TiVo Inc (Alviso, USA) will receive at least $250.4 million from Verizon Communications Inc (New York, USA) as part of a patent litigation settlement, the video recorder pioneer said on Monday, sending its shares up 5 percent.
TiVo has had to turn to litigation to generate revenue from licensing fees as the company has struggled to fight competition from low-cost rivals in recent years.
The settlement, which marks a big victory for TiVo, follows a similar deal it reached in January with AT&T Inc (Dallas, USA), which agreed to pay $215 million.
Telkomsel (Jakarta, Indonesia) has lodged an appeal against its bankruptcy ruling earlier this month, according to the Jakarta Globe newspaper, in a case that highlights the shortcomings of the country’s legal framework and the risks to businesses operating within it.
The state-backed operator was declared bankrupt on September 14 after being found guilty of failing to pay a debt of 5.3 billion rupiahs ($555,000) to Prima Jaya Informatika, a former business partner.
Alcatel-Lucent (Paris, France) has agreed to pay the US government $4.2 million to settle an allegation that it submitted misleading testing certifications to the army.
A subsidiary of the network manufacturer, called Lucent Technologies World Services Inc (LTWSI), won a $250 million contract in March 2004 to build an emergency-services network in Iraq (the AFRN project).
The Department of Justice (DoJ) alleges that Alcatel-Lucent submitted payment claims for equipment and services provided under that contract based on inaccurate certifications.
Iran has connected all its government agencies to a secure domestic Internet service and plans to link ordinary Iranians up to the same network, an official was quoted as saying on Sunday, in a move to beef up cyber security.
The Islamic state tightened its cyber security after its disputed nuclear program was attacked in 2010 by the Stuxnet computer worm, which caused centrifuges to fail at the main Iranian uranium enrichment facility.
Three public interest groups plan to file a formal complaint accusing AT&T Inc (Dallas, USA) of violating U.S. Internet rules if the wireless service provider goes ahead with a plan to limit use of Apple Inc's (Cupertino, USA) FaceTime application to certain customers.
The groups -- Free Press, Public Knowledge and the New America Foundation's Open Technology Institute -- gave AT&T notice in a letter on Tuesday that they plan to file a formal complaint with the Federal Communications Commission, unless the No. 2 U.S. mobile provider changes its policy.
Telecoms retail revenues in emerging Asia-Pacific markets are forecast to increase from $229.7 billion in 2011 to $323.7 billion by 2016, according to a new report from Analysys Mason.
Growth will be driven by the adoption of data services on smartphones and other mobile devices, with 3G and 4G connections accounting for 46% of the total by 2016.
The study looks at Bangladesh, China, India, Indonesia, Malaysia, Pakistan and Thailand, noting that China and India account for 68% of the region’s population, 64% of active SIMs and 75% of retail revenues.
Time Warner Cable (New York, USA) intends to sell its 7.8% stake in mobile broadband provider Clearwire (Kirkland, USA), according to Dow Jones Newswires.
The cable operator has made clear its plans in a regulatory filing and also notified other Clearwire investors, which have the option of purchasing all or part of the stake.
Time Warner paid around $550 million for its interest in Clearwire back in 2008, but the shares would fetch only about $73.3 million at current prices.
T-Hrvatski Telekom (Zagreb, Croatia), the Croatian operator controlled by Germany’s Deutsche Telekom (Bonn, Germany), has already applied for a new 4G license just days after the country’s regulator invited bids.
Hakom is to award three blocks of 2x10MHz spectrum in the 800MHz band for use with new 4G services, although no operator will be allowed to own more than one spectrum block.
Bidders will have until October 15 to submit their applications for a 12-year license, making T-Hrvatski look very eager indeed.
Telenor’s chief executive says he is in talks with several potential new partners in India, according to Reuters.
“There are talks in many directions, I can assure you, and many who wish to speak to us as well,” Jon Fredrik Baksaas told Reuters at the operator’s capital markets event.
“There is not really anything concrete to say about this yet, but … we wish to go further in India provided that the framework at last will be in place, and that we also can see a profitability developing on a new investment in India,” he is reported to have said.
Alcatel-Lucent (Paris, France) has signed a contract with Azteca Comunicaciones Colombia (Bogota, Colombia) to build a broadband network in the Latin American country.
The operator aims to connect 753 municipalities and bring high-quality TV, video, voice and high-speed data services to millions of consumers and business users.
As a major supplier on the project, Alcatel-Lucent will deploy broadband infrastructure in some 216 of those municipalities.