Webwire: Unicom iPhone 5 pre-orders strong; ZTE secures $20b financing
China Unicom reportedly recorded 100,000 online pre-orders for the iPhone 5 in the first day of taking registrations. Apple's latest flagship smartphone will launch in China next Friday.
ZTE announced it has secured a five-year, $20 million financing and credit facility with China Development Bank.
Nokia has found a buyer for its Finnish central HQ. Local real estate investment company Exilion has agreed to buy the building for €170 million ($222.7 million) and lease its use back to the handset maker.
The Pakistan Telecommunication Authority has denied lifting a ban on YouTube in the nation, despite word the site was available in some parts of the country on Monday. The regulator has ordered the video site blocked until Google removes the controversial clip Innocence of Muslims.
Qualcomm will make a nearly $120 million investment in Japan's Sharp, in a deal likely to make Qualcomm its largest single shareholder. The funds are desperately needed by Sharp, which last month warned of “material doubt” over whether it will be able to continue operating.
Telecom billionaire Carlos Slim is facing a regulatory backlash over America Movil's dominance of Latin American markets including Mexico and Brazil, but is arguing against stricter competition rules on the basis that it will limit his ability to invest in new technologies.
North American policymakers have failed to rapidly pass a UN proposal to limit any changes to ITU powers to apply only to operators, and not internet companies. The proposal was a response to a perceived effort by authoritarian governments to obtain more powers to control the internet.
Apple has launched its iTunes music store in 56 more countries, including the APAC nations of Indonesia, Nepal, Fiji, Kazakhstan, Kyrgyzstan, Micronesia, Mongolia, Papua New Guinea, Tajikistan, Turkmenistan and Uzbekistan.