Webwire: Jobs go at NSN; Telefonica secures Chinese funds
Nokia Siemens has started negotiating with employees to lay off around 400 of its 6,200 staff in Finland, in its latest streamlining effort.
Telefonica has negotiated a ten-year, $1.2 billion (€921 million) credit facility with China Development Bank and Industrial and Commercial Bank of China.
A 17 year old student from the US, Catherine Wong, has developed a prototype portable electrocardiogram device capable of connecting to mobile phones via Bluetooth, transmitting data via cellular networks and outputting the rhythm of the heartbeat on the handset's screen.
Apple has won a preliminary injunction on Motorola Mobility tablets and smartphones in Germany over patent infringement, however Apple must pay a €25 million bond to enforce the ban.
Huawei and ZTE representatives are struggling to convince US lawmakers that their equipment does not pose a national security threat.
Google denies engaging in misleading or deceptive conduct by allowing advertisers to use their rivals' brand names in the headline of Google search ads that redirect to the sponsors' websites, in testimony to Australia's High Court.
iOS and Android devices are being adopted at the fastest rate of any consumer technology in history, researchers claim.
The UAE's Etisalat plans to sell most of its stake in Indonesia's XL Axiata for as much as $502 million (€385 million). Etisalat invested $440 million in the operator four years ago, as part of its partnership with Malaysia's Axiata.