASTTAKES: Verizon, NEC, LGE, Hutchison, Samsung

Staff writer
29 Apr 2010

Verizon Business has opened a 3,000 sq m data center in Hong Kong, its second in the territory. The new facility, in Tsuen Wan, features ROADM technology and connects to local carriers and Verizon’s global network. It is also offering a data center consulting service.

NEC said it has been named “development and manufacturing vendor” for NTT DoCoMo’s 1.5GHz remote radio equipment (RRE) for LTE base stations. NEC has also forecast 2.2% lower sales for the year to March.

LG Electronics swung into the black posting a 675 billion won ($607.5m) first quarter net profit, but its handset arm posted a 19.4% decline in sales.

Hutchison Telecommunications International (HTIL) investorsshould accept Hutchison Whampoa’s proposed $545m privatization bid, said advisory firm Glass, Lewis & Co.

Ten commercial banks in South Korea have announced plans to launch a unified m-banking platform for Samsung’s Omnia smartphones,reports the Korea Herald.

The Bangladeshi government has ditched plans to hand out 40MHz of 3G spectrum via a beauty contest. Instead, it will auctionthe spectrum or charge for frequencies on a per MHz basis, said the Daily Star.

Far EasTone will set up a subsidiary in China, said Digi Times.

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