Webwire: PLDT ownership to be probed; Bharti may merge operations

Webwire: PLDT ownership to be probed; Bharti may merge operations

Staff writer  |   October 16, 2012
The Philippines' PLDT has lost a Supreme Court petition seeking to quash a directive, in which regulator SEC was tasked with investigating whether the operator violates legal foreign ownership limits.        
Bharti Airtel is considering merging its Indian and African telecom operations into a single business, presided over by a global CEO. The restructuring could be complete by mid-2013.
The European Union is about to demand that Google rethink its personal information collection practices to address the “high risks to the privacy of users” this entails, but has stopped short of declaring Google's practices illegal. 
Amazon is reportedly in talks to buy Texas Instruments' mobile chip unit in a deal likely to be worth billions. TI has expressed a desire to exit the mobile sector and focus instead on segments including consumer electronics.
Taiwan Mobile was the top-performing mobile operator in Taiwan during September, with earnings per share (EPS) of NT$0.47, compared to NT$0.40 for Chunghwa Telecom and NT$0.31 for FarEasTone.
Russian mobile operator MegaFon has arranged to acquire Euroset – the nation's largest handset retailer – in a deal worth $1.3 billion.
India's Aircel plans to cut around 600 jobs, representing 12% of its workforce in five states, as the Maxis-owned mobile operator starts to enact its plan to scale back operations in unprofitable regions.
More than 2.5 million New Zealanders access the internet through smartphones, government statistics show, meaning that as of June more than half of the nation's population are connected to the mobile internet.
Staff writer


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