FASTTAKES: Oracle, Apple, T-Mobile, M1, TRAI

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 1^st to 4^threspectively in a list of the 50 most innovative companies compiled by BusinessWeek and Bloomberg. Telecom operators such as India's Tata Group (17^th), China Mobile (44^th) and the UK's Virgin (24^th) and Vodafone (38^th), also made the list, joined by vendors LG Electronics (7^th), Sony (10^th), RIM (14^th), Nokia (23^rd).

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.