This week Intel earned a record penalty and Hong Kong judges slammed vote manipulation in the PCCW buyout.
The European Commission slapped a record €1.06 billion fine
on Intel for abusing its power in the EU microprocessor market. Intel said its behavior did not hurt consumers.
In a written judgment of their decision
to block PCCW’s privatization, Hong Kong’s appeal court judges described the share-splitting scheme as “a form of dishonesty”. Richard Li said he would take it to the court of Final Appeal.
The Australian government poured €2.4 billion
into its next-gen broadband company and offered Telstra a 49% stake.
BT said it would shed 15,000 jobs
after losing €149.5 million in the March quarter. Once more the global services group, which accounts for two-fifths of sales, drove the result down.
Sony posted its first full-year loss
for 14 years. It lost ¥120 billion (€918 million) on sales of ¥7.73 trillion and said it would close three factories.
Ericsson and Huawei are set to capture the lion’s share of BSNL GSM contracts
worth $6 billion.
The UK government will consider allowing O2 and Vodafone to keep their 2G spectrum
and indefinite 3G licenses in return for providing universal mobile broadband service.
The IEA called on governments to rein in the soaring energy consumption
of electronic devices, which it said would double by 2022.
Verizon Wireless divested
many of its Alltel assets to AT&T for €1.72 billion, as required by the FCC. Verizon sold a its fixed-network business
in rural areas to Frontier Communications for €3.8 billion in stock.
Craigslist killed off
its Erotic Services section following the murder of a woman, allegedly by someone she had met through the site, and replaced it with Adult Services classifieds.
, an index to track trends and sentiment in the secondary market for US spectrum, was launched.