Author: Kavit Majithia

UK-based smartphone maker Bullitt Group folded after a critical planned restructuring failed, a development coming three weeks after UK media reported the company was on the brink of insolvency.

The post Bullitt Group hits the skids appeared first on Mobile World Live.

Ericsson announced a second round of its climate commitments had been approved by the Science Based Targets Initiative after the vendor met initial goals, as it makes progress with Net Zero ambitions.

The post Ericsson moves to next stage of climate targets appeared first on Mobile World Live.

Telia declared it would book non-cash impairments amounting to SEK4.1 billion ($360 million), which includes a SEK900 million charge on its TV and media business, as a Swedish magazine reported it had begun a process to sell an asset in the segment.

The post Telia warns of write-downs as talks begin on TV sale appeared first on Mobile World Live.

Ericsson CEO Borje Ekholm used the company’s latest earnings release to caution of further market decline outside China in 2024, with uncertainties of 2023 expected to continue, while bemoaning current unsustainably-low operator investment levels.

The post Ericsson warns low operator 5G spend is not sustainable appeared first on Mobile World Live.

Telefonica increased its stake in its German subsidiary to 93.1 per cent during a public tender offer to shareholders, spending around €1.5 billion in cash.

The post Telefonica nears full ownership of German unit appeared first on Mobile World Live.

Huawei reportedly indicated plans to drop support for Android apps in the latest version of its HarmonyOS, which is scheduled to roll out on its smartphones in late 2024.

The post Huawei to break free from Android appeared first on Mobile World Live.

The Dutch government presented its vision for generative AI, pledging to invest more than €200 million to foster local investment while throwing its support behind provisional European Union (EU) AI Act legislation.

The post Netherlands backs EU AI Act in €200M action plan appeared first on Mobile World Live.

Meta Platforms former COO Sheryl Sandberg announced plans to step down from the company’s board after her term ends in May, ending a 12-year tenure.

The post Former Meta Platforms COO to quit board appeared first on Mobile World Live.

Finnish vendor Nokia outlined plans to invest €360 million in software, hardware and chip design in Germany, a move it claims will advance Europe’s competitiveness in the field of microelectronics for technologies including 6G and AI.

The post Nokia looks to AI, 6G with Germany investment appeared first on Mobile World Live.

Quanxin Wang, GM of Xiaomi Western Europe, told Mobile World Live it set sights on growth in the UK and Germany following success in establishing its brand in Spain.

The post Xiaomi banks on new OS to fuel Europe ambitions appeared first on Mobile World Live.