Newsgopher

Newsgopher searches out the latest press releases so you do not have to. We call him a gopher, but he is really a Richardson's Ground Squirrel (Spermophilus richardsonii).

Sky Brazil will use WeDo’s RAID software to assure the migration of customer tariff data to Sky’s new billing system. The price was not disclosed. Sky Brazil is reportedly the largest direct-to-home cable and satellite TV provider in Brazil, with 17 million viewers. You can find the press release here.

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Ethio Telecom, the monopoly telecom provider in Ethiopia, has purchased Subex’s ROC revenue assurance solution following a competitive tender. Subex will implement their software in partnership with Softpro International Limited of Mauritius. See Subex’s press release for more details.

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Subex, the Indian business assurance vendor, received bad news when the Karnataka High Court upheld a decision to remove tax exemptions previously given to businesses operating in the country’s Special Economic Zones (SEZs). The court dismissed Subex’s petition in the process of making its judgement. For more, see here. The effect of the tax change is reported to be the…

…imposition of 18.5 per cent minimum alternate tax (MAT) on the book profits of SEZ units with effect from April 1, 2011, besides imposing dividend distribution tax with effect from June 1, 2011.

Indian business taxes are fiendishly complicated, and the interpretation and application of Indian tax law is notoriously unpredictable, as has been highlighted by a string major tax cases, including cases that involved telecoms giants Vodafone and Nokia. An earlier survey showed the imposition of MAT on SEZs has made India less attractive as an investment destination. This ruling adds to Subex’s tax woes, who are separately disputing demands for USD6.6mn in back taxes and related penalties.

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Xintec, the Irish business assurance software house, has sold their RAevolution 3.0 suite to Tango, an alternative CSP in Luxembourg. The price was not disclosed. Xintec aims to make headway in the saturated business assurance market by targeting smaller, underserved telcos. Tango currently has 273,000 customers. You can read the press release here.

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Xinhua has reported the discovery of a trojan that has infected over one million Android smartphones in China. For an English translation of the original story, see here.

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