Webwire: ST-Ericsson hires strategy advisor; Telstra starting NBN migration

Staff writer
11 Oct 2012
00:00

ST-Ericsson parents hire strategy advisor

Ericsson and ST-Microelectronics have commissioned an adviser to help them decide the future of loss-making chip JV ST-Ericsson. While a sale or break-up of the venture was not specifically mentioned in the release, the options have not been ruled out.

Reuters

Telstra to commence copper switch-off soon

Australia's Telstra will commence the process of gradually decommissioning its copper network and moving its customers to the National Broadband Network, starting with the switch off of up to 25,000 lines by May 2014.

Australian Financial Review

Vodafone may get respite on retroactive India tax

Vodafone may get a break in its battle with Indian tax authorities, with a high-level government panel issuing a draft report recommending that ideally transactions not be taxed retroactively, and that interest and penalties should not apply in any retroactive tax claims.

MENAFN

LGE may make Nexus phone for Google

Sources say LG Electronics is in talks with Google over becoming the third vendor to produce a a Nexus smartphone in collaboration with the Android owner.

Bloomberg

OnLive sold for a mere $4.8m

Cloud gaming service OnLive sold for just $4.8 million during its pseudo-bankruptcy process, despite analysts previously suggesting valuations for the business and its assets of up to $1.8 billion.

BBC

Verizon two months ahead of LTE schedule

US operator Verizon is about to launch LTE in its 400th market, leaving it two months ahead of its original rollout schedule.

Zacks

Amazon cleared to sell Kindle Fire 4G in US

Amazon has received approval from the US Federal Communications Commission to sell the Kindle Fire 4G tablets the online retailer unveiled last month.

Reuters

Frenchwoman gets €11.72 quadrillion phone bill

In perhaps the most extreme case of bill shock on record, a Frenchwoman was accidentally charged €11.72 quadrillion in a phone bill from Bouygues Telecom – and not the €117.21 actually owed.

The Age

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