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.