Webwire: Facebook share price drops again; EU searches for Google answers

Facebook’s share price continued to slide on the second day of public trading, falling 13.7% in early trading on Monday.
 
Time is running out for Google to propose answers to European Union competition concerns regarding its search services in the region.
 
Hutchison Whampoa has denounced as “groundless” reports that it may consider selling out of the UK market, if local unit 3 UK is not guaranteed spectrum in an upcoming 4G auction.
 
China’s Alibaba Group is courting its existing investors in a bid to raise $2.3 billion (€1.7 billion) in equity to cover some of a $7.1 billion share buy back from Yahoo.
 
UK bookstore Waterstones has reversed its stance on Amazon’s Kindle e-reader, agreeing to stock the device in its stores.
 
Five of the USA's largest cable companies – Comcast, Time Warner Cable, Cablevision, Bright House and Cox – have teamed up to offer access to their free Wi-Fi hotspots to each others' customers.
CNN 
 
Microsoft claims Windows Phone handsets are now outselling the iPhone in China, with Microsoft's platform gaining a 7% market share after two months of availability.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.