The billionaire investor, Carl Icahn, will buy $2bn (£1.02bn) of Motorola stock, the world’s second largest mobile manufacturer said Thursday. Icahn has been associated with Motorola since his comments in January about the company’s stock being undervalued. He also suggested Motorola reward investors with bigger paybacks, seen by some as a slight to Ed Zander, […]
Swedish equipment manufacturer Ericsson, said Tuesday that it had signed a three year GSM etension contract with IDEA Cellular of India. In a statement, Ericsson said it will provide microwave transmission and softswitch technology. No financial details of the deal were revealed. In the statement, Ericsson said the network would be built in Maharashtra, Gujarat, […]
Staff at Nokia in Finland are staging a strike Friday in protest at the company’s recent layoffs, according to the Reuters news agency. The world’s leading mobile manufacturer, which is based in the Scandinavian territory, said last week that it intends to axe up to 700 jobs, with at least 340 from its home country. […]
Motorola on Monday unveiled its plans to turn around recent “disappointment”, with its ebullient CEO, Ed Zander pedaling onto the CES stage in Las Vegas, on a yellow bicycle – apparently an example of “expense controls”. The world’s No. 2 handset maker vowed to improve media services on its phones and announced partnerships with internet […]
