CenturyLink to credit flood victims' bills; 8x8 sells dedicated server hosting business

More wireline news from across the Web:

@FierceTelecom RT @BTLetsTalk: Compliance burdens for multinational corporations grow daily; how are you handling compliance? Post | Follow @FierceTelecom

> Colorado flood victims will get credits on upcoming CenturyLink phone bills, but some may be required to call customer service for details. Story

> 8x8 sold its dedicated server hosting business to The IRC Company (Black Lotus Communications) for $3 million in cash. Press release

> The European Union's proposed overhaul of telecommunications regulations is a good start, but the executive board chairman of the EU's major telecom lobby believes more must be done to foster investment. Story

> VOIP software developer Mavenir has filed for an IPO under the symbol MVNR. Analyst's note

> Videocon Telecom announced that it's going after a 900 MHz license for Delhi in an upcoming spectrum auction. Story

> Telecom Italia launched a home phone application that transforms smartphones into a cordless home handsets by connecting them to the residential line via fiber optic cable. Story

Cable News

> Comcast recently deployed a "home-grown video infrastructure" called VIPER which it is using to deliver "broadcast-grade" programming to subscribers using TVs, Web browsers, mobile devices and gaming consoles, SVP Sree Kotay wrote in a blog post Monday. Article

Wireless News

> Sprint CTO Stephen Bye said there is no "silver bullet" in terms of what the carrier and its peers are doing to architect their networks to handle increased mobile data. Article

And finally … With cash burning a hole in its pocket a month after Verizon bought out its stake in Verizon Wireless for $130 billion, Vodafone is increasing its spending $2.7 billion to up its stake in its Indian arm from 74 percent to 100 percent. Story