LG Group, which has already hired 13,000 employees this year, will add 4,000 more by the end of the year. Around 25% of new employees will be R&D staff tasked with attempting to find a competitive edge against its rivals.
Motorola's biggest shareholder, Carl Icahn, is pressing the company to profit from its extensive patent portfolio, hinting at though not explicitly suggesting a patent sale.
Apple will pay $2.6 billion of the $4.5 billion consortium bid for Nortel's patent portfolio, the company disclosed.
Verizon reported a swing back to a second-quarter profit of $1.6 billion, and revealed that president Lowell McAdam will formally take over from Ivan Seidenberg as CEO on August 1.
France Telecom has signed an agreement with rival Free that will allow the latter to access the former's rural FTTH infrastructure, in response to orders from regulator Arcep mandating sharing of new FTTH infrastructure.
Chinese authorities are investigating electronics stores in the city of Kunming after a blogger revealed the existence of an unauthorized Apple store in the city, which copies Apple's own design and layout.
Spain's Telefonica and the UAE's Etisalat will co-operate on procurement, technology and R&D, in a deal expected to help cut costs and help Etisalat better compete against local rival du.
Apple could bid for video streaming venture Hulu to bolster its online video portfolio and complement its Apple TV service, sources said. But Apple has never made such a large acquisition – the purchase price could exceed $2 billion.
- Webwire: Apple dealt loss in Moto suit; FTC said to probe Google+
- Webwire: Apple to pay dividend; China extends Google-Moto probe
- THE WRAP: Apple loses value on Q3 stumble; Nokia swings to loss
- Webwire: Apple profit grows 125%; Vodafone seeks new India partner
- Webwire: MS objects to Nortel auction; Viom shelves IPO plans