Asia Pacific

Nokia - the world's largest handset vendor - today unveiled its first phone based on TD-SCDMA, China's domestic 3G standard, at an event in Beijing.

China Mobile - the world's largest operator by subscribers - remains upbeat on its growth potential and is searching for acquisition opportunities, reports Reuters.

Japanese electronics giant NEC is to cut 20,000 workers worldwide as it tries to curb widening losses from semiconductors and other businesses, which have been hard hit by competition and the global economic slump, reports Associated Press.

Reuters reports that China Mobile, the world's largest mobile operator, agreed to pay CNY1,000 (US$146) to a subscriber to settle a lawsuit over its mandatory fees, potentially opening the door to a flood of similar complaints.

AustralianIT reports that Telstra chairman Don McGauchie has formally begun the process of finding a replacement for Sol Trujillo, who is expected to leave the company sooner rather than later.

Cellular News reports that China's ZTE has issued a statement where the firm said that it is aiming to get a place among the top three global GSM shipment vendors this year.

Japan's two smallest mobile networks, Softbank and Emobile, are reportedly joining forces to offer mobile data services in an alliance that could further threaten the dominance of their two larger rivals, NTT DoCoMo and KDDI.