VENTURE CAPITAL POST

Ericsson and Cisco make a merger-like deal, but really isn't to face rapidly changing global market and earn up to $1 billion for each company by 2018. Fortune reported that European gear mobile communication manufacturer Ericsson and Silicon Valley Internet gear giant Cisco went into a partnership that is focused on future networks that will help manage the cross-selling for the companies' end-to-end portfolio.

A U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones will help mobile rivals like Microsoft make their antitrust case with European regulators should damaging secrets emerge in court.

The Federal Trade Commission in a statement said the US government approved Microsoft Corp.'s acquisition of Nokia's mobile phone business on November 29. The European Union is set to decide on the matter on December 4.

Finland-based tech startup Jolla Ltd announced that it will launch of its first pricey smartphone called Jolla on Nov 27, which is powered by Nokia's obscure MeeGo software.

Google placed an additional EUR450 million in its data center located in Hamina, southeastern Finland.

Details of the new Nokia Lumia phablet was mistakenly posted on a Chinese e-commerce listing.