European and US banks are backing Nokia Siemens with a new €1.2 billion finance package. The vendor’s parent firms were forced to inject an extra €1 billion last year.
Neelie Kroes, vice president of the European Commission’s Digital Agenda, is backing protests against proposed US anti-piracy legislation. Kroes suggested the legislation would threaten the openness of the Web.
Shares in Egyptian telco Orascom Holdings soared on Friday, the first day of trading in two months following an asset split, amid investor belief the company is currently undervalued.
Twitter founder Jack Dorsey is eyeing Asia, and in particular China, for a mobile payments venture. The service, named Square, is currently available in the US.
The shutdown of file sharing site Megaupload led to a bizarre standoff between police and one of the men accused of running the site. Kim Dotcom shut himself in a panic room to avoid capture.