Alcatel rebounded with strong growth that beat estimates. Alcatel-Lucent rode in strong growth and beat analysts' estimates. The struggling telecom equipment maker posted this strong growth for its key US market.

Researchers said that Apple led the South African tablet industry while Samsung trailed at second. Over 1. 4 million units of tablets were purchased by South Africans in a span of three years, said research firm World Wide Worx.

Android posted a massive increase in the latest quarterly report for tablets, while Apple's iOS continued to decline.

Nepal's telecom industry expanded after aggressive importing. According to the Nepal Telecommunications Authority, imports of telecom related equipment almost reached double the amount of last year.

Apple issued a statement in response to Pegatron's claimed labor abuses. Apple responded to claims that its Shanghai-based manufacturer, Pegatron, was involved in labor abuses.

YouBeauty gets a series A-1 funding worth US $8.6 million in a round led by existing investor Countur Venture Partners.

The growth equity firm acquired around 27% of the international music platform's equity stake. Growth equity firm Stripes Group made a considerable minority investment in a London-based international music platform.

A source that was familiar with the discussions on the Teck-Iron Ore deal said that Teck Resources Ltd was among few bidders battling to acquire Rio Tinto Group's controlling stake in the Canada-based firm.

Ericsson bought Canadian form Telcocell. One of the oldest players in the mobile phone industry expanded its internal infrastructure with the acquisition of Telcocell.

Samsung was nearing the completion of its planned purchase of Novaled AG. Samsung Group was reported to be nearing the completion of an acquisition agreement with Novaled AG, a German company that made materials used to light up television screens and smartphones.