Webwire: iPhone 5 China debut, Bharti tower IPO coming in Dec

Staff writer
03 Dec 2012

Apple confirms Dec launch for iPhone 5 in China

Apple has announced it will launch the iPhone 5 in China this month, after receiving the required regulatory approvals.

The Guardian

Bharti Infratel to commence IPO next week

Bharti Airtel unit Bharti Infratel has set a December 11 start date for its planned IPO – confirming rumors that it will conduct the offer this year. The aim is to raise 45 billion rupees ($829.3 million) through the offer of around 10% of the company.

Economic Times

Globe has bought 92% of BayanTel's debt

The Philippines' Globe Telecom revealed it now owns around 91.6% of in-rehabilitation BayanTel's outstanding debt, following last month's launch of a tender offer for the notes.

Philippines Star

Yahoo faces $2.7b hit in Mexican suit

A Mexican court has in a non-final decision held that Yahoo should be forced to pay $2.7 billion in damages to Worldwide Directories SA and Ideas Interactivas SA. The companies have sued Yahoo alleging breach of contract over a deal to create a print Yellow Pages business directory.


CAT pressed for overdue 3G deal report

Thai regulator NBTC is unlikely to grant state-owned CAT a further extension on an expired deadline for submitting a report into amendments to its 3G deal with private player True Corp. CAT has been told to amend the deal to stop it violating the Frequency Allocation Act.

Bangkok Post

Telekom Malaysia posts flat Q3 net

Telekom Malaysia has reported a marginal decline in Q3 profit to 301.4 million ringgits ($99.1 million), from a 1% increase in revenue to 2.38 billion ringgits.

The Sun Daily

VeriSign TLD authority renewed

The US Department of Commerce has renewed VeriSign's authorization to oversee the .com domain through to 2018, but has stipulated that the company will have to seek approval if it wishes to raise prices for registering domains.

Wall Street Journal

Tehran cybercrime chief fired over blogger death

Iran's chief of police has dismissed the head of Tehran's cybercrimes police unit, following the death in police custody of a blogger critical of the government.

New York Times

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