Webwire: Apple worth over $500b; Free Mobile coverage approved
Apple's market capitalization has exceeded $500 billion for the first time. The company is currently the only US company worth over $500 billion, and only the sixth to reach this milestone.
French telecom regulator Arcep has determined that new entrant Free Mobile does meet the coverage requirements spelled out in its license, including having 27% population coverage at the initial stage, despite claims from Orange that Free Mobile is piggy-backing on the Orange network.
Huawei took in revenue of over $32 billion in 2011, up 11% from a year earlier. The company has previously set a target of generating revenue of $100 billion within the next 5-10 years.
A US trade representative has objected to a clause in India's proposed new telecom security policy that would require at least 50% of core telecom network equipment to be domestically developed and produced, claiming that the provision would harm American equipment suppliers.
India's Bharti Airtel has chosen NSN to deploy and operate its TD-LTE network in the 2.3-GHz band in the major telecom circle of Maharashtra.
Microsoft has launched a consumer preview version of Windows 8, available to current Windows 7 users.
The CEO of NBN Co, the company set up to oversee Australia's National Broadband Network, has defended the 30% take-up rate in the early rollout areas as a figure that would make telcos around the world “quite envious.”
Detained Megaupload founder Kim Dotcom has asked a New Zealand court to free up NZ$220,000 ($184,000) worth of his frozen assets to allow him to continue to pay expenses including lease costs and staff wages.