Webwire: Essar controlled loop – statement; STC, Mobily launch LTE

Staff writer
15 Sep 2011

Former Loop chief asserts Essar control

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.

Hindustan Times

STC, Mobily launch LTE services

Saudi Telecom and rival Mobily have launched competing LTE services. The operators together capture around 80% of Saudi Arabia's mobile subscribers.


Facebook said to postpone IPO until late 2012

Facebook now favors delaying any IPO until at least September next year, in order to maintain its focus on product developments, according to sources.

Financial Times

First Windows 8 PCs to use Snapdragon chips

Qualcomm has partnered with Microsoft to provide its Snapdragon chipsets for the first generation of Windows 8 PCs


Motorola's Jha in for $66m golden parachute

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.

Washington Post

Paypal demos physical store payment system

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.

All Things Digital

UK govt accused of inertia on cyber protection

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.

BBC News

Dutch vendor unveils solid gold phone

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.


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