A group of New Zealand entrepreneurs is planning a trans-Pacific cable to challenge Southern Cross’s monopoly of the south Pacific route.
The unfunded startup, Pacific Fibre, is aiming to build the NZ$900 million ($630m) cable by 2013.
March 12, 2010
EU votes down ACTA treaty
The European Parliament has rejected an EU proposal to subscribe to the controversial ACTA piracy agreement.
Just 13 MEPs voted in favor of signing up to the Anti-Counterfeiting and Trade agreement, which isn’t even close to the 663 who voted against.
They were concerned the agreement flouted EU laws on counterfeiting and piracy, Euroactiv reported.
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Axiata announces XL share placement
Axiata has announced plans to sell 20% of its Indonesian subsidiary, XL Axiata, via a share placement.
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Motorola rolls out Android phones with Bing
US vendor Motorola will roll out Android smartphones in China that incorporate the Bing search engine by the end of the month.
Motorola said yesterday it will add Bing search and map functions to its Android-powered smartphones, as part of a global
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THE WRAP: Cisco’s super-router, Slim’s rich pickings
This week Cisco unwrapped the world’s biggest router and Carlos Slim proved there’s money to be made in telecoms.
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STT moves on U Mobile, VNPT
Singapore Technologies Telemedia looks set to take a stake in cash-strapped Malaysian cellco U Mobile.
The two companies will announce a “strategic partnership agreement” on Monday, according to a media invitation seen by Malaysia’s Business Times.
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FTC seeks affidavits on Google AdMob deal: report
The US Federal Trade Commission (FTC) is reportedly collecting affidavits from Google’s rivals over its proposed acquisition of AdMob, indicating it could be planning to scupper the deal.
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Telecom disconnect: more subs but flat sales
The top 20 service providers recorded less than 2% growth in aggregated annual revenues during 2009, despite healthy global net adds.
TeleGeography research said most of the growth for the world’s largest operators last year was a result of M&A, even though the global mobile subscriber base grew 15%, and broadband subs by 14%.
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March 11, 2010
China Mobile signs $5.8b deal for SPD stake
China Mobile has inked a deal to buy a 20% stake in the Shanghai Pudong Development (SPD) Bank for 39.8 billion yuan ($5.83 billion).
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