News highlights for 16 August 2017
Digicel Chairman, Denis O’Brien
Digicel accuses US rival of ‘victim shaming’ in $60m counterclaim
Digicel, the Caribbean mobile operator owned by Denis O’Brien, has accused a US telco of deploying “shock and awe” tactics in a legal dispute. The comments were in response to a $60 million counterclaim launched by the US company against Mr O’Brien’s company in a row over allegations by Digicel of fraud. Read more…
Indian Government asks 21 smartphone makers for details of phone security procedures
NEW DELHI: The ministry of electronics and IT has directed 21 smartphone makers, most of which are Chinese, to inform it about the procedures and processes they follow to ensure the security of mobile phones sold in India, following reports of data leakage and theft. Read more…
Slim’s America Movil wins telecom battle in top Mexico court
MEXICO CITY (Reuters) – Mexico’s Supreme Court on Wednesday ruled billionaire Carlos Slim’s telecommunications company America Movil should not be barred by law from charging competitors certain fees, prompting fears of a rollback of a sweeping antitrust reform. Read more…
State-owned China Unicom to raise $12 billion from Alibaba, Tencent, others
HONG KONG (Reuters) – Telecoms group China Unicom is raising $11.7 billion from about a dozen investors including tech giants Alibaba Group and Tencent Holdings, as part of Beijing’s push for state-owned enterprises to be revitalized with private capital. Read more…
Swiss digital asset exchange buys U.S. wallet maker in all-bitcoin deal
NEW YORK (Reuters) – Swiss digital currency exchange ShapeShift AG said on Wednesday it has acquired Seattle-based KeepKey Holder LLC, a maker of devices known as digital wallets, in an all-bitcoin deal. Read more…
Cisco’s security business revenue misses estimates, shares drop
(Reuters) – Cisco Systems Inc’s quarterly revenue in its closely-watched security business missed analysts’ estimates, raising concerns about the world’s largest networking gear maker’s efforts to transform into a software-focused company. Read more…
Trump, in tweet, hits Amazon over taxes, jobs
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday criticized Amazon.com on Twitter over taxes and jobs and accused the global retailer, without offering evidence, of hurting U.S. localities and causing job losses. Read more…
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