Telecoms equipment specialist Ericsson has warned employees in its home country of Sweden that around 1,550 redundancies are planned across all job areas. The move is part of the company’s drive to reduce costs and improve operational effectiveness.

Over 17,700 people are currently employed in Ericsson’s Swedish sites.

It looks as though the market for mobile payments is getting increasingly competitive.

Stockholm-based iZettle, which lets iPhone and iPad users accept payment from ‘chip and PIN’ cards via a plug-in card reader, has just eliminated its fixed transaction fee of 15 Euro cents per transaction. Consumers taking payments on their iOS device now just pay 2.75% of MasterCard, Visa or Diners Club card transactions or 3.75% of American Express transactions.

Video-on-demand service provider Voddler has announced the world’s first movie streaming service for smartphones using Dolby Digital Plus audio. It’s currently available for a number of Nokia Symbian devices and is initially being offered in Sweden, Norway, Denmark and Finland.

Dolby Digital Plus audio offers cinematic surround sound with Voddler’s streamed films.