Webwire: Pacific Fiber drops cable plan; Indosat swings to Q2 loss

Staff writer
02/08/2012
News
Daily News

Pacific Fibre abandons subsea cable plan

New Zealand's Pacific Fiber has abandoned plans to build a subsea cable linking New Zealand, Australia and the US, after failing to secure the required $400 million in funding.

Fairfax New Zealand

Indosat swings to $16m Q2 loss

Indonesia's PT Indosat swung to a 148.5 billion rupiah ($15.7 million) net loss for the June quarter, due in part to the weakening rupiah.

The Jakarta Post

Chunghwa workers protest last mile decision

More than 1,000 Chunghwa Telecom employees have staged a protest at the offices of Taiwanese regulator NCC, complaining about the decision to force the operator to share its last mile connections with its rivals.

China Post

Telenor seeks Uninor auction, angers partner

Norway's Telenor has escalated the row with estranged Indian partner Unitech, by seeking to auction the Uninor joint venture and migrate its Indian business to a new company.

Telegraph India

US to oppose bid to expand ITU powers

The US will formally oppose bids by China, Russia and others to expand the authority of the ITU to regulate the internet, branding the proposal a threat to the net's open nature.

Agence France-Presse

Facebook shares fall to new low on slowing growth

Facebook shares fell to a new low of $20.88 after the company published second quarter results showing slowing sales growth, and due to continuing concerns over the company's mobile monetization strategy.

Bloomberg

US judge revives InterDigital suit against Nokia

A US judge has revived InterDigital's patent violation lawsuit against Nokia, finding that the ITC erred in its definition of key terms in two of the patents.

Reuters

Verizon made to stop blocking tethering apps

US regulator FCC has ordered Verizon to stop blocking its customers' access to third-party tethering apps on the Android app store. Verzion has agreed to pay $1.25 million to settle the investigation into the practice.

New York Times

Related content