Webwire: LG returns to profitability; Emitel sale boosts TP figures
LG Electronics’ 2Q profit slumped 87.3% year-on-year to 108.4 billion won (€72 million), but the result returns the firm to the black after two quarters of net losses.
Telekomunikacja Polska grew 2Q11 profit threefold to 995 million zloty (€247 million) on proceeds from the sale of broadcasting unit Emitel. The firm plans to use half the sale income to buy back shares.
UK police have arrested a man suspected of being the spokesperson for hacker group LulzSec, the third arrest in the country so far.
Vodafone is close to a deal to augment its existing Turkish mobile operations by acquiring local fixed line service provider Koc.net.
The US Justice Department has requested more information from Google about its proposed $400 million (€279 million) acquisition of display ad firm Admeld, as well as more time to investigate potential antitrust issues.
A New York law firm has persuaded 750 AT&T customers to launch arbitration proceedings against the carrier, as it seeks to block the acquisition of T-Mobile USA.