Microsoft said it will cut around 7,800 jobs, mostly from its phone business, and record an impairment charge of around $7.6 billion related to its purchase of Nokia's devices and services business. The layoffs and restructuring charges are the latest indication that Microsoft has not been able to gain traction in the smartphone market following its $7.2 billion deal for Nokia's handset business, which closed in April 2014.
CTIA said that a group of wireless carriers and smartphone makers had implemented a set of voluntary principles aimed at stopping smartphone theft. The announcement came just as a California law requiring smartphones sold in the state to have a "kill switch" went into effect.
Ericsson said its second-quarter results will be hit by restructuring costs of around SEK2.5 billion (€271 million/$304 million) as the company continues to implement measures first announced in November 2014 to reduce costs and improve efficiency.
Nokia's HERE division published a specification designed to integrate information from a diverse range of automotive sensors via the cloud, in a move the unit said could improve road safety and ease congestion.
Nokia is still searching for a potential buyer for its HERE mapping and location business, as German car companies, Uber, Chinese search engine Baidu and perhaps even Apple and Facebook jockey with each other to get access to HERE's assets and technology.
The ITU has decided on the term it will use to refer to IMT-2020, and it is, appropriately enough, "IMT-2020," referencing the year in which most industry watchers expect 5G to commercially deploy.
Nokia bosses continued to court a consortium of German car makers over a sale of its HERE navigation business, as a deadline for bids reportedly passed.
Nokia CEO Rajeev Suri confirmed the rumors that have been swirling around the company for a few months, and said that next year the company will re-enter the mobile phone market by licensing its brands and designs.
GreenTouch says it has come up with new tools, technologies and architectures to improve the energy efficiency of communications networks for years to come, including new approaches that can boost energy efficiencies in mobile networks by more than 10,000 times.
Microsoft is reshuffling its leadership team, and devices chief Stephen Elop is leaving the company as part of the shakeup. Elop, a Microsoft executive who had been CEO of Nokia, returned to Microsoft when the software giant completed its acquisition of Nokia's handset business in April 2014.