Deutsche Telekom Asia CEO Calvin Lee, 42, died on the weekend while competing in the annual Singapore triathlon. Singapore-born Lee had been with Deutsche Telekom Asia for 12 years. The company is the regional carrier sales and wholesale arm of the German incumbent.
LG Telecom said its quarterly net income fell 43.3% year-on-year to 38.3 billion won ($31.3 million), its biggest profit decline in six quarters. Revenue grew 5.7% to 1.32 trillion won. LG blamed the disparity on soaring marketing costs and discount offers due to an “overheated marketing situation” in Korea. Operating expenses grew 20% during the quarter to 966.5 billion won. ARPU also declined 1.9% year-on-year. The company recorded 187,000 net subscriber additions. Inbound minutes dropped 6.5% year-on-year and outbound minutes increased 6.5%.
Apple has issued a patch to fix an iPhone SMS vulnerability which had been identified at last week's Black Hat security conference. Apple has urged all users to update their handsets to avoid infection.
HTC has reversed its 2009 forecast, and is now expecting a mid-single digit revenue decline, compared to its earlier prediction of 10% growth.
Social networking site Friendster has launched a “do-it-yourself” targeted advertising service in Singapore, Indonesia, Malaysia, the Philippines, the US and Canada.
Nortel has completed a successful ‘world-first’ trial of 100Gbps and 40Gbps transmission over the longest distances ever attempted. A continuous 2038-km fibre link between Adelaide and Sydney was used for the 100Gbps trial, while the 40Gbps trial took place over 3370 kilometres on a looped-back section of the Sydney to Adelaide route. Both trials used Nortel DWDM optical technology on existing Telstra fibre.
A US student has been ordered to pay €473,000 to four record labels for breaking copyright laws after sharing music online. The Boston University student, Joel Tenenbaum, had admitted in court that he had downloaded and distributed 30 songs at issue in the case. It is the second such case to go to trial in the US, the first being a woman in Minneapolis who was ordered to pay €1.34 million for sharing 24 songs.