Japan-based IT and telecoms business SoftBank has agreed a deal that’ll see it owning around 70% of US mobile operator Sprint.
SoftBank will invest $20.1 billion, with shareholders receiving $12.1 billion and $8 billion being used as new capital.
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A new report from Pyramid Research expects worldwide 4G LTE handset sales to reach 490.5 million in 2017, which is a compound annual growth rate of 73% over this year’s predicted figures.
It means LTE handsets will account for 20.7% of all handset sales in five years’ time.
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LG Electronics has formally announced the Optimus G, a new smartphone that’s the first 4G LTE device to use Qualcomm’s Snapdragon S4 Pro 1.5GHz quad-core processor.
The LG Optimus G has a 4.7-inch WXGA display, a 13-megapixel camera and a 2,100mAh battery. It runs Android v4.0 and is equipped with NFC connectivity
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Sony Mobile Communications AB says it’s relocating its corporate headquarters from the Swedish city of Lund to Tokyo in October this year; a decision that will see around 15% of staff - approximately 1,000 people - losing their jobs by the end of March 2014.
Lund will remain as a key Sony Mobile site with a new focus on software and application development.
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Sony Computer Entertainment says it’ll start the full-scale launch of PlayStation Mobile in the autumn.
The service, previously named PlayStation Suite, will bring Sony PlayStation games to a variety of mobile devices. This initial launch will include Australia, Canada, France, Germany, Italy, Japan, Spain, the UK and the USA.
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