Tokyo-based Renesas Electronics is buying Nokia's wireless modem business for around $200 million. It's the latest development in an ongoing partnership between the two companies. In addition, Nokia and Renesas say they'll work together on developing modem technologies for HSPA+/LTE technology.
The deal is expected to be concluded towards the end of this year.
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The time to transfer a mobile phone number to a new network will be cut to just one working day next year. UK regulator Ofcom says new consumer regulations will come into force on 11th April 2011, halving the current two-day maximum to a single day.
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Online electronics retailer eXpansys plc, which has Peter Jones CBE as its major shareholder and Deputy Chairman, says it plans to acquire two other Jones-controlled businesses to "build a global online technology superstore".
Data Select Network Solutions distributes SIM cards for mobile networks and MVNOs, while PJ Media is a web design and online marketing company. The total deal is worth £49 million and is subject to the approval of shareholders at an EGM on 23rd July.
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