News highlights for 3 November
REUTERS/Toby Melville
T-Mobile buys fixed line asset of Vodafone Netherlands
AMSTERDAM (Reuters) – Vodafone’s Dutch subsidiary said on Friday it had sold fixed-line operations with around 150,000 customers to Deutsche Telekom subsidiary T-Mobile Nederland for an undisclosed sum. Read more…
Google rejects EU antitrust case – ‘not in line with market reality’
BRUSSELS (Reuters) – Alphabet unit Google rejected on Thursday EU antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, saying there was no factual, legal or economic basis to the accusations. Read more…
Hong Kong issues more stored value licenses (SVFs) to make payments easier
HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) said on Friday that it had granted stored value facilities (SVF) licences to eight more issuers including Paypal Hong Kong Limited, bringing the total to 13. Read more…
Huawei is aiming to beat Apple in smartphones
MUNICH (Reuters) – China’s Huawei Technologies wants to be the world’s second-largest maker of smartphones in two years, Richard Yu, chief executive of Huawei’s consumer business group, told Reuters on Thursday. Read more…
Goldman, JP Morgan, others can keep profits from Facebook float says Court
NEW YORK (Reuters) – Goldman Sachs Group Inc, JPMorgan Chase & Co and Morgan Stanley need not forfeit their estimated $100 million of profit from trading Facebook Inc stock soon after underwriting its May 2012 initial public offering, a federal appeals court said on Thursday. Read more…
Sign of the times – Earthlink and Windstream to merge
SAN FRANCISCO (Reuters) – Telecommunications firms Windstream Holdings Inc and EarthLink Holdings Corp are in talks to merge in an all-stock deal that would allow them to better compete against rivals, people familiar with the matter said. Read more…
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