Webwire: Mosaid, Nokia in patent deal; FT eyes M&As in MEA
Patent licensing firm Mosaid has arranged to acquire more than 2,000 patents, many originated by Nokia, via the acquisition of Core Wireless. The deal will see Mosaid pay to enforce the patents in exchange for 30% of the revenue, with Nokia and Microsoft sharing the rest.
France Telecom is evaluating acquisition targets and partnership opportunities in Africa and the Middle East, according to CEO Stephane Richard.
France's Iliad - a broadband provider preparing to launch the nation's fourth mobile network - exceeded analysts' estimates with a 1H net profit of €145 million ($206.9 million), down from €171.4 million a year earlier.
Mexico's antitrust regulator has upheld its original ruling that Telmex holds a dominant position in the nation's fixed phone market, rejecting an appeal by the operator.
The US MPAAorganizedthe AFACT piracy lawsuit against Australia's iiNet but did not want its involvement publicised, and informed the US ambassador that they were concerned it would look like Hollywood bullies attacking a small Australian company, according to a leaked cable published by Wikileaks.
Ericsson hopes to reach a settlement with ZTE over the lawsuits it filed against the vendor in April, alleging GSM and CMDA intellectual property infringement.
Samsung has unveiled a number of new Galaxy products, including a handset that blurs the line between smartphones and tablets with the inclusion of a huge 5.3” screen.
AOL is not in talks to be acquired by another company, despite a fresh round of rumors to the contrary, a source claims.