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).
March 11, 2010
Google-China talks to end soon: Schmidt
Google CEO Eric Schmidt has predicted an early end to talks with the Chinese government over the search firm’s operations in China.
“We are in active negotiations with the Chinese government,” he said at a media summit in Abu Dhabi, WSJ
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Cable firm plots EU’s biggest IPO in two years
German cable company Kabel Deutschland has initiated plans for an IPO – expected to be Europe’s largest in more than two years.
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Telecom tycoon Slim pips Gates as world’s richest
Mexican telecoms tycoon Carlos Slim, founder of the America Movil empire, has edged out Microsoft boss Bill Gates as Forbes magazine’s richest person in the world.
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Intelsat narrows losses
Intelsat, the world’s oldest satellite firm, continues to be mired in debt, despite record sales and high margins.
The firm narrowed its losses in 2009, but more than half of its revenue was used to pay down interest expense.
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FASTTAKES: FCC, PCCW, FarEasTone, KT, Ericsson
US regulator FCC is considering assigning a portion of the nation’s airwaves for the provision of free wireless internet services.
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March 10, 2010
DoCoMo snatches the lead again
Japan’s largest mobile operator NTT DoCoMo pipped out third-ranked Softbank Mobile from its perch as the market’s fastest=growing operator in February.
And the Japanese behemoth is expected to hold onto the position in March as well, and possibly longer.
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Cisco’s new router: 12 times faster than rivals
Cisco has unveiled a router that allows every movie ever made to be streamed in four minutes
The much-promised 322 terabit per-second CRS-3 router delivers 12 times more traffic capacity than products from Juniper and other rivals, Cisco said.
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PCCW profits up 18%
Lower costs and a property gain helped to boost PCCW’s net profit 18% in 2009.
The Hong Kong incumbent said its net profit rose from $163 million in 2008 to $193 million in 2009, in line with analysts’
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Vmax launches with $63m Wimax network
Taiwan’s newest operator, Vmax, has opened its NT$2 billion ($63 million) Wimax network with an ad-based service to taxis and bargain-priced netbooks.
The company, backed by Intel and local electronics firms, has built a network in metropolitan Taipei and plans to extend the service across northern Taiwan.
The centrepiece of its laun
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