Verizon has appointed Lowell McAdam – currently Verizon Wireless CEO – as president and COO, making him favorite to succeed Ivan Seidenberg in the CEO post next year when he is expected to retire.
News In Brief: Deutsche Telekom, GlobeCast, EC, Telstra, Apple, HP, Verizon
Deutsche Telekom’s T-Systems division and HP are neck and neck in a race to win a multi-billion Euro contract to manage German utility firm E.ON’s IT infrastructure, WSJ.com reports.
GlobeCast has expanded its fiber network to Poland, with the opening of a new PoP in Warsaw. The site - GlobeCast’s 33rd PoP - is designed to help it cash in on growing demand from broadcasters.
China’s Chamber of Commerce for imports and exports has slammed a three-pronged investigation by the EC into wireless modems, claiming the probes are a form of trade protectionism, China Daily reports.
Telstra has agreed to sell part of its stake in Chinese property portal SouFun to private equity investors General Atlantic and Apax Partners. The firms will pay $163 million (€124 million) for a 19% share, according to local reports.
Apple has signed a multi-year contract with content management software firm Rovi. Analysts suggested Apple would use its technology to boost iTunes or Apple TV.
HP and Oracle have settled their lawsuit over Oracle’s appointment of Mark Hurd, the recently-departed HP CEO, as president.