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Friday, July 16, 2010

Financial Times
NOKIA SIEMENS IN TALKS TO BUY MOTOROLA UNIT
FT reports on its own news source that in a deal that could be worth around USD1.5 billion, Motorola is discussing the sale of its network infrastructure unit to Nokia Siemens Network. Motorola has also held discussions with Huawei but NSN is the frontrunner, according to people familiar with the situation, writes FT.
 
PAY STRIKE HITS NOKIA HANDSET HUB IN INDIA
For the last three days, production of Nokia handsets at the Sriperumbudur factory, its key manufacturing hub in south India, has been severely disrupted due to a pay strike involving over 1,000 workers. Late on Wednesday, Nokia said the matter had been “resolved” after reaching an agreement with local union and government officials. The agreement, however, has not yet been accepted by the workers.
FLIRTOMATIC RAISES GBP5.9 MILLION AS IT LOOKS ABROAD
One of the UK’s most popular Internet services called Flirtomatic is gathering GBP5.9 million in venture capital to facilitate international expansion plans. FT writes that more than 2.5 million people use Flirtomatic to send messages, in a hybrid of social networks such as Twitter and online dating sites like Match.com.

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