News In Brief: Wimax, AIS, Tata, Admob, Globe, Pacnet, Nortel, Cyworld
Austrian-based Wimax Telecom has filed for insolvency after it was unable to make payments to Alcatel-Lucent for network infrastructure. The company owns nationwide licenses in Austria and Slovakia and five out of six regions in Croatia.
Thailand's AIS said its quarterly net profit fell 7.7% to 4.19 billion baht ($125.6 million). But the result beat the average analyst estimate in a Reuters survey.
US mobile advertising agency, AdMob has opened a regional HQ in Singapore to meet growing demand in the region. AdMob has established localized sites in English, Bahasa and Chinese.
Philippine operator Globe said its net income rose 12% to 9.9 billion ($208.4 million) during the first nine months of the year, due largely to robust broadband growth..
Nortel said it had recently won a range of public sector deals in regions including Australia and New Zealand, Greater China, India and Japan.
Internet censorship could be open to challenge under WTO rules as restraint of online services trade, according to a study by think-tank ECIPE.
Korean based social network Cyworld, owned by SK Telecom, will close its US service three years after launch, having failed to attract a large audience. The company invested around €6.7 million on its US foray . The company claims 25% of the total population of South Korea as registered users.