RCom prices $1b SGX subsea cable IPO
India's Reliance Communications has set an indicative price range for the IPO of its subsea cable assets on the Singapore exchange. At a price range of $1.09 to $1.32, floating the unit could raise up to $1 billion.
US ban on Galaxy Nexus frozen by court
A US appeals court has granted Samsung a temporary stay on the preliminary injunction barring sales of its Galaxy Nexus in the US. Apple now has until Thursday to appeal the stay on the sales ban.
ITU to meet to tackle telecom patents
The ITU has convened an October roundtable to discuss the issue of essential telecom patents being used to stifle innovation and competition, and whether the fair, reasonable and non-discriminatory (FRAND) licensing standards are working.
Acme Packet Q2 profit forecast disappoints
Telecom equipment maker Acme Packet has missed analysts' estimates with its projections for June quarter profit and revenue, blaming weak demand in North America.
DNS Changer shutdown leaves no major outages
The servers the US FBI had been operating to prevent a disruption of internet access for PCs infected with the DNS Changer virus have been shut down without widespread disconnections, monitoring of calls to ISPs' technical support lines indicates.
Alibaba said to plan $1b loan for Yahoo buyback
A source claims China's Alibaba will take out a four-year, $1 billion loan to fund the buyback of a 20% stake in itself from Yahoo.
Wipro targets telcos with unit restructure
Indian IT outsourcer Wipro Technologies plans to restructure its billion-dollar telecom business, to shift focus away from product engineering for telecom vendors and towards analytics and other services for operators.
Telecom passes Vodafone as fastest NZ ISP
Telecom NZ overtook Vodafone NZ in June as the New Zealand ISP with the fastest retail web browsing speeds, data from broadband testing service TrueNet shows.
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