Nokia spotlights India as highlight in Q4 results
Nokia CEO Pekka Lundmark hailed India as a “highlight” in its recent financial results with the company forecasting more growth and market share gains in 2023.
Apple faces antitrust investigation in Brazil
Apple is under investigation by Brazilian antitrust watchdog CADE over allegations that it is violating antitrust laws, by demanding app developers stay in its allegedly restrictive system and processes.
Ericsson sets aside $220m for US DOJ
Ericsson announced that it would put aside SEK2.3 billion (US$220m) as part of a potential resolution with the US Department of Justice (DOJ), regarding its alleged breaches under a deferred prosecution agreement.
Russia announces $1.4bn boost to domestic gear manufacturing
The Russian government revealed four operators have signed contracts to buy over RUB100 billion (US$1.4 billion) worth of domestic telecoms equipment, after Nordic vendors Nokia and Ericsson outlined plans to exit Russia.
Xiaomi cuts 10% of workforce
Chinese smartphone manufacturer Xiaomi has let go of around 10% of its workforce as the company cuts costs in the face of covid-19 outbreaks in China.
