Webwire: ZTE sells ZTEsec unit; Foxconn finds child workers

Webwire: ZTE sells ZTEsec unit; Foxconn finds child workers

Staff writer  |   October 17, 2012
In the wake of the US security panel's report into Chinese vendors, ZTE has revealed it has sold its 68% stake in surveillance systems subsidiary ZTE Special Equipment Co (ZTEsec) to a group of investors, through a deal worth up to $70 million.
Foxconn has admitted to finding child laborers as young as 14 working as interns at one of its Chinese manufacturing facilities in Yantai.
Australian incumbent Telstra has disclosed concerns it may be forced by regulators to offer wholesale access to its extensive 3G and 4G mobile network. The former state-owned company has spent billions to ensure coverage of its NextG network far exceeds its rivals.
Images posted online suggest that Google could be working with Sony – instead of or in addition to LG - on a new Nexus smartphone. But the authenticity of the images is dubious.
US LTE subscribers pay significantly more for service than their counterparts in the rest of the world, with the cost per gigabyte up to three times higher in the US compared to Europe, according to GSMA statistics.
A US academic claims to have identified legal flaws in the instructions given to the jury during the recent patent court battle between Apple and Samsung. If accurate, these flaws could add to the chances that the verdict in favor of Apple gets overturned.
Spanish telecom group Telefonica plans to sell its Atento call center business to a US private equity firm for around €1 billion ($1.31 billion), to help shave down its €57 billion debt pile.
Yahoo CEO Marissa Mayer has poached another Google executive – this time Henrique de Castro, former vice president of partner business solutions, who will now become Yahoo's COO.
Staff writer


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