Stephen Elop

During the economic crisis, the state asset hyperfund seemed like the perfect solution for ridding Greek taxpayers of the burden of a public sector that had been proven time and again to be a terrible business manager. Developments since have not vindicated that optimism.

Network infrastructure and 5G technology provider Nokia has signed a new long-term patent license agreement with Apple to replace the current deal between the two companies that is set to expire at the end of 2023.

Facebook has announced that it has suspended tens of thousands of apps because of the potential risk of privacy for its users after millions of apps have been scrutinized internally, AFP reported.

About 100 Bulgarians work for the technology giant Microsoft at the headquarters of the company in the US.

Microsoft announced plans July 8 to cut 7,800 jobs along with a reorganization of its Windows Phone unit which has struggled in the mobile market.

The move represents the second major round of layoffs in a year for Microsoft, which cut some 18,000 jobs a year ago as part of its effort to integrate the Nokia handset division.

Nokia has struck a 15.6 billion euro deal to buy its rival Alcatel-Lucent to create the world's biggest supplier of mobile phone network equipment, both companies said April 15.
     
The Finnish telecom giant has agreed to give shareholders in its Franco-American rival 0.55 shares in the new merged company for every one of their own.