Ericsson gave its investors something to cheer about as a positive combination of market trends helped it exceed third-quarter financial expectations. Its share price jumped nearly 6 percent as it reported revenues of 47.5 billion Swedish kronor (US$7.1 billion) and net income of SEK3.6 billion ($539 million). (See Stars Align for Ericsson's Q3 and Ericsson Reports Q3.)
Happy days at UK giant BT... The High Court has taken some financial heat off the telco by ruling that the British government must guarantee to make good any deficit in BT's pension fund if it ever went bust, reports The Daily Telegraph. (See Euronews: July 14.)
In terms of actually doing things, BT has officially launched its smart grid consortium, dubbed SmartReach, in partnership with with radio and satellite specialist Arqiva and data management company Detica. (See BT Launches Smart Grid Consortium.)
Get in line, Euronerds: Windows 7 mobile phones go on sale in Europe today, reports The Guardian. The US has to wait until November 8. Like they say, everything the US gets, Europe gets first...
Indian service delivery and applications server specialist IMImobile is setting its sights on Europe now that it has completed its takeover of UK-based mobile advertising firm WIN plc . (See IMImobile Buys WIN.)