Webwire: UK rejects automatic block on internet porn

British ministers have rejected a proposal to automatically block internet access to pornography on all computers, saying the move is not widely supported.
 
Cisco Systems has hired Barclays to sell its Linksys home router unit, which the networking giant acquired for $500 million in 2003.
 
Alcatel-Lucent secured a 1.615 billion euros ($2.1 billion) financing pact from banking giants Credit Suisse and Goldman Sachs, as the struggling telecom-equipment company attempts to climb out of the red and refinance debt.
 
The Dubai telecom operator Du has secured a $100 million loan from Singapore-based DBS bank in order to upgrade its network performance.
 
Apple's launch of iPhone 5 received a frosty reception in China, with only two Apple fans lining up outside Beijing’s flagship Apple store on Friday morning to buy the device, thanks to the snowy weather in the capital city.
 
India's largest fixed line telecoms operator Bharat Sanchar Nigam Limited (BSNL) has been breached by a hacker group, which is demanding for the withdrawal of section 66A of country's IT Act, which limits citizens' freedom of speech and expression.
 
Weeks before he accepted a $1 billion offer from Facebook , Instagram CEO Kevin Systrom had verbally agreed to sell his photo-sharing company to Twitter for $525 million in March - but then called off the deal

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