Webwire: iPhone 5 China debut, Bharti tower IPO coming in Dec
Apple has announced it will launch the iPhone 5 in China this month, after receiving the required regulatory approvals.
Bharti Airtel unit Bharti Infratel has set a December 11 start date for its planned IPO – confirming rumors that it will conduct the offer this year. The aim is to raise 45 billion rupees ($829.3 million) through the offer of around 10% of the company.
The Philippines' Globe Telecom revealed it now owns around 91.6% of in-rehabilitation BayanTel's outstanding debt, following last month's launch of a tender offer for the notes.
A Mexican court has in a non-final decision held that Yahoo should be forced to pay $2.7 billion in damages to Worldwide Directories SA and Ideas Interactivas SA. The companies have sued Yahoo alleging breach of contract over a deal to create a print Yellow Pages business directory.
Thai regulator NBTC is unlikely to grant state-owned CAT a further extension on an expired deadline for submitting a report into amendments to its 3G deal with private player True Corp. CAT has been told to amend the deal to stop it violating the Frequency Allocation Act.
Telekom Malaysia has reported a marginal decline in Q3 profit to 301.4 million ringgits ($99.1 million), from a 1% increase in revenue to 2.38 billion ringgits.
The US Department of Commerce has renewed VeriSign's authorization to oversee the .com domain through to 2018, but has stipulated that the company will have to seek approval if it wishes to raise prices for registering domains.
Iran's chief of police has dismissed the head of Tehran's cybercrimes police unit, following the death in police custody of a blogger critical of the government.