Webwire: MS objects to Nortel auction; Viom shelves IPO plans

Dylan Bushell-Embling
14 Jun 2011
00:00

MS objects to Nortel patent auction terms

Microsoft has petitioned the bankruptcy court overseeing the Nortel patent sale to force the winner of the June 20 auction to honor existing licensing deals. Microsoft has a royalty-free and ostensibly perpetual license to all Nortel's patents. HP, Motorola and Nokia have also filed objections.

Reuters

Viom Networks shelves IPO plot

Tower company Viom Networks has shelved plans for an up to 60 billion rupee ($1.33 billion) IPO, citing unaccommodating market conditions and an unwillingness for majority shareholder Tata Group to dilute its stake.

Economic Times

Apple sued over use of iCloud name

Apple may be notorious for using lawsuits to protect its brands, but the shoe is on the other foot now it is being sued by US-based online phone service provider iCloud Communications over the name of its iCloud cloud services.

Washington Post

IMF hacked, a state may be to blame

An attack on the International Monetary Fund's systems on June 12 may have been conducted by a nation state, based on the sophisticated nature of the attack, security researchers say.

BBC News

Samsung spars with Siemens unit over LED

Samsung has countersued Siemens' Orsam unit for alleged violation of LED patents, in retaliation to Orsam's own patent suit filed earlier this month.

Optics.org

Digicel revenue grows 27% to $2.23b

Caribbean and Central American mobile operator Digicel grew its revenue and ebitda 27% - to a respective $2.23 billion and $954 million - for the year ending in March.

Silicon Republic

African telcos mull tower management j/v

France Telecom subsidiary Telkom Kenya is tipped to conclude a deal to form a telecom tower management joint venture with Safaricom within three months.

Bloomberg

Google buys Admeld for $400m

Google yesterday spent an estimated $400 million acquiring online ad firm Admeld, making the company its sixth largest purchase so far.

Wall Street Journal

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