Webwire: Three jailed over iPad 2 leak; France starts 4G auction

Dylan Bushell-Embling
16 Jun 2011

Three jailed in China over iPad 2 leak

A Chinese court has handed down prison terms to three people for stealing information about the iPad 2 six months before the product was announced. The case involved a Chinese accessories maker bribing former Foxconn employees to obtain digital images of the device.

Wall Street Journal

France invites bids for $3.5b 4G auction

French telecom regulator Arcep has commenced a 4G auction, giving interested parties until September and December respectively to sign up to bid on 2.6GHz or 800MHz spectrum. The government expects to raise at least €2.5 billion ($3.54 billion) from the process.

Wall Street Journal

PLDT shareholders approve Digitel buy

PLDT shareholders have approved the 78 billion peso ($1.8 billion) takeover of Digitel, but the transaction – scheduled to take place at the end of the month - still hinges on obtaining regulatory approval.

Manila Bulletin

DoJ clears Google to bid on Nortel patents

The US Department of Justice has cleared Google to pursue its purchase of Nortel patents, stating a purchase would not raise competition concerns. Google has submitted the $900 million stalking horse bid for next week's auction.

Wall Street Journal

Next Google phone under development

Google is reportedly working on the next own-branded Android phone, which will include a dual-core 1.2GHz or 1.5GHz GPU, have a 720p HD screen and support 1080p video capture and playback.

Boy Genius Report

Time Warner buys NewWave for $260m

Time Warner Cable will buy US cable, internet and phone service provider NewWave Communications for $260 million.

Business Journals

Apple selling iPhone 4 unlocked in US

Apple has for the first time started selling unlocked GSM iPhone 4s in the US, with prices starting at $649 for the 16GB version.

Zacks Investment Research

Batelco, KHC to buy 25% of Zain Saudi by Q3

Bahrain's Batelco and investment company KHC expect to complete the joint $950 million purchase of a 25% stake in Zain Saudi by the end of the third quarter, once due diligence is complete on the deal.

Washington Post

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