I did last update to KT via Wifi sync then it down loaded and installed update. When I tried to read a book after up date it would display message box not authorized. Sync with Kobo desktop. I connected KT to net with wifi then sync. After that I could again read books in library. At this time I had more than 2,000 side loaded books on SD card. Didn't take very long to install and get it working.
Make sure it is fully charged before updating firmware is always good idea.
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