Webwire: Mexico's Telcel fined $1b; Huawei profit grows 30%

Dylan Bushell-Embling
18 Apr 2011
00:00

Mexico's Telcel hit with $1b antitrust fine

America Movil's Mexican mobile subsidiary, Telcel, has been fined 12 billion pesos ($1.03 billion) by antitrust authorities for allegedly engaging in monopolistic practices.

Associated Press

Huawei reports 30% profit growth

Huawei has revealed it grew its 2010 profit 30% to 23.8 billion yuan ($3.64 billion) on the back of strong international sales growth.

Bloomberg

Vanuatu's Interchange signs $30m cable deal

Vanuatu's Interchange has contracted Alcatel-Lucent to build a $30 million subsea cable system linking the country with Fiji, and then on to the Southern Cross Cable (SXC) Sydney to Hawaii link.

Radio Fiji

Iran accuses Siemens, US, Israel over Stuxnet

Iran's head of civil defense, Gholamreza Jalali, has accused the US and Israel of being behind the Stuxnet attack thought to be aimed at its nuclear facilities, and Germany's Siemens of providing the nations with the information needed to conduct it.

Reuters

Vimpelcom completes Wind purchase

Russia's Vimpelcom has completed its merger with Wind Telecom, cleared in March, and the merged company is now targeting cost savings of $2.5 billion.

Moscow Times

Korean search firms seek FTC probe of Android

South Korean search engine companies NHN Corp and Daum Communications have asked the nation's fair trade commission to probe Google, alleging that they have been prohibited from pre-installing their search tools on Android phones.

Dow Jones

China's Renren files for $675m IPO

Chinese social media site RenRen has confirmed plans to conduct a US IPO, with a goal of raising $675 million – higher than the $500 million rumored.

China Tech News

UAE may limit BlackBerry enterprise use

The UAE is reportedly planning to let only medium and large businesses use BlackBerry's encrypted enterprise email service, but the nation's telecom regulator has claimed that e-mail, messaging and internet services will continue for consumers and it will clarify the new rules soon.

Financial Times

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