Nokia taps $2B in funding from Microsoft; ZTE Grand Memo may be first to bring TD-LTE to China

Quick news from around the Web.

@FierceWireless: Apple's iOS 7 release likely to be the most impactful iOS update yet. Article via @gigaom[email protected]

> Nokia will obtain close to $2 billion in bond financing from Microsoft. Article

> Microsoft is reportedly pushing its phone, Xbox and PC units closer together as part of its previously announced reorganization. Article

> According to Bloomberg, ZTE's Grand Memo will be the first TD-LTE smartphone to go on sale in China. Article

> Qualcomm announced an agreement with Formula E Holdings (FEH) to become an Official Founding Partner of the FIA Formula E Championship. Post

Mobile Content News

> Facebook-owned photo sharing application Instagram said more than 150 million users worldwide now capture and share moments each month using its service, and the company will begin selling advertisements within the next year. Article

> BlackBerry submitted to Apple its cross-platform Messenger chat application for Apple's iOS more than two weeks ago and still has not received approval from App Store reviewers, 9to5Mac reports. Article

Broadband Wireless News

> Ericsson, which was slapped with a preliminary injunction back in March over its sale of EV-DO hardware that was allegedly based on designs from Airvana Network Solution, has bought Airvana's EV-DO business. Article

> WiGig is nearly ready for primetime as evidenced by the Wi-Fi Alliance's new certification program. Article

European Wireless News

> Egyptian billionaire Naguib Sawiris has been circling the Italian telecoms market in recent months, and fresh reports suggest he is again in touch with Telecom Italia, even though previous efforts to buy the incumbent have failed. Article

> Telefónica has selected Alcatel-Lucent and Ericsson as its network vendors for LTE service in Spain and said it is rolling out an integrated LTE and fiber optic network across the country, with LTE services set to be launched in some cities in the coming days. Article

> Nokia and Vodafone: Bad deals for Europe? Editor's Corner

And finally… People are already lining up to buy Apple's new iPhone. Article