NEWS IN BRIEF: Infineon, Wavesat, PCCW, AsiaSat, Ericsson, Telstra

Infineon may seek a loan from the German government to help the chipmaker stay afloat as demand for semiconductors continues to slump, the Financial Times reports.

 

Canadian startup Wavesat has raised $14.4 million for the development of 4G handset chips.

 

DAB lawmaker Starry Lee has urged Hong Kong's Securities and Futures Commission to release the results of its probe into PCCW's privatization bid before the High Court holds its hearing to approve the proposal on February 24, RTHK reports.

 

AsiaSat has announced it has attracted a number of bids from several major satellite manufacturers to build a new satellite, AsiaSat 6, and is now reviewing the proposals.

 

Ericsson will deploy a metro aggregation network for Chunghwa Telecom. The OMS solution will be used to deliver high-capacity broadband services for fixed and mobile subscribers.

 

Telstra workers have called off a planned 24-hour work stoppage in the wake of devastating bushfires in Victoria, southern Australia. NSW employees will strike as planned. Telstra is offering mobile calls at fixed line rates and free call diversion during the disaster.

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