This week a $39 billion scandal engulfed Indian telecom, while the Beatles finally made it to iTunes.
Indian telecom minister A Raja resigned over the allocation of 2G licenses two years ago, reportedly costing the government up to $39 billion by not holding an auction.
As the scandal widened, investors sharply marked down Reliance Communications’ stock while the regulator called for the revocation of many licenses.
An Indian judge ordered Vodafone to pay $550 million immediately in taxes, even though its long-running dispute over back taxes is still before the courts.
Google Voice finally made it to the App Store.
Twitter’s latest fundraising round valued the company at $3 billion.
Chinese web leader Sinaexpects its microblogging service to hit 100 million users next year.
A US congressional committee said China Telecom had briefly diverted a massive slice of global web traffic in April. The Chinese operator denied it.
Global bandwidth prices fell 60% in the past year, but capacity is still at least three times more expensive across the Pacific than the Atlantic.
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