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EU Closer to China Telecom Probe

The European Union’s trade chief will ask for backing this week from senior members of the bloc’s executive arm to start investigations into alleged unfair trade practices by Chinese network-equipment suppliers Huawei Technologies Co. and ZTE Corp., an EU official said, amid concern from European companies that such a probe could prompt a backlash against their interests in China.

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China Unicom Q1 Net Jumps 89 Percent on 3G, Fixed-Line Broadband Growth

China Unicom (Hong Kong) Ltd. said Thursday net profit surged 89 percent in the first quarter from a year earlier as its third-generation mobile communications network and fixed-line broadband businesses continued their rapid growth.

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AT&T Earnings Rise on Wireless Subscriber Growth

AT&T Inc.’s first-quarter profit grew 3.2 percent as the company’s wireless subscriber rolls continued to grow, though revenue missed expectations.

Gartner Raises 2013 IT Spending Forecasts to $3.8 Trillion

$100 billion here, $100 billion there …
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Google’s Schmidt Sees Opportunities in Myanmar

Google Inc. Executive Chairman Eric Schmidt said the technology company will work with the private sector in Myanmar to help the country develop its sluggish telecommunications sector, which he said would be the “most profitable business” in the once-isolated country as it opened up to foreign investment.

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Internet Providers Persuade FCC Panel Against Cyber Security Recommendations

Big Internet providers seem to have talked their way out of unwelcome new recommendations on cyber security.

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Vodafone CEO Leaves Options Open on Verizon

Vittorio Colao, chief executive of Vodafone Group, left the door open to the possibility of a near-term deal that would change the ownership of one of the most closely watched partnerships in the telecom industry: Mobile-phone giant Verizon Wireless.

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Alcatel Chief Is Out as Turnaround Stalls

Burning cash and reeling from cutthroat competition, Alcatel-Lucent SA said Thursday that its chief executive will step down after a transition period to find a successor.

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AT&T to Take $10 Billion Pension Charge

AT&T Inc. warned it would record a $10 billion charge for the fourth quarter on an accounting shift related to its pension- and postretirement-benefit plans.