AT&T
EXPLORES POSSIBLE MINORITY STAKE IN RELIANCE
WSJ
writes that AT&T and Reliance are in early-stage talks regarding
AT&T acquiring a substantial minority stake in the Indian operator.
On Sunday, Reliance announced that its board had approved a sale of up
to 26 percent in the telecom company, in order to raise funds for debt
reduction and network expansions. AT&T is looking for new growth
markets as the US market has become saturated.
HTC
GIVES APPLE A RUN FOR ITS MONEY
Outside
the center of attention, HTC has been recording some significant
success in the smartphone market, writes WSJ. Both Sprint’s HTC Evo 4G
and Verizon’s Droid Incredible—two very recent new releases from HTC—
have been widely popular. In its continuing quest to conquer the
number-three position in the global smartphone market, HTC has now
acquired Abaxia, a Paris-based mobile-software developer that serves
mobile-network operators and handset makers, for EUR11 million. The
purchase of Abaxia will “deepen and broaden our software-development
capabilities so that we can innovate at an even faster pace,” said Peter
Chou, HTC’s CEO, in a statement.
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