Webwire: OTE profit falls 54%; VimpelCom moves on NTC

Greek carrier OTE’s first-quarter profit slumped 54.1% to €30.2 million, on sliding revenues at mobile division Cosmote.
VimpelCom is seeking to acquire Korea Telecom’s 80% stake in Russian cellco NTC for $346 million (€240 million), as it moves to take control of its rival in a deal that values the firm at $420 million.
India's Bharti Airtel blames “an unforeseen technical outage” for a network failure last week that disrupted mobile services to eight million customers for several hours.

Canadian researchers have demonstrated a prototype smartphone built from flexible electronic paper that is controlled by bending and folding the material.
Foxconn hopes to start assembling iPads in Brazil by July as part of a $12 billion (€8.3 billion) investment plan, but remains locked in negotiations with the government on tax breaks and other incentives.
The Mexico City government will use SMS and social networks to provide early warnings of earthquakes.