THE WRAP: Telstra bids for NBN, BCE buyout looks doomed

28 Nov 2008

This week Telstra dipped its toe in Australia's NBN, and the EU agreed to cap SMS and data roaming.

Telstra submitted a bid to build the Australian next-gen broadband network, after months of threatening a boycott. But its proposal fell well short of the required scale.

The planned $28 billion buy-out of Canada's BCE is in doubt after auditors said the company would collapse under the debt burden.

The world watched the Mumbai terror attacks unfold in real-time at Flickr, Twitter, Google Maps, Wikipedia and blogs. Mumbai police used Twitter to ask people for help.

Despite its lack of revenue, Twitter rejected a $500 million offer from Facebook.

EU ministers agreed to cap SMS and mobile data roaming services. The EU also agreed on a $13 billion budget for the European Space Agency.

Cisco will shut down its North American operation for four days over the New Year as part of a plan to cut $1 billion in costs. More jobs will go at Palm.

Nokia pulled out of the Japanese market, where it has just 0.3% share.

Credit cards and bank account details are the most sought-after items in the $7 billion underground online economy, a report found.

After a brief reprieve following the closure of spam-friendly hosting servers, spam traffic rose again.

Google said it would shut down its virtual world Lively at the end of December in order to "focus more on our core search, ads and apps business."

Unicom is set to launch a W-CDMA trial network. BT's wholesale arm Openreach cut prices by up to 65%. A new Lenovo service allows users to remotely disable a PC by SMS. UK mobile internet use grew 25% in the second and third quarters.

Verizon Wireless fired employees for snooping into the cellphone records of President-elect Barack Obama.

Baidu founder Robin Li topped China's IT rich list, with a $13 billion fortune, followed by Pony Ma of Tencent.

The final curtain came down on the five-year-old SCO case, in which the firm had claimed it owned key Linux IPR. A US judge upheld an earlier decision against SCO, which was ordered to pay $2.54 million to firm Novell.

Alcatel-Lucent continued its executive suite cleanout, appointing Paul Tufano, a former Solectron CFO, to its top financial post.

And Italian police seized a tiny gun disguised as a cellphone.

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