Webwire: Writedown hits Telecom NZ profit; Verizon strike over

Staff writer
22 Aug 2011

Telecom NZ profit slumps on copper writedown

Telecom NZ reported a 56.8% decline in net profit, due to writedowns on its copper-based assets in anticipation of the government's UFB fiber project, but said its adjusted net earnings grew 1.6%.


Verizon workers call off strike

Verizon's wireline workers have agreed to end their strike and return to the negotiating table, with unions claiming the company has agreed to seriously engage in bargaining on sticking points including pensions and heath care contributions.

New York Times

HTC reaffirms commitment to Android

HTC CEO Peter Chou has reiterated the company's commitment to Android, in the wake of Google's planned $12.5 billion purchase of HTC's handset maker rival, Motorola Mobility.

Wall Street Journal

Did Apple tamper evidence in Samsung cases?

Apple appears to have altered another photograph in a court filing in its legal battle against Samsung - changing the dimensions of the Galaxy S to more closely match the iPhone. Apple was previously accused of making similar manipulations to a Galaxy Tab photo.


Google takes Street View to Amazon

Google is planning an ambitious project to capture Street View maps of paths, villages and community centres near the Amazon and Rio Negro rivers in northwest Brazil.

BBC News

Tepco to sell KDDI stake to pay for compensation

Energy giant Tepco plans to sell its 8% stake in KDDI to help pay for compensation claims from the Fukushima Daiichi reactor meltdown.


US to provide Iraq with mobile monitoring gear

The US will provide Iraqi authorities with equipment to help monitor phone calls and SMS for signs of terrorist activity.

Radio Liberty

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