THE WRAP: Facebook digs deeper into mobile

Robert Clark
05 Nov 2010
00:00

This week Facebook dug deeper into mobile, as millions of Chinese web users got caught in the crossfire of a corporate battle.

Announcing it had reached 200 million mobile users, Facebook added a feature that allows retailers to offer discounts to customers near their stores. CEO Mark Zuckerberg denied plans for a “Facebook phone.”

Tencent, which runs China’s biggest IM service QQ, threatened to prevent access to the platform for millions of users after a long-running spat antivirus provider Qihoo 360.

On the upside, Chinese netizens found that the Amazon Kindle offered a way over the Great Firewall, offering access to Twitter, Facebook and other forbidden sites.

Hong Kong-based Pacnet raised $300 million from a debt issue and said it would spend $220 million on Asian data centers.

Alcatel-Lucent reported sales growth and a small profit, but fell short of analysts’ expectations, while Qualcomm surprised the Street and lifted its revenue guidance.

China Unicom took a hit from its heavy iPhone subsidies.

A change in the way the government measured inflation knocked £2.9 billion ($4.7b) off BT’s pension shortfall.

Vodafone Essar sought buyers for its mobile towers in a deal that could be worth $450 million.

Australian research group CSIRO came up with a way to deliver 12Mbps broadband via an analog TV antenna.

Apple and Google were reportedly ready to go to the mattresses for control of mobile payments firm Boku.

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