Microsoft Completes Acquisition of Nokia's Phone Biz
Nokia today announced that it has completed the sale of its handset business to Microsoft. The deal, first announced last September, is valued at $7.2 billion. The companies had to make some last-minute adjustments to the terms of the deal. Notably, Nokia was forced to exclude its manufacturing facilities in Chennai, India and Masan, Korea. Nokia has agreed to use the Chennai facility to manufacture devices for Microsoft as needed, but it will close the Masan facility. Microsoft gains several top Nokia executives, including former Nokia CEO Stephen Elop, Jo Harlow, Juha Putkiranta, Timo Toikkanen, and Chris Weber. Nokia remains committed to its networking business, and Microsoft is now officially a maker of smartphones. Elop will head Microsoft's phone business and said, "At our core, we are passionate about building technology that will change the world. From the early vision of Microsoft of placing a PC in every home and on every desk, to Nokia connecting billions of people through mobile devices, we have empowered generations. We are committed to continuing our support for feature phones, the Asha family, and the Nokia X family of devices." Elop called today's handover the first step in a new, long-term journey.
Sep 21, 2020
Popular Chinese-owned apps WeChat and TikTok narrowly avoided a US government ban on new downloads Sunday night. On Friday, President Trump directed the US Department of Commerce to issue a ban on US companies (including Apple and Google) facilitating downloads of — or updates to — the WeChat and TikTok apps specifically, citing national security concerns.
Jan 19, 2021
Qualcomm today announced the Snapdragon 870, a new high-end chip that sits between the company's flagship chips of last year and this year (the 865 and 888, respectively) in terms of performance. In terms of architecture and features, it's almost identical to least year's 865, including having a separate 5G modem chip.
Feb 24, 2021
The FCC today announced the winners of Auction 107 for radio frequency licenses in the coveted "C-Band". Verizon spent $45.5 billion, well over half the $81.1 billion total spent in the whole auction.
May 17, 2021
AT&T is shedding its WarnerMedia division, which includes HBO, CNN, DC Comics, Warner Brothers, TBS, TNT, and Cartoon Network. In a complex deal, WarnerMedia will leave AT&T and merge with Discovery, Inc., to form a new media company.