Weekend papers: Nortel to sell share in joint LG venture

Weekend papers: Nortel to sell share in joint LG venture

The Times

Nortel has confirmed it will sell its controlling stake in LG–Nortel, according to the Financial Times.

Canadian telecommunications equipment manufacturer Nortel, which filed for bankruptcy in January 2008, confirmed last week it would be seeking a buyer for its 50% plus one share in its joint venture with LG Electronics.

The manufacturer will also open up other business, including its core carrier networks unit, which Nokia Siemens has expressed an interest in buying.

Wall Street Journal

Apple’s Steve Jobs has liver transplant

Apple CEO Steve Jobs has had a liver transplant, the Wall Street Journal has claimed.

Despite news of the liver transplant, Apple has said that Jobs will be returning to work on schedule at the end of June, after six months’ medical leave.

Apple refused to comment on the transplant, the manufacturer told the BBC: ‘Steve continues to look forward to returning to Apple at the end of June. There is nothing further to say.’

Jobs’ health has been under the spotlight since he had pancreatic cancer in 2004.

In the face of demands from concerned analysts and shareholders, Apple has stuck to the mantra that Mr Jobs' health was a private matter.

The Times

Nokia Siemens plays part in Iran censorship

Nokia Siemens has come up against a fresh round of criticism for its part in the censorship of Iran.

According to The Times, the joint venture between the Finnish handset manufacturer and the German powerhouse, Siemens, delivered what is know as a ‘monitor centre’ to Irantelecom, Iran’s state-owned telephone company.

The system allows users to tap phones, read emails and survey electronic data on communications networks.

A spokesperson for the company said the technology was ‘lawfully sold intercept functionality’.

Written by Mobile Today
Mobile Today


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