The former head of Samsung has paid a fine of more than €61 million (110 billon won) in a single installment. Last month a court sentenced Lee Kun-Hee to a suspended three-year prison term and a fine of 110 billion won for his role in a 1999 bond issue. The Supreme Prosecutor's Office confirmed Lee paid the entire fine last Friday to one of its Seoul branch offices.
HP has launched a new tablet PC, the DreamScreen, in the US. The device includes one-touch connection to sites such as Facebook and HP's photo-sharing site, but currently lacks a full internet browser.
The Czech Republic arm of T-Mobile is buying the retail telecom business of Ceske Radiokomunikace. Its product portfolio includes fixed and wireless broadband and directly and indirectly-connected voice services. It has a customer base of 170,000.
China Mobile and Nokia Siemens Networks have completed successfully demonstrations for indoor coverage of TD-LTE femtocell. NSN’s Beijing research team demonstrated a live streaming video downlink application using a compact experimental femto prototype in a China Mobile laboratory.
Huaweihas won a contract from SaudiTelecom Company (STC) to upgrade its existing network to HSPA+ covering Damman, Khobar and northern Saudi Arabia. In first half of 2009, Huawei has been awarded more than 150 UMTS/HSPA commercial contracts in over 100 countries.