THE WRAP: Satyam's fraud, iTunes new tune

This week Satyam rocked India with a fraud scandal and iTunes offered variable DRM-free pricing.

B. Ramalinga Raju, CEO of IT services firm Satyam, admitted he had been falsifying the company's accounts by a billion dollars over the past several years.  One report said Satyam did not have enough money to pay salaries at the end of the month.

Bowing to pressure from music labels, Apple announced variable pricing for iTunes tracks, but said it would remove DRM copy protection.

Steve Jobs said his rapid weight loss was caused by a "hormone imbalance" but denied he was seriously ill.

Embattled device firm Palm unveiled a well-reviewed new phone, the Pre, and a new web-integrated OS that allows multitasking. Nokia stopped making its sole Wimax device, the N810.

The average UK broadband speed is 3.6Mbps, Ofcom discovered in a survey, declaring it was often "significantly" below the speeds promised.

Lenovo cut 2,500 jobs, restructured its Asian operations and forecast a quarterly loss as it felt the effects of the global slump in China. Motorola revealed it had accelerated staff layoffs. Venture capital exits in the US hit a 31-year low.

China's MIIT finally issued 3G licenses, while India decided to delay its auction as the Finance Ministry pushed for a doubling of the floor price.

Richard Li's PCCW will combine with his father's firm HGC to jointly bid for broadband wireless spectrum in Hong Kong.

Chinese authorities embarked on yet another "internet cleanup campaign", this time aimed at portals, search firms and bulletin boards.

After nearly two weeks of military attacks, the Gaza telecom networks were on the verge of collapse.

M1 began the search for a new CEO after long-standing chief Neil Montefiore unexpectedly quit.

Google acknowledged for the first time its number of advertisers - 1 million advertisers as of 2007, up from 600,000 in 2006, according to a regulatory filing.

Security experts exposed a vulnerability in DECT cordless devices. Microsoft issued a patch to fix the New Year bug that brought down Zune music players.

Alcatel-Lucent decided to eliminate middlemen in foreign markets, after the jailing of one of its executives in Costa Rica for offering $2.5 million in bribes.

ClearWire launched the first stage of its planned nationwide US Wimax service in Portland, Oregon.

And president-in-waiting Obama called for a delay in the switch to digital TV transmission.