KT Corp has fallen short of expectations with a Q4 net loss, thanks to costs associated with job cuts, Dow Jones reported. It posted a 449 billion won ($386m) loss, down from a 20 billion profit a year earlier.
SmarTone has been fined HK$180,000 ($23,000) for misleading ads – its third financial penalty in just over three years for deceptive promotions.
Thai cellco AIS will reportedly today stop TOT’s 3G customers from roaming onto its 2G network. The decision follows the TOT’s board decision to seek regulatory advice onwhether AIS can use its 3G network in Bangkok at 1900 MHz.
India’s 3G auctions could be postponed from later this month to August or September. The law ministry is pushing for the auction to be held only when the defense department returns all the necessary frequencies.
The bill to split Telstra into wholesale and retail arms has for the second time been delayed in the Australian senate.
China’s economic stimulus policies will drive telecom IT spending in China to $4.5 billion in 2010, Gartner predicts. It says the government’s multiple stimulus package will boost IT spending to $38 billion by 2013.
Brunei’s Info-communications Technology Authority has tapped Analysys Mason to develop a broadband strategy.