Webwire: Tech Mahindra buys Satyam; AU to get USO overseer

Staff writer
22 Mar 2012
00:00

Tech Mahindra to acquire Satyam in $1.8b deal

Indian software services company Tech Mahindra has arranged to acquire the remaining 57% of Satyam Computer Services that it does not own, through a share-swap deal which values the latter at $1.8 billion.

Bloomberg

Australia to get universal service overseer

Australian parliament has passed legislation allowing for the creation of a new agency to assume responsibility for enforcing universal service obligations and standards.

Australian Associated Press

US senators object to Verizon-Comcast deal

US lawmakers have used a senate hearing to raise a series of objections to Verizon Wireless' controversial deal to bundle mobile subscriptions with cable and internet plans from Comcast, for fears it would reduce competition in the cable and internet sectors.

Washington Post

Vodafone Australia hires new CEO

Vodafone has brought in former European CEO Bill Morrow to replace outgoing Vodafone Australia CEO Nigel Dews.

Herald Sun

UK names 100MB cities

London, Edinburgh, Belfast and Cardiff are among ten UK cities that will receive a share of a £100 million ($158.7 million) government funding pot to boost high-speed web connectivity.

BBC

iPad 3 burns up data allowances

LTE access on Apple’s iPad 3 is catching some users out, as they burn through their monthly data allowance in a matter of hours.

Wall Street Journal

Oracle earnings beat forecasts

Oracle beat analyst’s predictions with fiscal 3Q earnings per share of $0.62, following a steady rise in software sales.

Bloomberg

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