FASTTAKES: RCom, Reliance Industries, BSNL, Fujitsu, Softbank, Alca-Lu, NSN

Reliance Industries is in advanced talks to buy the tower business of Reliance Communications (RCom), said Business Standard.

The Indian government is considering asking former Vodafone CEO Arun Sarin to head up state-owned operator BSNL, reports Hindu Business Line.

Pakistani regulator PTAintends to launch a 3G auction in the next financial year (ends June 2011), in an attempt to raise 60 billion rupees ($701.3 million) for the government's coffers.

Fujitsu and Toshiba have agreed to merge their handset businesses, in a move which will create Japan's second-largest mobile phone marker. Fujitsu will take a majority stake in the joint venture between the parties.

Japan's Softbank has stopped taking preorders for Apple's iPhone 4, stating that unexpected demand has led to an anticipated delay delivering devices to customers. The latest iPhone will hit Japanese stores on June 24.

Alcatel-Lucent could shift its global services headquarters to India, under a plan to make India its “fourth pillar” after France, the US and China. It will decide whether to make the move in the coming months.

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• THE WRAP: Foxconn lifts workers' pay, India lifts China ban