M&A, IP, Patents The merger between Orange Spain and MasMovil to create MasOrange will lead to 650 job cuts, fewer than the 795 originally proposed, according to Spanish newspaper El Economista. UScellular will sell $1 billion in spectrum licenses to Verizon. These are assets which UScellular is not selling to T-Mobile as part of a deal agreed in May. The US’ fourth largest operator will sell its customer base, retail stores and some spectrum licenses to T-Mobile for around $4.4 billion. The T-Mobile deal is expected to close in mid-2025. Financials Nokia reported a drop in net sales of 8% to €4.33 billion ($4.70 billion) in the third quarter, missing analysts estimates because of lower demand from India. Shares dropped…