News In Brief: Phoenix New media, NTT, Cisco, HTIL
Intel Capital, Bertelsmann Asia Investment Funds and Morningside Ventures have signed a €16.6 million funding agreement with Phoenix New Media. Mainland China satellite broadcaster Phoenix TV remains the controlling shareholder of the digital media group.
NTT DoCoMo will invest 20 billion yen (€148m) in a share buyback of 0.38% of its outstanding shares between November 10-30.
NTT said net income fell 34.9% to 36.51 billion yen for the six months ending in September, due to declining service revenue.
Privacy experts from 50 countries have developed a draft agreement on international privacy protection standards, and will work to convince nations worldwide to adopt them.
Cisco has extended the deadline for acceptance of proposal to acquire of Tandberg, and is rumored to be considering raising its offer, in what is likely a response to complaints from Tandberg shareholders over the size of the bid.
Hutchison Telecommunications International (HTIL), 60.4% owned by Hutchison Whampoa, has grown its subscriber base by 14.8% to 9.9 million in Q3. The Indonesian arm grew 13.6% in the quarter to 7.3 million , and Vietnam grew 63.3% to 1.02 million customers. The Sri Lankan operation grew to 563,000.
Worldwide PC microprocessor shipments surged 23% during Q3. In terms of revenue, the market grew over 14% quarter over quarter to €4.9 billion. During Q3 Intel accounted for 81% of worldwide PC processor unit shipments, up 2.2 points, while AMD shipped 18.7%.