News In Brief: Microsoft, Sony, Huawei, NSN, Daisy, France Telecom
Microsoft has appointed Morgan Stanley to sell off its digital agency Razorfish. Microsoft acquired the agency as part of its 2007 purchase of aQuantive for EURO $4 billion. It is understood that Publicis Groupe is a likely buyer. According to FT the global unit is worth between €427-527 millon.
Sony Corp may develop a mobile phone hybrid gaming device as an Apple iPhone antidote, the Nikkei business daily reports. Sony is expected to set up a project team as early as July to develop a new product that combines functions of its portable game player and Sony Ericsson's mobile phones.
Huawei Technologies has launched an LTE technology incubator lab in Tokyo, Japan. The lab will also function as an engineering training facility for the rollout and commercialisation of the technology.
TeliaSonera Finland and Nokia Siemens Networks will deploy a 3G network on the 900 MHz frequency. NSN secured the contract to deliver a full WCDMA/HSPA 900 radio network system including Flexi base stations and high capacity RNC 2600 radio network controllers. The new network will support fixed-mobile migration in the rural areas and save operational costs for the operator.
British telecommunications group, Daisy Communications, is in talks over a €235 million float on London's Alternative Investment Market. The business telco specialist for corporates and SMEs needs to raise cash to fund an acquisition. UK press report that it is in talks to backlist on the stock exchange via Freedom4 Group previously known as Pipex.
France Telecom Tunisia-based Divona has secured licence to offer fixed and mobile services in Tunisia for €135 million. The JV aims to launch services on January 1, 2010 and create 1000-2000 new jobs.