The LCD maker wants to utilize its display experience to create a 3G smartphone, but analysts are skeptical of its chances to knock off Nokia or Samsung.

US telecommunications giant AT&T confirmed that it is acquiring some assets of arc rival Verizon Wireless as part of the regulatory approvals granted to the latter for its purchase of Alltel Wireless.

Investors in Taiwan equities are reaping the benefits of the island's improving relationship with China, which has powered the benchmark Taiex index to a 39% rise since the beginning of 2009.

Alcatel-Lucent on Tuesday said its first-quarter loss widened significantly as operators around the world curbed spending on non-essential upgrades of their networks.