Taipei - China Mobile, China's largest cellphone company, signed a strategic alliance agreement with Taiwan's Far East Tone Wednesday, becoming the first Chinese firm to invest in Taiwan's telecommunications business.

The signing ceremony was in Hong Kong, while Far East Tone Chairman Douglas Hsu spoke to reporters in Taiwan via a video link.

Hsu said that China Mobile will pay 17 billion Taiwan dollars (524 million US) to buy 444 million shares of Far East, gaining 12 per cent stake and one board director's seat in Far East Tone.

New Delhi, Apr 29: India''s top mobile operator, Bharti Airtel, sees its current operating margin as sustainable, director Akhil Gupta said on Wednesday.

"I think anything around 40 per cent is pretty decent with this bond. But of course, if you do anything more in terms of converting opex into capex or vice-versa, this ratio can change," said Gupta.

Bharti, which announced its March quarter results earlier, recorded an operating margin of 40.7 per cent in the March quarter.

ABB, a leader in power and automation technologies, has secured substation orders worth Rs 425 crore from Powergrid, Country's largest power distributor, to boost capacity and help improve grid reliability.

The scope of contract includes design, supply, installation and commissioning of 765/400 kilovolt (kV) substations at Agra (Uttar Pradesh), Wardha (Maharashtra), Bilaspur and Seoni (both Madhya Pradesh), and of a 400/220 kV substation at Palakkad (Kerala).

The projects are expected to be completed by mid-2011.

After a delay of nearly one and–a half-year, Diversified group Videocon has finalized May 1 as commercial launch date of its DTH Services.

Giving information regarding latest venture, a company official said, the platform has been named "D2H" and will be offered through its subsidiary Bharat Business Channel Ltd (BBCL), which is a media arm of Videocon Group.

The company with the launch of its service will become sixth DTH operator in the market, along with Dish TV, Tata Sky, Airtel, Big TV and Sun TV.

According to Reuters’ report, the world’s mobile phone bigwig Nokia intends slashing another 450 jobs in its services business, IT support and industry collaboration. The move depicts Nokia’s attempt to reduce costs in the face of the weak demand.

Around 360 workers will be laid off in Nokia’s Internet Services division, as the company folds operations into Ovi Store, which is its content storefront for its May-scheduled mobile devices.