Webwire: Facebook valued at $70b; Apple may launch mid-range iPhone

Webwire: Facebook valued at $70b; Apple may launch mid-range iPhone

Dylan Bushell-Embling  |   June 28, 2011
telecomasia.net
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The latest purchase of Facebook shares, by investment fund GSV Capital, values the social networking site at around $70 billion.
 
A financial analyst expects Apple to launch a mid-range iPhone, possibly named the iPhone 4S, as well as the anticipated high-end iPhone 5 in September.
 
Two companies, Sina and Tencent, are vying to become China's Twitter and Facebook, with Tencent challenging Sina's microblogging leadership while both explore new social media services.
 
A consortium including BT, Microsoft, Sky and the BBC will tomorrow commence a trial of “super Wi-Fi” using white space spectrum in Cambridge, UK.
 
Huawei has conducted an LTE installation for Telenor at the world's northernmost town, the Arctic settlement of Longyearbyen, which has an average winter low temperature of -21°C (-6°F).
 
Nokia Siemens still has a number of options available to it, a Nokia spokesperson said in response to speculation that plans to sell the JV to private equity firms have not led anywhere.
 
Motorola Mobility and Motorola Solutions are along the investors in a $24 million funding round by US-based mobile payment company ViVOtech.
 
HTC has opened a UK office that will serve as the smartphone vendor's European hub. The office currently employs 150 staff, and the company plans to double this over the next 12 months.

 

Dylan Bushell-Embling