Jan 16, 2013 (AME Info - McClatchy-Tribune Information Services via COMTEX) --
BATELCO SHAREHOLDERS APPROVE CWC ACQUISITION: Bahrain's Batelco has said its shareholders have approved its acquisition of the various companies from Cable & Wireless Communications (CWC) that comprise its Monaco and Islands Division, Gulf Daily News has reported. The acquisition deal includes the entire CWC interest in the Maldives, Channel Islands and Isle of Man, the Seychelles, South Atlantic and Diego Garcia as well as a 25 percent shareholding in Compagnie Monagesque de Communications SAM (CMC), which holds CWC's 55 percent interest in Monaco Telecom. In addition, Batelco and CWC have entered into put and call arrangements in relation to CWC's remaining 75 percent interest in CMC, allowing Batelco to acquire a controlling interest in Monaco Telecom, in line with certain previously announced terms and conditions.
APPLE'S CHIEF SAYS COMPANY SHOULD RETHINK SUPPLY CHAIN: The chief executive of Apple Inc., John Sculley has said the company needs to overhaul its supply chain to meet demand for cheaper smartphones in emerging markets, Bloomberg has reported. As the market for handsets including Apple's iPhone gets saturated in developed regions such as the US and Europe, the company will increasingly depend on growth in emerging markets, including India, Sculley said. "Apple needs to adapt to a very different world," Sculley said. "As we go from $500 smartphones to even as low, for some companies, as $100 for a smartphone, you've got to dramatically rethink the supply chain and how you can make these products and do it profitably."
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