Nytex

Yahoo reveals new hack affecting more than 1bn users 

The troubled Internet company said someone hacked into its network in August 2013 and stole names, email addresses, phone numbers, dates of birth, hashed passwords, and in some cases, encrypted or unencrypted security questions and answers.

*** Construction on a 20,000km subsea cable running between Marseille and Singapore has been completed, the SEA-ME-WE-5 consortium has announced. SEA-ME-WE-5 (SMW5) connects 16 countries across three continents, offering 100Gbps DWDM technology and capacity of 24Tbps on three fibre pairs.It has been built to deal with bandwidth demand between Europe and Asia that has quadrupled, offering amongst the lowest latency connection across the route, the consortium claims.It has carrier neutral Points of Presence (PoPs) at its main endpoints, located at Marseille, operated by Interxion; Palermo, Sicily Hub and Singapore, operated by Equinix and Global Switch.

--Malaysian telco group Axiata raised $600 million (€565.6 million) by selling neandexisting shares in its towers business Edotco.Axiata agreed to sell $400 million worth of new shares to INCJ, a Japanese public-private investment company, and $200 million worth of existing shares to Khazanah Nasional, Malaysia's sovereign wealth fund.Axiata did not disclose the size of stake in Edotco the shares represent, but said that Axiata will continue to be the majority shareholder.

***India: State-backed operator Mahanagar Telephone Nigam Ltd (MTNL) has reported a net loss of INR7.683 billion (USD114.02 million) for the three months ended 30 September 2016, widening from INR7.180 billion three months earlier and INR7.304 billion in the corresponding period of 2015. The development reverses several periods of gradual improvement for the operator, during which marginal increases in turnover combined with slowly falling costs and expenses had narrowed the operator’s quarterly net losses. During the period under review, however, MTNL registered declines in turnover from both fixed line and mobile services – which fell by 21.6% and 6.4% quarter-on-quarter respectively to INR5.737 billion and INR1.278 billion – whilst expenses grew from INR12.541 billion to INR12.803 billion over the same period. The operator’s expenses included INR6.990 billion in employee benefits and INR656.1 million in licence fees and spectrum charges.

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