Ericsson released a statement on January 16 noting that it will book SEK 14.2 billion (US$ 1.77 billion) in write-downs in its Q4 2017 financial results. The write-downs, Ericsson said, are related to the company’s Digital Services and Other divisions, in addition to an SEK 1 billion charge related to tax changes in the United States.

Read more: Ericsson’s financial situation deepens with $1.8bn write-down

Chinese electronics and software company Xiaomi has reportedly signed on bankers to support an expected initial public offering (IPO) which could value the company at $100 billion, Bloomberg said. Goldman Sachs and Morgan Stanely have been selected by Xiaomi, with Credit Suisse and Deutsche Bank playing a role, the report speculates.

Read more: Xiaomi plans to go public

North Korea’s only 3G network provider, Egypt’s Orascom, froze operations in the hermit kingdom last month, cutting off some 3.5 million people connected to its local Koryolink services. According to a report by Newsis, citing Japanese intelligence sources, Orascom is pulling out of North Korea due to the regime’s continuous nuclear missile provocations.

Read more: North Korea’s only 3G provider freezes operations

An important technology milestone based on the newly-approved NSA 5G NR (New Radio) standard has been achieved by a group of mobile communications companies. Ericsson and Qualcomm Technologies, in collaboration with AT&T, NTT DOCOMO, Orange, SK Telecom, Sprint, Telstra, T-Mobile US, Verizon, and Vodafone, showcased 3GPP-compliant 5G NR multi-vendor interoperability during live demonstrations held in both the Ericsson Lab in Kista, Sweden and the Qualcomm Research lab in New Jersey, USA.

Read more: Qualcomm and Ericsson lead 5G NR multi-vendor interoperability showcase

Japanese conglomerate SoftBank Group has moved swiftly to cool down speculation over reports claiming it is preparing to list its mobile unit on the stock exchange in Tokyo. Speculation has become so rife the company was forced to issue a statement concerning the potential IPO listing. In the statement released to the press, it reiterated that no decision has been formally made to officially proceed with the IPO listing of its mobile unit.

Read more: Japanese conglomerate moves to play down IPO speculation over mobile unit

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