Webwire: Airtel in laundering probe; Thai 3G bid details cleared

Staff writer
16 May 2012
00:00

Bharti Airtel probed for money laundering

India's Enforcement Directorate is probing Bharti Airtel over allegations of money laundering and infringement of rules governing foreign exchange usage. Bharti has denied any wrongdoing.

Economic Times

NBTC panel OKs draft 3G bid framework

A committee within Thai regulator NBTC has approved the draft framework for the long-awaited 2.1-GHz 3G auction, but has failed to come to an agreement on a reserve price.

Bangkok Post

COAI slams India spectrum recommendations

The industry body representing Indian GSM operators, COAI, has slammed the new regulatory recommendation to charge a lower base price for CDMA spectrum than GSM airwaves as "flawed and biased" toward dual-technology operators.

Times of India

Facebook raises IPO price targets

Facebook’s potential value continues to rise, hitting a range of $93 billion to $104 billion after the firm increased its target price range for a forthcoming IPO.

Reuters

Google said to tweak Android hardware plan

Sources claim Google plans to alter its strategy for Android, providing early access to new builds of the OS to multiple vendor partners, rather than just one.

All Things Digital

Apple readies iCloud updates

Apple is preparing to beef up its iCloud service with a new picture sharing function that allows users to comment on photos posted by other users.

Wall Street Journal

Third Point gains on Yahoo chief’s departure

Yahoo shareholder Third Point is reckoned to have made $122 million on share-price rises in the wake of the departure of chief executive Scott Thompson.

Bloomberg

Siri answer to best smartphone query changed

Nokia has accused Apple of overriding Siri software to modify its response to the query “what is the best smartphone ever,” after it was discovered that Siri would respond by naming the Nokia Lumia 900.

BBC News

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