PT Telkomsel declared bankrupt by court
Indonesia's PT Telkomsel has reportedly been declared bankrupt by a Jakarta court, due to an Indonesian law stipulating this declaration for companies which don't pay debts to two creditors at once. The operator has frozen two deals with suppliers without paying sums owed.
Tech In Asia
Bharti said to plan tower IPO for December
Indian incumbent operator Bharti Airtel is preparing to launch a $1 billion IPO for tower unit Bharti Infratel in December, sources claim, and may start pre-marketing the offer to investors from this week.
Wall Street Journal
iPhone 5 pre-order stocks sell out in hour
Apple ran out of pre-order stock for the iPhone 5 just one hour after it started taking orders through its site.
Fortune
HP working on smartphone entry
HP CEO Meg Whitman has revealed in an interview that the company is working on entering the smartphone market. Whitman said she believes the move is inevitable because smartphones are becoming a user's first computing device in many parts of the world.
The Verge
Vodafone may take tax provision in India
Vodafone has revealed it may decide to take a provision to cover the legal risks of fighting the $2.2 billion tax claim by India's tax department. The operator has previously resisted setting aside any cash in the dispute.
Bloomberg
Google won't pull Islam video for White House
Google has declined a request from the US White House to pull the controversial Islam-critical YouTube clip sparking anti-American protests in the Middle East. But the search giant has censored the video in two more countries – India and Indonesia.
Reuters
FBI has Anonymous leader arrested
Barrett Brown - a high-profile member of hacking group Anonymous - has been arrested in Dallas and turned over to the FBI.
Reuters