In its latest non-core asset divestiture, Nokia has arranged to sell a portfolio of over 500 wireless patents to Vringo - a video ringtone company expanding into technology IP licensing - for $22 million (€17.9 million)
The crew of a France Telecom cable ship were forced to abandon ship after a fire broke out while the vessel was returning from repairs of the Sat3-Safe cable near Namibia. All the crew members were rescued unharmed.
Sources say former Telstra chief Sol Trujillo is courting private equity interest in a takeover bid for Deutsche Telekom unit T-Mobile USA, but firms have so far been reluctant to bite.
Russia-based MTS has accused Uzbekistani officials of using threats and intimidation to force employees at local subsidiary Uzdunrobita to sign false confessions implicating the company in crimes including fraud and embezzlement.
Norway's Telenor has hit another red light in its attempts to put the assets of Indian joint venture Uninor on the auction block, with estranged local partner Unitech succeeding in a legal bid to stall the auction process while it prepares to challenge the sale in court.
The Indian government will proceed with a controversial plan to swap out 900-MHz spectrum licenses held by GSM operators including Bharti, Vodafone and Idea with 1800-MHz licenses in early 2013, and then refarm the 900-MHz band for a planned 4G auction.