Nokia reports $452M loss; LG's operating profit jumps in Q1

Quick news from around the Web.

> FCC Chairman Tom Wheeler will talk about net neutrality during an appearance in Congress on May 20. Article

> The European Union won't fine Motorola and Samsung over patents. Article

> Huawei said it tested LTE Advanced Category 6 technology and reached 300 Mbps peak speeds. Article

> Netflix will pay Verizon for direct access to its network. Article

> Nokia's handset business, which is now under the control of Microsoft, reported a $452 million loss in its final quarter as a stand-alone company. Article

> Amazon opened a dedicated store for wearables. Article

> LG reported a significant rise in first-quarter operating profit, and predicted continued success in its mobile division in the coming quarter based on expected sales of its forthcoming G3 flagship Android smartphone. Article

> Nokia elevated soft-spoken yet intensely competitive Rajeev Suri to its president and CEO position, which was no surprise given his deft handling of the turnaround at the firm's network infrastructure unit, which he has led since 2009. Suri will assume the combined role on May 1. Article

> T-Mobile US announced a new partnership with SFX Entertainment and Syco Entertainment to "produce a pioneering television show revolving around the booming electronic music culture and showcasing and cultivating fresh new EMC DJ/producer talent and creative event production skills." Release

Mobile Developer News

> Being labeled a "featured indie" app or game doesn't help developers. Editor's Corner

> There is a 60 percent chance that consumers who don't use an app again within a week will never use it again, according to a recent study from Localytics. Article

Telecom News

> Iowa Gov. Terry Branstad's proposal to expand broadband services in rural areas suffered a major setback as the state's House of Representatives voted against the bill, reports The Des Moines Register. Article

Cable News

> In what the two parties described as a "first-of-a-kind agreement," the National Cable Television Cooperative (NCTC) has cut a licensing deal with Rovi for its digital terminal adapter (DTA) guide, effectively giving all-digital customers more features for secondary televisions. Article

> Univision CEO Randy Falco is opposed to Comcast's $45.2 billion acquisition of Time Warner Cable because it could harm Hispanic TV viewers. Article

And finally… Domino's Pizza introduced a 3D imaging app for mobile ordering. Article

Suggested Articles

A conclusion to the winding saga that is the T-Mobile/Sprint merger is inching closer, with an antitrust trial slated to start Monday.

The OnePlus 7T Pro 5G McLaren on T-Mobile's 5G network is a nice phone, but is it worth the price of admission?

Ciena delivers IP differently because customers asked. Adaptive IP™ allows you to scale in a simpler and more cost-effective way. Read how here.