Nokia sales growth strengthens in Q3 while restructuring costs weigh on margins, cash flow
Nokia reported solid growth for the third quarter, led by demand for its IP networking products as well as increase in mobile network sales. Total revenues increased 10 percent year-on-year to EUR 5.15 billion and rose 9 percent on an organic basis. Adjusted operating profit jumped 35 percent to EUR 605 million, and Nokia said it was on track to meet its full-year target for a higher margin.
Nokia sales growth strengthens in Q3 while restructuring costs weigh on margins, cash flow
Nokia reported solid growth for the third quarter, led by demand for its IP networking products as well as increase in mobile network sales. Total revenues increased 10 percent year-on-year to EUR 5.15 billion and rose 9 percent on an organic basis. Adjusted operating profit jumped 35 percent to EUR 605 million, and Nokia said it was on track to meet its full-year target for a higher margin.
Meta ordered to pay USD 25 bln to New Mexico for Facebook privacy violations
Meta must pay the US state of New Mexico USD 25 billion after a jury found the company liable for deceiving users about privacy on Facebook. Facebook's deception was intentional and executives consistently misled users about how the platform worked, according to the ruling issued by state district court judge reported by AP.
Meta ordered to pay USD 25 bln to New Mexico for Facebook privacy violations
Meta must pay the US state of New Mexico USD 25 billion after a jury found the company liable for deceiving users about privacy on Facebook. Facebook's deception was intentional and executives consistently misled users about how the platform worked, according to the ruling issued by state district court judge reported by AP.
Apple ordered to open iOS to rival app stores in Australia
Apple must allow rival app distribution channels and alternative in-app payment systems on iOS devices in Australia after the Federal Court ordered changes to its App Store rules, following findings that the company misused its market power. Most of the changes are due to take effect on 1 March 2027, although Apple can seek an extension to 3 May.
Apple ordered to open iOS to rival app stores in Australia
Majdalani named Lenovo LatAm president
Lenovo has appointed Diego Majdalani as senior vice president and president for Latin America, effective 12 October. Majdalani brings more than 25 years of technology industry experience, most recently as president of channels for international markets at Dell Technologies, where he spent 17 years. He succeeds Sergio Buniac, who recently led Lenovo's Latin American operations after a 30-year career at Motorola, a Lenovo Group company.
Majdalani named Lenovo LatAm president
Italy's Ehiweb Mobile launches 5G range on TIM network
Italian MVNO Ehiweb Mobile, a brand of Bologna-based ISP Ehinet, has officially launched its first 5G plans on the Telecom Italia (TIM) network in partnership with Noitel (Retelit) and technical aggregator Plintron. As a result, new and existing customers with compatible phones can now access speeds of up to 2 Gbps (download) and 300 Mbps (upload).
Italy's Ehiweb Mobile launches 5G range on TIM network
Wirepas deploys RF mesh technology on 700,000 smart meters in India's Himachal Pradesh region
Finnish connectivity company Wirepas reports it has deployed its radio-frequency (RF) mesh technology for 700,000 smart meters in India's Himachal Pradesh state, as the state's smart metering rollout has expanded significantly under the Revamped Distribution Sector Scheme (RDSS). Wirepas says its mesh networks allow smart meters to transmit data between one another, routing readings through alternative paths when links are disrupted or obstructed. The system does not require dedicated gateways or SIM cards,
Wirepas deploys RF mesh technology on 700,000 smart meters in India's Himachal Pradesh region
Meta revenues grow 26% in Q3, operating profit falls on legal charges
Meta reported steady growth in revenues in the third quarter, with sales up 26 percent year-on-year to USD 64.6 billion thanks to growth in ad prices as well as volumes. However, operating profit fell 37 percent to USD 13.0 billion after the company set aside USD 9.89 billion for the earlier announced legal settlement with states in the US over child protection. The company's net profit more than tripled, to USD 9.9 billion from USD 2.7 billion a year ago when it took a large writedown on its deferred tax a
Meta revenues grow 26% in Q3, operating profit falls on legal charges
3Business, AWS launch AI Marketplace in Hong Kong
3Business, the corporate brand of Hutchison Telecommunications (Hong Kong) (HTHK), and Amazon Web Services (AWS) have launched the '3Business AI Marketplace'. This AWS-endorsed AI marketplace brings together more than 60 AI solutions from global technology providers. Through a single platform, large enterprises and SMEs can select, adopt and manage AI services for their business needs, while benefiting from billing management, HTHK said.
3Business, AWS launch AI Marketplace in Hong Kong
KDDI and Broadcom test co-packaged optics for AI data centre networks
KDDI and Broadcom have entered a technology partnership to develop lower-power network infrastructure for AI, beginning with joint testing of co-packaged optics (CPO) for GPU networks in AI data centres. The companies will install a CPO switch in a KDDI AI data centre, using Broadcom's Tomahawk 6 Ethernet switching chip and Davisson optical engine modules. Tomahawk 6 has a switching capacity of 102.4 Tbps. Testing will assess power consumption alongside network performance, including packet loss, congestion
KDDI and Broadcom test co-packaged optics for AI data centre networks
Millions of South Korean mobile customers remain without SIM replacements - report
Around 8.86 million SK Telecom (SKT) customers have yet to replace or reset their SIM cards following last year's data breach, while 1.57 million have neither replaced their SIMs nor subscribed to the operator's SIM protection service, according to Newsis, citing government briefings. Data submitted to South Korea's ministry of science and ICT by Lee Joo-hee, a Democratic Party lawmaker on the National Assembly's Science, Technology, Information and Communications Committee, showed that 38 percent of the 23
Millions of South Korean mobile customers remain without SIM replacements - report
Naver Cloud launches free security self-assessment covering AI-related risks
Naver Cloud has launched a free online security self-assessment service to help businesses identify potential weaknesses in their security practices, including risks arising from the use of AI systems. The Naver Cloud Security Self-Assessment site uses a 21-question survey covering seven areas, including network security, access control, and data protection and encryption. A dedicated section examines security in AI environments, extending the assessment beyond traditional infrastructure and data protection
