This week Vodafone gave up on China and faced tax trouble in India, while the probes against Google mounted.
Vodafone
sold out of China Mobile for $6.6 billion (€5.1 billion), roughly double the value of the stakes it bought in 2000 and 2002.
It
promised an appeal after losing a $2.6 billion tax case in India over its acquisition of Hutchison’s Essar stake in 2007.
Google, already under scrutiny for the collection of private data on Street View, faced an
antitrust probe from the US Department of Justice over its acquisition of travel software firm ITA, and another by the Texas Attorney General over
page rankings.
Ericsson beefed up its US consultancy capabilities, and unveiled a
LTE alliance with Motorola focused on public safety.
The Australian NBN
will begin its rollout in the countryside after the Labor government was returned to power with the support of rural MPs.
IDC lifted its
smartphone forecast after new Android and iPhone launches sparked heavier than expected demand.
Deutsch Telekom wants to take
full control of Greek incumbent OTE by 2012, chairman Panagis Vourloumis revealed.