Another massive deal for Nokia in India – this time with Airtel

Naver Corp, the operator of South Korea’s leading internet portal, says it has plans to establish a Middle Eastern unit in Saudi Arabia within this year as part of efforts to expand its global business.

Ericsson announced it will book a non-cash impairment of SEK11.4 billion (US$1.1 billion) in its Q2 results, blaming cloud unit Vonage which had previously hit the Swedish vendor in the wallet.