Webwire: Indian towercos oppose FDI cap; Apple, Google no-poach suit to proceed

Staff writer
telecomasia.net
Indian tower operators have objected to a government proposal to introduce a 74% cap on on foreign direct ownership in telecom infrastructure companies.
 
Apple, Google, Intel, Adobe, Intuit, Pixar and Lucasfilm have a been denied a petition to dismiss an antitrust lawsuit accusing the companies of illegally conspiring not to poach each other's employees.
 
Mark Zuckerberg handled discussions in Facebook's $1 billion deal to acquire photo sharing app Instagram mostly by himself, and negotiated the asking price down from an initial $2 billion, sources say. The board was reportedly “told, not consulted” about the deal.
 
Microsoft beat expectations with a 6% increase in Q3 revenue to $17.41 billion, and a less-than-expected decline in profit for the quarter to $5.11 billion from $5.23 billion.
 
British MP David Davis has warned the government that proposals to extend law enforcement agencies' access to web and phone records for surveillance purposes would “create a nation of suspects.”
 
US operator Verizon has reported a 20% increase in first-quarter profit to $3.91 billion, on the back of improved revenue and margins.
 
Facebook had submitted a bid for AOL's patent portfolio before being outbid by Microsoft's $1.06 billion offer, sources say.
 
Australian operator Telstra is open to acquiring Consolidated Media Holdings if owner James Packer decides to sell. Consolidated Media owns 25% of pay TV operator Foxtel, while Telstra owns a 50% share.

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