Webwire: NSN confirms BSS sale; Alca-Lu targets turnaround
Nokia Siemens has confirmed reports it is selling its BSS unit, and revealed it is also on the hunt for a buyer for its applications business.
Alcatel-Lucent has appointed chief financial officer Paul Tufano to the newly-created position of chief operating officer, and tasked him with overseeing more of the vendor's turnaround efforts.
Huawei is investing £1.3 billion (€1.6 billion) in the UK. The funds will be used to expand an R&D center in the east of England and double its workforce in the nation to 1,000 by 2017.
Facebook chief executive Mark Zuckerberg says the sharp decline in the company's share price since its IPO is “disappointing”, but implies investors are underestimating the firm’s ability to monetize its mobile platform.
Canalys predicts Android will maintain its dominance of the smartphone market through to 2016, with Apple's share remaining stable and Windows Phone making some inroads over this time. But Apple will still have a little under half of the global tablet market by this time, the projections show.
Foxconn is back in the spotlight regarding its labor conditions, over allegations that some student interns are forced to work at the plants by their teachers.