Webwire: Sprint may buy rest of Clearwire; ZTE to spend $30m in US
Sprint Nextel is reportedly in talks to acquire the 49% of Clearwire it does not yet own, in the midst of Sprint's acquisition by Japan's Softbank in a $20.1 billion deal.
ZTE will invest $30 million to augment its presence in the US market, as the company aims to overturn suspicions from US lawmakers and win a larger share of US network contracts.
Sources claim Korea Telecom is thinking of making an offer for the 53% stake in Moroccan operator Maroc Telecom held by France's Vivendi. The seller reportedly hopes to sell the stake for €5.5 billion ($7.15 billion).
In an interview, Google Chairman Eric Schmidt has compared Android's position in the smartphone market to Microsoft's lead against Apple in the desktop OS wars of 20 years ago.
New Indian market entrant Tikonda Digital plans next year to launch 4G mobile broadband services in the regions it has licenses at rates as low as 0.02 rupees ($0.0004) per MB, which could trigger a 4G data price war.
Tech venture capitalist Marc Andreessen believes that far from being in a tech bubble, Silicon Valley is experiencing a “technology depression,” with public tech stocks trading at the biggest discount to industrials in four decades
The European Union has approved Hutchison Whampoa's planned €1.2 billion ($1.57 billion) acquisition of Orange Austria, after Hutchison agreed to concessions including offering wholesale access to up to 30% of the capacity of its combined Austrian network to as many as 16 MVNOs.
South Africa's Vodacom's LTE rollout has reached Cape Town, several weeks ahead of the company's rollout schedule. The operator revealed it now has over 500 LTE-enabled base stations.