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VimpelCom Raises Funding for Orascom Purchase

Russia’s VimpelCom is seeking to raise US$4 billion as a bridging loan to fund its bid for Orascom Telecom Holding and Wind Telecomunicazioni, Reuters reported, citing senior bankers. The financing…

Orascom Telecom Profits Surge on Mobinil Disposal

Egypt based Orascom Telecom Holding has announced that its third-quarter revenues rose by 1.6% compared to a year ago, to US$3.12 billion. Net profit surged by 130% though to US$951…

Dell mobile communications executive to depart

Dell Inc. said that the president of the group responsible for its first forays into smart phones and consumer tablet PCs is leaving the company. According to Dell, Ronald Garriques…

Dell 3Q net income more than doubles

Personal computer maker Dell Inc. its net income for the latest quarter more than doubled as companies spent more to replace aging technology. Dell’s earnings topped Wall Street’s expectations, and…

Motorola's breakup to become official on Jan. 4, separating consumer and business units

Motorola Inc. will split into two companies effective Jan. 4, finalizing the breakup of one of the founders of the U.S. electronics industry. Motorola is splitting its consumer-oriented side, which…

Zain Shareholder Sues to Block Sale to Etisalat

A shareholder in Kuwait’s Zain has filed a lawsuit to stop the due diligence in a planned sale of a controlling stake in the company to the UAE’s Etisalat for…

Samsung Profits Jump by 17% on Record Revenues

South Korea’s Samsung Electronics has reported that its third-quarter revenues rose by 12 percent to a record of KRW 40.23 trillion (US$35.74 billion), while net profits rose by 17 percent…

Samsung Claims Top Spot in USA's Android Smartphone Market

Samsung says that – based on data from Gartner – it was the top Android smartphone provider in terms of sell through to end users in the United States for…

LG Sued by Taiwanese Firm Over Patent Dispute

Taiwan’s semi-official Industrial Technology Research Institute (ITRI) has sued South Korea’s LG Electronics, accusing it of infringing 22 of its US registered patents covering the fields of mobile phones, air…

Samsung promotes chairman's son to president

A scion of the family that founded the sprawling Samsung conglomerate has been promoted to president at the flagship electronics business, sending its shares to a record high. Lee Jae-yong,…

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