Vodafone considers provision for India tax bill of $2.2 billion: Bloomberg

Vodafone (Newbury, UK) is considering whether to set aside money to cover the legal risks of investing in India, according to a story published on Bloomberg.

Until now, the operator has resisted making any such provision, but a change to India’s laws could make it liable for a tax payment of around $2.2 billion.

In an interview with Bloomberg, Andy Halford, Vodafone’s chief financial officer, said the new ruling had forced the company to reconsider its financial arrangements.

AT&T says set sales record with iPhone 5

Reuters

U.S. mobile provider AT&T (Dallas, USA) said it set a sales record with Apple's (Cupertino, USA) iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered.

Customers ordered more iPhones from AT&T than any previous model both on its first day of preorders and over the weekend, the company said on Monday.

AT&T did not provide the number of iPhones sold.

The company said iPhone 5 was still available for preorder and would go on sale from September 21 in AT&T retail stores.

Telefonica picks HP's Aurasma for augmented reality expansion

Reuters

Telefonica (Madrid, Spain) said it has picked HP's (Palo Alto, USA) Aurasma technology to expand its mobile advertising offerings in one of the largest deals yet in the emerging market for augmented reality.

Augmented reality, or AR, overlays text or graphics on images viewed on smartphone, tablet and PC screens or through dedicated glasses, enabling features like image recognition.

The boom in smartphones led by Apple Inc's iPhone, which has location capabilities, cameras and sufficient processing power, has enabled people to try out AR technology for themselves.

China telecom equipment makers deny threat to US security

Reuters

Executives from China's top makers of telecommunications gear denied putting hidden spy code into their equipment at a rare public hearing of the U.S. House of Representatives Intelligence Committee on Thursday.

The officials from Huawei Technologies Co Ltd (Shenzhen, China) and ZTE Corp (Shenzhen, China), rejecting fears that their expansion in the United States poses a security risk, said they operated independently of the Chinese government.

Globecomm warns of tough fiscal 2013 as quarterly profits rise

Globecomm’s fourth-quarter net profit has more than tripled as infrastructure revenues were boosted by work on a major government contract.

The satellite operator reported net income of $7.1 million, compared with $2.2 million in the fourth quarter of 2011, but Globecomm (Haupagge, USA) attributes the increase largely to “a change in fair value of the ComSource earn-out”.

Globecomm acquired software developer ComSource in April 2011 for $20 million, funding $18 million of the transaction through a credit facility with Citibank.

M1 turns to Ericsson for mobile backhaul upgrade

Mobile operator M1 (Singapore) has signed up network manufacturer Ericsson (Stockholm, Sweden) to upgrade its mobile backhaul network.

The operator says the work is necessary because of the increasing demand for bandwidth, caused largely by the rise of internet browsing and video streaming on mobile devices, as well as the launch of LTE services.

Swisscom plans takeover of Telecom Lichtenstein

Swisscom (Worblaufen, Switzerland) has announced plans to buy a 75% stake in Telecom Lichtenstein (Vaduz), the incumbent telecoms operator in the small European principality.

It has already signed a declaration of intent with authorities in the country but has not disclosed the details of any pending financial transaction.

Swisscom intends to acquire the telecoms business and infrastructure that is currently held by the Lichtenstein power company (LKW) and ingrate them with its own operations.

Huawei plans $2 billion British expansion

Reuters

Chinese group Huawei Technologies (Shenzhen, China), the world's second-largest telecoms equipment maker, is to invest $2 billion expanding its operation in Britain, creating about 700 new jobs in the next five years.

Founder and chief executive Ren Zhengfei outlined Huawei's plan on Tuesday, when he also met Prime Minister David Cameron.

"The UK is an open market, which welcomes overseas investment. I am, therefore, very pleased today to be announcing the $2 billion investment and procurement plan, promoting the development of openness and free trade," Ren said.

Apple's iPhone needs to dazzle as market gets crowded

Reuters

The new iPhone 5 has to be more than just another smartphone as it carries the weight of Apple Inc's (Cupertino, USA) future on its slim frame.

Five years after the first iPhone upended the mobile industry, analysts say Apple is looking increasingly defensive as Samsung Electronics Co Ltd (Seoul, South Korea) and other rivals have been first to market with phones that sport bigger screens or run on faster wireless networks.

Nokia Siemens in talks to sell business support unit: CEO

Reuters

Mobile network equipment maker Nokia Siemens Networks (Helsinki, Finland) is in talks with various companies to sell its business support systems (BSS) unit, its chief executive said, as it looks to ditch some product lines and focus on mobile broadband.

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