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ExclusiveComet expected to go into administration next week

UK electrical retailer Comet is expected to go into administration next week, although the business will continue operating while its administrator considers the available options.

Comet was bought a year ago by investment firm OpCapita.

ExclusivePanasonic and Sharp both forecast annual losses

Panasonic Corporation has reported quarterly and half-year results, with sales down and losses growing despite an increase in operating profit.

Consolidated group sales for the second quarter decreased by 12% year-on-year to 1,823.7 billion yen and the net loss was 698 billion yen compared with a 105.8 billion yen loss in the same quarter a year ago.

ExclusiveConventional mobile base stations now outnumbered by femtocells and other small cell devices

A new report produced by Informa Telecoms & Media and published by the Small Cell Forum shows that the number of ‘small cell’ devices worldwide now exceeds the total number of traditional mobile base stations.

Small cells - femtocells, picocells, metrocells and microcells - are low-power wireless access points that are managed by mobile operators. They can offer mobile coverage in situations where conventional base stations aren’t practical.

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