China Daily: China to open telecom sector to private capital

China's Ministry of Industry Information Technology has decided to allow and encourage private capital to enter the telecommunications sector. Specifically, private investment will be allowed in the resale of mobile communications , broadband services, value-added telecom services and basic operating services, according to a report from China Daily and a press statement from the Ministry of Industry and Information Technology. In addition, telecom operators may proceed with IPOs on domestic exchanges and the state will dilute its stake in major...

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Google Expands its Cloud Ambitions with Compute and Drive

 In day two of the Google I/O event in San Francisco, the company further outlined its cloud ambitions by introducing Google Compute infrastructure service while expanding its consumer-oriented Google Drive. The new Google Compute Engine provides on-demand, virtual Linux machines at Google scale. The service lets you run large-scale computing workloads on the same infrastructure that runs Google Search, Gmail and Ads. "Ten thousand cores...

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EXFO Posts Revenue of $59.5 Million, Net Loss

 EXFO reported quarterly revenue of US$59.5 million for its third quarter of fiscal 2012 compared to US$67.6 million in the third quarter of 2011 and US$66.9 million in the second quarter of 2012. IFRS net loss in the third quarter of fiscal 2012 totaled US$3.9 million, or US$0.06 per share, compared to net earnings of US$1.8 million, or US$0.03 per diluted share, in the same period last year and net earnings of US$1.0 million, or US$0.02 per diluted share, in the second quarter of 2012. Bookings attained US$57.5 million in the third quarter...

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