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Lenovo closes $2.9B Moto deal

Lenovo has completed the $2.9 billion acquisition of Motorola Mobility from Google, a deal which the Chinese vendor claims pushes it into third spot in the smartphone vendor league table. The deal was first announced in January 2014. Motorola will operate as a …

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Telenor finds ambition hangs on data

A revised cashflow target for 2015 stood out from Telenor’s Q3 results, which also saw revenue hit an all-time high driven by mobile data. The operator said it overstretched with its original NOK28-NOK30 billion ($4.2-$4.5 billion) cashflow target for next year. It …