Venezuela mandates tight control over Internet; TelstraCorp takes $138M writedown

@FierceTelecom RT @DemNewsVen Count yourself lucky if you're only dealing with the U.S.' net neutrality rules. Venezuela has passed legislation giving the government more control over Web traffic in its borders, including a mandate that all traffic pass through a single, government-controlled hub. Story. | Follow @FierceTelecom

> Executives of managed IT infrastructure services provider Terremark Worldwide will present at the Citi 2011 Global Entertainment, Media and Telecommunications Conference on Tuesday, Jan. 4, at 1:05 pm ET in Phoenix, Az. Investors can listen to the audiocast live.  News release.

> EGPI Firecreek is pretty happy with its newly acquired subsidiary, Terra Telecom, which has seen a strong fourth quarter and a--get this--275 percent increase in revenues over the third quarter. News release.

> Australia's TelstraCorp will take a A$138 million (US$138.3 million) writedown following its recent review of its Asian businesses, Reuters reports, but its guidance remains unchanged. Story.

> Skype, which had kind of a bad day yesterday, is still looking to the future, adding new products and 500 employees next year as it prepares for an IPO, CEO Stephen Bates told Bloomberg recently. Story.

> To refinance about C$1 billion (US$985 million) worth of bonds, Telus Corp. plans to sell floating-rate commercial paper in a gamble that the Bank of Canada won't raise interest rates anytime soon. Story.

> Corning Cable has made a $30,000 donation to the nonprofit organization "charity: water" which ensures clean and safe drinking water for people in developing nations. Story.

And finally... Comcast's merger with NBC Universal isn't going to happen before the end of the year, Broadband DSL Reports writes. Story.

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