ALSO NOTED: Forbes gives five reasons why iPhone is not that attractive; WiMAX chip maker Altair gets $18M; and much more...

> Forbes details five reasons why someone might not want an iPhone. Article

> The European Union has reportedly cleared the proposed acquisition by a group of firms, including Telefónica of Spain, of an 18-percent stake in Telecom Italia. Article

> Altair Semiconductor, an Israel-based maker of WiMAX chips, said it received $18 million in a second round of funding from four VCs. Article

> WiMAX chip maker Beceem has chosen Anadigics power amplifiers for its BCS200 chipset reference designs. Release

> Brazilian operators generated revenues of $1.2 billion last year in SMS traffic. Article

And Finally... A man drowned in a sewer trying to recover his dropped mobile phone. Article

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