Webwire: HTC worth more than Nokia; Essar wants $700m extra from Vod

Dylan Bushell-Embling
telecomasia.net
HTC has overtaken Nokia by market value to become the world's third most valuable smartphone maker worth around $33.8 billion.
 
India's Essar group is asking for a $600 million to $700 million increase to the $5 billion it will receive http://www.telecomasia.net/content/vodafone-buy-out-essar-jv-5b for its 33% stake in Vodafone Essar, claiming new Reserve Bank guidelines stipulate a minimum value for local shares in private companies.
 
Dell will spend $1 billion to establish 10 new data centers around the world that will provide public and private cloud services, as well as new facilities and staff to help promote and sell the services.
 
Media conglomerates Viacom and Time Warner Cable have sued each other in a battle to determine whether cable companies have the right to distribute TV programming on iPads and other mobile devices.
 
US operators AT&T and Verizon will have to let smaller rivals use their respective mobile networks for data, instead of just voice services, under new rules recently approved by regulator FCC.
 
Twitter is now being used to send out 155 million tweets per day, up from 55 million just one year ago.
 
Facebook has teamed up with hardware firms including AMD, Dell, HP and Intel to launch the Open Computing Initiative, an attempt to encourage collaboration on designs for servers and data centers.
 
Australia's Telstra has sold $1 billion worth of 10-year bonds to be used to refinance debts - likely including the repayment of bonds due next year - and for general funding.

 

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