THE WRAP: Facebook moves to IPO; India acts on 2G

Staff writer | February 03, 2012 | 2 comments

telecomseurope.net

It was the week that saw Facebook go public, Indian cellcos given the go ahead to share (some) spectrum, and Asia declared the world leader in Internet attacks.

Social networking behemoth Facebook made its long-anticipated move this week to file for an IPO. The company didn’t name an exchange, but said it’s aiming to raise $5 billion (€3.7 billion), according to the New York Times.

However, sources “close to the company” also claim Facebook is aiming for a much bigger offering that could value the company as high as $75 billion or even $100 billion – which would make it bigger than Kraft Foods, Goldman Sachs and Ford Motor Co, the NYT says.

In other news for the week, India’s DoT ruled that operators can share spectrum – as long as it is 2G spectrum only.

According to reports, the rules also prevent operators from sharing spectrum in circles where they do not hold frequencies themselves, or in cases where the pairing would exceed the limits laid out in merger regulations (i.e. 25% of the spectrum per region).

An Indian court subsequently threw the 2G sharing into doubt by ordering the return of 122 licenses issued in a contentious 2008 auction.

It was also the week in which the European Union urged the World Trade Organization to probe China’s control of rare earths, after the trade body ruled the state infringes global trade rules covering other raw materials. While the case didn’t specifically mention rare earths, European lawmakers say the ruling should now form the bedrock of a case examining those elements.

The European Commission, meanwhile, turned its attention to Samsung’s patents, following a protracted battle with Apple in several member states. The Commission is probing whether Samsung licenses essential patents on fair, reasonable and non-discriminatory terms.

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