Oracle has arranged to buy e-health company Phase Forward for $685 million. The all-cash, $17 per share offer is a 30% premium on Phase Forward's closing price prior to the announcement.
Apple, Google, Microsoft and IBM placed 1st to 4th respectively in a list of the 50 most innovative companies compiled by BusinessWeek and Bloomberg. Telecom operators such as India's Tata Group (17th), China Mobile (44th) and the UK's Virgin (24th) and Vodafone (38th), also made the list, joined by vendors LG Electronics (7th), Sony (10th), RIM (14th), Nokia (23rd).
The number of internet users in China's rural areas grew 26.3% year-on-year to 106.8 million, according to the China Internet Network Information Center (CNNIC). But penetration in rural areas is just 15%, compared to nearly 45% in urban areas.
Australian internet tycoon Daniel Tzvetkoff has been arrested in the US over his alleged involvement in a $584 million money-laundering scheme, and faces a 75 year prison sentence if convicted.
Nokia Siemens Networks has launched a TD-LTE smartphone and terminal testing facility in China for telecom operators and vendors.
M1’s net profit fell 6% to S$39.3 million ($28.5m) in the March quarter, while revenues grew 33.6% to S$249 million due to higher service revenues and handset sales.
The Australian government has released a consultation paper calling for fiber networks to be deployed in greenfield housing estates. The Department of Communications estimates that installing fiber-to-the-premise costs A$1,500 ($1,385) per home more compared with deploying copper.
The Telecom Regulatory Authority of India (TRAI) has recommended that a mobile TV licensee be restricted to owning only 25% of the country’s total number of mobile TV licenses to “prevent monopolization,” reportsIndian Television.
T-Mobile and 3UK are likely to meet their schedule for rolling out Europe's largest shared 3G network by the end of 2010, according to supplier Nokia Siemens.
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