Webwire: Essar hits Vodafone for $5b; Taiwan bans Huawei gear
Vodafone will pay an extra $460 million (€316 million) to buy out Essar's share of Vodafone Essar, taking the purchase price for the 33% stake to $5.46 billion. The companies reached an in-principle agreement on a sale in April, but Essar held out for more cash.
Taiwan's government last week banned the import of core telecom equipment from Huawei, citing national security concerns.
Polkomtel has accepted a takeover offer from Polish tycoon Zygmunt Solorz-Zak worth 18.1 billion zloty (€4.5 billion) inclusive of debt and a planned dividend payout.
Chinese police have arrested 36 people in connection with a $6 million (€4.1 million) fraud at business-focused e-commerce site Alibaba that claimed the scalps of the firm’s CEO and COO in February.
Vodafone Australia claims a network improvement program to tackle user’s complaints about quality and coverage is proceeding ahead of schedule, with 775 new 850MHz towers erected. But web comments show a number of customers are still disgruntled.
Friday marked the 20th anniversary of the world's first GSM phone call. Footage of the call shows Finland’s prime minister making the call using a car phone.