Webwire: Alca-Lu takeover rumors; Du profit soars

Melissa Chua
04 Mar 2011
00:00

Alca-Lu shares jump on takeover talk

Shares in Alcatel-Lucent soared to a year-long high on “vague” rumors that the vendor may receive a takeover bid from a Chinese company.

Reuters

The Street

 

Royalty fee cut helps Du profit explode

The UAE's Du posted a full-year profit of 1.31 billion dirham ($357 million), from just 254 million dirham the year before, as the operator reaped the benefits of a reduction in royalty fees.

Arabian Business

 

Bharti launches 3G in Delhi

India's Bharti Airtel has launched 3G services in four cities in the Delhi circle, one day after going live in the Northern Indian city of Jaipur.

Economic Times

 

e-book publishers raided in EU probe

EU antitrust officials have raided a number of European publishers, in search of evidence that they colluded to fix prices in the e-book market. At least two French publishers said they had been visited.

Wall Street Journal

 

Wikileaks soldier charged with aiding the enemy

Bradley Manning, the US soldier accused of leaking volumes of government documents to Wikileaks, has been charged with 22 more offenses - including the capital offense of “aiding the enemy.”

Sky News

 

China's Xunlei plans $200m US IPO?

Sources say Chinese video and music filesharing company Xunlei Network Technology, which is partly owned by Google, hopes to raise $200 million in a US IPO sometime this year.

Bloomberg

 

French rivals sign 2G-3G roaming deal

France Telecom's Orange and rival Iliad have signed a 2G-3G roaming agreement, which will take effect when Iliad's Free Mobile network covers 25% of the French population.

Dow Jones

 

MNP a killer for Reliance, BSNL

Millions of subscribers have quit Indian carriers Reliance and BSNL since mobile number portability launched late January, official figures show. Vodafone Essar, Idea Cellular and Bharti Airtel are the biggest winners.

Hindustan Times

 

Beijing mobile monitoring cleared

Privacy advocates have voiced concerns over the Chinese government’s green light for a traffic monitoring scheme in Beijing that relies on tracking 17 million China Mobile customers.

eWeek Europe

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