Telstra to pay rivals

Telstra has agreed to pay $5.1 million to Optus and other rivals after slashing retail high-speed Internet prices.

Nanjing Auto to take 20% of MG Rover

Nanjing Auto Group is in talks with MG Rover and Shanghai Auto to take a 20% stake in the troubled British firm.

Taiwan Cellular to launch 3G services

Taiwan Cellular Corporation plans to launch its third-generation telecom services in the second half of 2005.

Fujitsu sells Fanuc, Advantest shares

Japan's Fujitsu Ltd. sold about $2.02 billion of shares in Fanuc Ltd. and Advantest Corporation to cut debt.

Sino Land buys site at higher price

Sino Land Co. paid a greater-than-expected $233 million in HongKong's first auction of a commercial site in more than three years.

Ryder settles with IRS

Ryder Systems Inc. has resolved an audit dispute with the Internal Revenue Service and will pay $175 million plus interest.

Lufthansa overtakes British Airways

Deutsche Lufthansa AG has overtaken British Airways Plc as Europe's second biggest airline, after the former increased its seat capacity to meet a rebound in demand.

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