Monday, April 28, 2008

Coachella Festival Recap, Prince's House Ninth Annual Coachella Festival Recap. INDIO, Calif. (AP) - By the end of Coachella, over 100 bands had fanned out across five stages, more than 150,000 people had sweltered through the desert heat and at least as many bottles of water had been guzzled. But there was one who rose above all others. Read more! [Starpulse Entertainment News Blog - Music News] 9:13:08 PM

What was least expected Benjamin Disraeli. "What we anticipate seldom occurs; what we least expected generally happens." [Quotes of the Day] 9:03:30 PM

Oligopoloy Watch Oi That's the name of a new company to be formed as Brazilian telephone company Telemar acquires Brazilian landline telecom provider Brasil Telecom. The deal is for $3.5 billion. Oi will control almost two-thirds of the country's land lines and be the #4 mobile phone company. The purchase of Brasil Telecom will add 9 million land customers and 4.6 million mobile subscribers. It will also create local monopolies in some states. The top three cell phone companies are (#1) Vivo, a joint venture Telefonica and Portugal Telecom; (#2) TIM, owned by Telecom Italia; and (#3) Claro (formerly Embratel), owned by Mexico-based America Movil. Some the Oi deal is being supported by the Brazil government to enhance local ownership of telecommunications. The company also has plans to spread its operations abroad. As usual, there are already rumors of further consolidation, this time of the mobile phone operations of Vivo and TIM. [Oligopoly Watch] 7:50:02 AM