Cambridge-based Neul, which specialises in producing hardware to support the ‘Internet of Things’, is reported to have been acquired by Huawei.
The deal is said to be worth £15 million.
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Dixons Carphone, EE and Vodafone have all offered roles to a number of staff affected by the closure of Phones 4u stores.
Over 5,500 staff worked for the retailer when it went into administration last week.
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