THE WRAP: Vodafone exits China, more Google probes

Robert Clark
10 Sep 2010
This week Vodafone gave up on China and faced tax trouble in India, while the probes against Google mounted.
Vodafone sold out of China Mobile for $6.6 billion, roughly double the value of the stakes it bought in 2000 and 2002.
It promised an appeal after losing a $2.6 billion tax case in India over its acquisition of Hutchison’s Essar stake in 2007.

Google, already under scrutiny of the Street View collection of private data, faced an antitrust probe from the US Department of Justice over its acquisition of travel software firm ITA, and another one from the Texas Attorney General over page rankings.

Reliance Communications called off its planned $9 billion mobile tower sale.
The Australian NBN will begin its rollout in the countryside after the Labor government was returned to power with the support of rural MPs.

IDC lifted its smartphone forecast after new Android and iPhone launches sparked heavier than expected demand.

For the first time, Apple published guidelines for approval of app store apps. Samsung and LG prepped dual-core smartphones with Samsung about to showcase its new Orion processor.

SmarTone’s profit soared on the back of mobile data growth and the end of the territory’s fixed-mobile interconnect fees.


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