Indian state-owned operator BSNL is likely to abandon a GSM equipment tender that had been estimated to be worth up to 60 billion rupees ($1.26 billion), due to lack of interest from private vendors, officials say.
Japan's main defense contractor, Mitsubishi Heavy Industries, has been hit with a cyber attack that reportedly targeted submarine, missile and nuclear power plant component facility data. It is the first time Japan's defense industry has fallen victim to a detected attack.
HP has commenced laying off more than 100 employees at its Palm division, following the decision to shutter WebOS hardware development, sources say. HP has confirmed a workforce reduction is underway.
France Telecom has commenced the process to sell its Orange Swizerland mobile division, probably to a private equity buyer, in a transaction that could fetch more than €1.5 billion ($2.06 billion).
Subsidiaries of China Telecom and Huawei plan to build a nearly $100 million subsea cable between Australia and New Zealand, with physical work set to begin by the end of the year.
Verizon Wireless has formally started throttling heavy 3G users – those consuming more than around 2G of data per month - while they are on already congested cell sites.
New Zealand wireless broadband provider Whoosh has been bought out by US-based Craig Wireless for $5.5 million.
Google has revealed that the upcoming Ice Cream Sandwich release of Android will allow mobile phone users to install apps developed for the Honeycomb tablets-only build.
MasterCard has shown off a very early prototype of technology that would allow consumers to purchase products by waving at their TV screen. The prototype uses Microsoft's Kinect sensor to register the gestures, but may not be commercially available until similar technology is in TVs.
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