A US court has ordered self-proclaimed “spam king” Sanford Wallace to pay $711 million in damages to Facebook for hijacking users' accounts and using them to send unsolicited marketing messages.
Samsung has said it expects full touchscreens phone to account for 20% of its devices shipped this year, up from 5% last year.
Alcatel-Lucent has entered into a JV with Russian state-owned corporation Rostechnologii. Alcatel-Lucent RT will design and sell IP-based telecom equipment in Russia and the CIS.
South African carrier Telkom SA has come under fire from local unions over its plan to cut around 4,000 temporary and contract workers.
Three private equity houses have invested $180 million in China’s biggest web portal Sina. Sequoia Capital is joining with Chinese investment groups Fountainvest Partners and CITIC Capital to back a management-led purchase of 9.4 % of the company.
Nokia Siemens Networks has announced a collaboration with software company ServusNet to help wind power operators improve power generation and delivery. The vendor said it would target the energy sector with use its existing portfolio and fresh partnerships.