Android nets $22B profit for Google; Inwit buyers line up

Wireless news from around the web

> Oracle claimed Google has made $22 billion (€20.2 billion) profit and $31 billion in revenue from its Android operating system. Bloomberg report

> iPhone component supplier Japan Display detailed plans to become a major producer of OLED screens from 2018. Reuters report

> Spain's Cellnex and Italian fund F2i are reportedly part of a consortium seen as the front-runner to buy a 45 per cent stake in the Telecom Italia-controlled Inwit tower unit. Reuters article

> Pharmaceutical group GlaxoSmithKline is reported to be involved in joint venture talks with chipmaker Qualcomm. Reuters article

> The European Commission is set to clear Liberty Global's planned €1.3 billion ($1.4 billion) bid for KPN's Belgian unit Base, sources said. Reuters article

> FreedomPop, a provider of free global mobile data access, raised a further $50 million (€46 million) to fund its international expansion following its UK launch. FreedomPop post

And finally…The smartphone that rocked the cradle. Telegraph article