Webwire: Australia wants $4.3b from 4G bids; RCom Q3 net falls 61%

Staff writer
13 Feb 2012

Australia targets $4.3b from 4G auction

The Australian government hopes to raise A$4 billion ($4.27 billion) from the November auction of 700-MHz and 2.5-GHz spectrum.


RCom Q3 profit slumps 61%

India's Reliance Communications has reported a 61% slump in fiscal Q3 profit to 1.86 billion rupees ($37.57 million), due to growing costs coupled with declining revenue.

Wall Street Journal

Apple sues again to block Samsung phone in US

Apple has filed a fresh legal challenge against Samsung in the US, this time seeking to block sales of the Galaxy Nexus in the market.


Google Wallet suspends prepaid after exploit found

Google has temporarily suspended prepaid provisioning of debit cards linked to its Google Wallet NFC service, after security researchers discovered ways to gain unauthorized access to users' funds by forcing a reset of the PIN protecting a handset.


RIM aims to double footprint in India

RIM hopes to double its footprint in India, aiming to increase its presence to 160 cities. The company currently has around 4,000 retail points of presence in the nation, and three national distributors.

Economic Times

Telus reports 5% profit growth for Q4

Canada's Telus lifted its Q4 profit 5% to $237 million, but just missed analysts' lofty expectations with the result.

Financial Post

Etihad Etisalat secures $2.7b loan

Saudi Arabia's Etihad Etisalat has secured a 10 billion riyal ($2.67 billion) loan facility from several major banks, as part of a debt restructuring exercise.

CBS News

Vodafone names chair for Vodafone India

Vodafone has appointed entrepreneur Analjit Singh as the new non-executive chairman of Vodafone India, effective from this Thursday.

Business Standard

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