Webwire: Google Q1 profit grows 18%; ZTE gets Unicom HSPA+ deal

Dylan Bushell-Embling
15 Apr 2011
00:00

Google misses estimates with Q1 profit gain

Google has reported an 18% increase in first-quarter profit to $2.3 billion, missing analysts' forecasts.

Bloomberg

Unicom contracts ZTE for HSPA+ upgrade

China Unicom has contracted ZTE to upgrade the operator's network to HSPA+ in seven cities, as part of the operator's target of upgrading 56 cities to 3G this year.

BusinessWeek

Sony plans power shortage measures

Sony may shut down some of its premises for two weeks - giving staff an early holiday - and bring forward working hours in a bid to cope with the continuing power shortages in Japan.

BBC News

Game makers slam Amazon store price terms

A video game developer's association has criticized Amazon for setting pricing terms that may harm game makers' profits and trying to ensure a virtual monopoly on Android games.

Guardian

NSN mulls sale to private equity firm

Nokia Siemens is considering selling a controlling stake to a private equity company, which could be worth around $2 billion for a 51% stake, according to sources.

Wall street Journal

Russia's Euroset withdraws IPO

Russian mobile phone retailer Euroset Holding has pulled a planned $1.3 billion UK IPO, with the company blaming market conditions but analysts claiming the price tag was just too high.

Financial Times

Alca-Lu could sell enterprise unit

Alcatel-Lucent could sell its enterprise equipment business for up to $2 billion, either to a single buyer or to the public via an IPO, according to people familiar with the proposal.

Wall Street Journal

Greece could sell 10% of OTE in debt plan

The Greek government could sell a 10% stake in operator OTE as part of efforts to manage the country's significant debt.

Reuters

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