Vodafone will pay an extra $460 million to buy out Essar's share of JV Vodafone Essar, taking the purchase price for the 33% stake up to $5.46 billion. The companies reached an in-principle agreement on a sale in April, but Essar held out for more cash.
The executive branch of Taiwan's government last week banned the import of core telecom equipment from Huawei, citing national security concerns, according to local reports.
Polkomtel has accepted a takeover offer from Polish tycoon Zygmunt Solorz-Zak worth 18.1 billion zloty ($6.67 billion) inclusive of debt and a planned dividend payout. The deal was submitted last month.
Kodak has been dealt a setback – though not an unqualified one – in an appeal of the unfavorable initial verdictin the patent violation case it is pursuing against Apple and RIM.
Vodafone Australia claims its network improvement program - conceived as a response to complaints from users over quality and coverage - is proceeding ahead of schedule, with 775 new 850MHz towers erected. But if web comments are any guide, a number of customers are still disgruntled.
The president of the Philippines, Benigno Aquino, has demoted ICT regulator CICT from a unit under the president's office to a subset of the Department of Science and Technology. Aquino has also abolished the positions of CICT chairman and commissioners.
Friday marked the 20th anniversary of the world's first GSM phone call in Finland. A video of the historic call has been circulating the internet.
- Webwire: Taobao in monopoly probe; Huawei mulls cloud deals
- Webwire: Google ponders EU fiber network; Apple, eBay stocks on the move
- THE WRAP: Europe's online hours grow; UK users sick of messaging
- The WRAP: Vodafone secures Essar buy, agrees to SFR sale
- Webwire: Softbank to launch 4G Friday; PlayBook gets email support