Webwire: OTE profit falls 54%; Vimpelcom to buy NTC

staff writer
09 May 2011

OTE Q1 profit shrinks 54%

Greece's OTE said its first-quarter profit slumped 54.1% to €30.2 million ($43.3 million), on sliding revenues at mobile division Cosmote.


Vimpelcom to buy NTC from KT, others

Vimpelcom will buy the 90% of eastern Russia's NTC held by Korea Telecom and a Sumitomo subsidiary for $420 million, then mount a compulsory acquisition offer for the remaining shares.


Bharti Airtel hit with network fault

India's Bharti Airtel is blaming “an unforeseen technical outage” for a network failure last week which disrupted mobile services for a reported 8 million of its customers for several hours.

Researchers unveil flexible e-paper phone

Canadian researchers have demonstrated a prototype smartphone built from flexible electronic paper, that is controlled through bending and folding the material.

BBC News

Foxconn faces hurdles to Brazil plans

Foxconn hopes to start assembling iPads in Brazil by July as part of the $12 billion investment plan under consideration, but is still negotiating with the government on tax breaks and faces other hurdles in a country with very high labor costs and an overvalued currency.


China iPad 2 debut attracts huge crowds

The iPad 2 officially debuted in China on Friday to the typical long queues, particularly outside Apple's downtown Beijing store.


Singapore election shaped by internet

Singapore's opposition party made the strongest inroads since independence during Saturday's vote, during a campaign transformed by social media and loosened restrictions on election-related internet discourse.

New York Times

Mexico City to use social media for quake alerts

The Mexico City government will use SMS and social networks including Facebook and Twitter to provide early warnings of incoming earthquakes.

Associated Press

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