India's Essar Group controlled Loop Telecom at the time the latter bid for and won 2G spectrum, according to a court-admissible statement from the former Loop chief. The Central Bureau of Investigation has been probing allegations of such control, which would be in contravention of market regulations.
Saudi Telecom and rival Mobily have launched competing LTE services. The operators together capture around 80% of Saudi Arabia's mobile subscribers.
Facebook now favors delaying any IPO until at least September next year, in order to maintain its focus on product developments, according to sources.
Qualcomm has partnered with Microsoft to provide its Snapdragon chipsets for the first generation of Windows 8 PCs
Motorola Mobility CEO Sanjay Jha will be eligible for a $66 million golden parachute payment – including $13.2 million in cash - if Google succeeds in acquiring the company.
Paypal has provided a sneak peak of its payment system for brick and mortar retailers, demonstrating a solution that will not require stores to upgrade their infrastructure to accept PayPal payments.
A think-tank has accused the UK government of failing to adequately protect critical infrastructure such as power and water systems from cyber attacks, and also criticized the preparedness of the private companies that own the assets.
Danish retailer Aesir has developed an 18-carat solid gold mobile phone. The $57,400 handset, which lacks any extra applications such as email or GPS, will be marketed to Russia's nouveau riche.