Toshiba Corp. President Satoshi Tsunakawa (R) and Vice President Yasuo Naruke (L) arrive at a press conference to announce the spinning off its micro chip business at the company's headquarters in Tokyo on January 27, 2017. Toshiba said on January 27 it will spin off its memory chip business, following reports that the vast conglomerate is planning to sell a stake in the unit to repair its battered balance sheet. KAZUHIRO NOGI / AFP

A major Japanese multinational conglomerate has been forced to sell a minority stake in its memory chip business in order to raise capital amidst an impending legal lawsuit from a financial institution. Toshiba are being sued by Japanese Trust Banks over its 2015 accounting scandal.

Read more: Japanese trust banks set to sue Toshiba Corp over accounting scandal

Huawei announced that it has become an executive corporate member of the Cloud Security Alliance (CSA). The CSA is committed to ensuring the security of cloud services. Today, with the addition of Huawei, the CSA has nine executive corporate members. Executive members receive special access to the leadership team and board of directors of the CSA via an advisory group, the Executive Membership Council.

Read more: Huawei becomes executive corporate member of Cloud Security Alliance (CSA)

Thuraya Telecommunications Company, a leading mobile satellite services operator, and Indosat Ooredoo, leading mobile operator in Indonesia, today signed a Memorandum of Understanding (MOU) to develop a new range of services by combining Indosat products with Thuraya Satellite technology and devices for business customers in Indonesia. 

Read more: Thuraya and Indosat Ooredoo set to transform communications in Indonesia

NorthTelecom CTO / Managing Director Asia & Pacific, Mahdi Mehrabi

NorthTelecom has recently entered into an agreement with a Philippine-based Public Telecommunications Entity (PTE) to supply satellite ground hardware, space segment capacity, and internet bandwidth for the Philippine rural market, especially the unserved and underserved areas.

Read more: NorthTelecom signs agreement with Philippine Public Telecommunications

Huawei Consumer Business Group (CBG) revealed its expected 2016 annual performance figures indicating a 42 percent increase when compared to 2015. With anticipated sales revenue of US$26 billion, Huawei CBG is showing steady growth for the fifth consecutive year. Additionally, smartphone shipments reached 139 million units presenting a year-on-year growth of 29 percent.

Read more: Huawei Consumer Business Group reports strong 2016 performance

Qualcomm has fired back at Apple after it sued the company on Friday, 20 January, over allegations of monopoly abuse. Some analysts suspect Apple is taking advantage of the monopoly abuse lawsuit filed against Qualcomm by the US Federal Trade Commission, to pave the way for other mobile chipset makers, in order to forge more deals. Analyst Patrick Moorhead said he believes Apple “is not comfortable in feeling that they have only one [chipset] source and are taking this opportunity to go after Qualcomm.”

Read more: Qualcomm fires back at Apple’s monopoly abuse accusations

The Chinese government is set to open the telecoms industry to private investment as part of its efforts to improve the country's internet service '“ which it has identified as a key driver of economic growth. A notice from the Central Committee and the State Council stated that the government would be given a free rein to telecoms companies in the development of the internet.

Read more: China to give free rein to telecoms companies to improve country's internet service

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