THE WRAP: Cisco's super-router, Slim's rich pickings
This week Cisco unwrapped the world’s biggest router and Carlos Slim proved there’s money to be made in telecoms.
Cisco ended weeks of hype with the unveiling of a new router 12 times faster than anything else on the market.
Mexican Carlos Slim, the owner of América Movile, edged out Bill Gates as the world’s richest man.
China Mobile bought a stake in a Shanghai bank for just under $6 billion. Chairman Wang Jianzhou expected the deal to clear all regulatory hurdles, despite misgivings from the state asset management agency.
Google boss Eric Schmidt predicted a result “soon” in talks with the government on the search company’s role in China.
BSNL canned its controversial $10 billion GSM tender. ST Telemedia took a 10% stake in VNPT Global, the offshore arm of Vietnamese operator VNPT.
The Carlyle Group’s efforts to make kbro Taiwan’s biggest cable company could collapse because of a government stake in Fubon Bank, one of the biggest backers of the deal. Taiwan law rules out state investment in media companies.
Hutchison Telecom HK doubled its profit, but fell short of expectations.
Cost-cutting helped PCCW to boost its net 18%.
Service revenues at the world’s biggest operators grew just 2% last year, despite double digit subs growth.
Intelsat narrowed its losses but is still spending more than half of its revenue on repaying debt.
Psychedelic rockers Pink Floyd won a legal round when a UK court ruled that concept albums such as “Dark Side of the Moon” should not be sold as separate tracks on iTunes and other stores.
Taiwan’s Vmax – heavily backed by local manufacturers and Intel – launched a $63 million mobile Wimax network in Taipei.
Nokia and Australian researchers are working on an “X-ray phone” that uses augmented reality to see through buildings.
Web users worldwide believe net access should be a human right, a BBC-sponsored survey found. European MPs defied the EU executive and rejected ACTA, the US-backed anti-piracy treaty.
Google launched the Google Apps Marketplace, a channel for third-party and cloud-based apps as well as Google's own.
And a Chinese blogger, Lian Yue, published the first Twitter novel.