Chinese mobile and fixed-line operator China Telecom posted positive interim results for 2017, with net profit increasing 7.4 percent to 12.54 billion yuan ($1.88 billion), compared with a net profit of 11.67 billion the previous year. But the company said it won’t pay an interim dividend this year to allow for funding flexibility.

Read more: China Telecom posts profits, but won’t pay dividend

Japanese conglomerate Toshiba is set to end its long-running feud with Western Digital – following its confirmation that it is set to enter talks with the US firm over the sale of its prized memory chip business. It has been reported that discussions between both entities had only reopened because negotiations with Toshiba’s preferred bidder had stalled.

Read more: Toshiba set to end long-running saga by selling memory chip business to Western Digital

South Korean conglomerate Samsung has been rocked following the decision by Seoul Central District Court to sentence its leader to five years in jail for bribery. Billionaire, Jay Y. Lee, was the head of Samsung Group but his career is now in turmoil as it faces up to the prospect of spending the next five years in prison.

Read more: Head of Samsung sentenced to five years in jail for bribery

Chinese firm DPVR overtook HTC as the top virtual reality (VR) headset vendor in China in Q2 2017, according to Canalys research, shipping 18,000 headsets, resulting in a 30 percent quarter-on-quarter increase. HTC, whose only product is the HTC Vive basic headset, suffered a 6 percent sequential decline, shipping 14,000 units.

Read more: Chinese firm DPVR overtakes HTC’s leading VR spot in China

Telstra, Australia’s largest telecommunications company, saw its shares dive to a five-year low on August 17 after announcing it will reduce its dividend this financial year. The operator reported a 1 percent lift in its full year profits amidst tough competition, but attention quickly centered on the announced cut to its dividend from next year.

Read more: Telstra shares plunge after announcing dividend reduction

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