Webwire: Telefonica layoffs cost billions; MS snaps up Sony domains

Telefonica's plan to lay off 20% of its Spanish workforce – or around 6,500 employees – will cost it an estimated €2.7 billion.
Microsoft's purchase of domain names microsoft-sony.com and sony-microsoft.com has sparked rumors Sony Ericsson is planning to launch a Windows Phone 7 device.
Baidu captured over three quarters of China's 4.3 billion yuan (€473 million) search market in Q2.
South Africa's MTN is preparing to trial a 100-site LTE network, in co-operation with Huawei and Ericsson, with an eye toward a commercial roll-out in two to three years.
Google said a request for the deposition of CEO Larry Page in a lawsuit over Android's alleged infringement of Oracle patents represents a “harassing demand,” and will fight the motion.
HTC plans to appeal a US ITC ruling that it violates two Apple patents. HTC’s rival lodged a complaint covering ten patents in 2010.
An iOS update Apple released to plug a security hole has been jailbroken within a matter of days.

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