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Nokia, Oi to launch IoT lab in Brazil

nikiaoi

BRASILIA: Nokia Networks and Portugal Telecom-owned mobile operator Oi will partner in the development of Internet of Things (IoT) projects in Brazil. Both companies will be working jointly on initiatives focused on LTE-M technologies (a 4G specification developed for machine connectivity), at a facility to be launched in the first quarter of 2016 in Rio de Janeiro. The companies have ... Read More »

Finnish Nokia gains profits in Q2, core business recovers

Nokia

HELSINKI: Nokia achieved an increased turnover and made a remarkable profit during the second quarter of 2015, the Finnish network technologies company said on Thursday. Compared with the same period in 2014, the 2015 April-June turnover stood at 3.2 billion euros, which was an increase of 9 percent. The profit was now 352 million euros, whereas in 2014 it had ... Read More »

German premium carmakers agree to buy digital Nokia Here

Nokia

BERLIN: Three German premium carmakers on Monday agreed to buy Nokia Here, a digital mapping business, for €2.8bn to secure their future in the era of driverless and connected cars and head off a challenge from Silicon Valley. Putting aside their decades-old rivalry Volkswagen’s Audi unit, BMW and Daimler said they would acquire the Finnish group’s high-definition map and location-service ... Read More »

Nokia looks partners to return to cell-phone market

nokia

HELSINKI: Nokia is preparing to make a return to the cell-phone market, its chief executive officer, Rajeev Suri, told the German newspaper Manager in an interview. Suri said the company is currently looking for partners in this regard. Nokia sold its mobile handset business to Microsoft in 2013. It was agreed during the deal that Nokia should not return to ... Read More »

Nokia Tyres employees charged with leaking secrets

nokia tyre

HELSINKI: According to district prosecutor Matti Jakosuo, the case entails “several millions” in proceeds gained illegally. “I am not going into details at this stage,” Jakosuo said. According to the prosecutor, Nokia Tyres dismissed several employees in product and product development tasks in 2010-2011. They set up a new company offering tyre development services. The prosecutor revealed that tens of ... Read More »

Nokia looks partners to return to cell-phone market

nokia

HELSINKI: Nokia is preparing to make a return to the cell-phone market, its chief executive officer, Rajeev Suri, told the German newspaper Manager in an interview. Suri said the company is currently looking for partners in this regard. Nokia sold its mobile handset business to Microsoft in 2013. It was agreed during the deal that Nokia should not return to ... Read More »

Finland’s Nokia to cut 70 jobs

nokia

HELSINKI: Finish Nokia is set to initiate statutory negotiations which could see up to 70 employees lose their jobs. The negotiations will concern Nokia Technologies unit. Riitta Mård from Nokia media relations estimates the final redundancies to remain clearly below the stated maximum number. Nokia Technologies employs 650 people of which about 400 work in Finland. In Finland, Nokia Technologies ... Read More »

Nokia, Microsoft infringe patents says US judge

Photo illustration shows a man silhouetted against a video screen with the Microsoft logo in the background as he poses with a Nokia Lumia 820 smartphone in Zenica

NEW YORK: Administrative Law Judge Theodore Essex of the U.S. International Trade Commission ruled on Monday that Nokia and Microsoft Mobile products infringed two patents held by R&D Company InterDigital. Essex’s decision is preliminary and will be reviewed by the full commission, which is expected to announce its final ruling on Aug. 28. The final ruling could lead to a ... Read More »

Finland’s Nokia to protect jobs in France after takeover of Alcatel-Lucent

NOKIA

PARIS: Finland’s Nokia has defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent, and suggested future job cuts could focus on countries other than the two home bases. Nokia has pledged not to cut French jobs for two years after the closure of the deal, beyond what Alcatel had already planned. “When you do deals ... Read More »

Finland’s Nokia to protect jobs in France after takeover of Alcatel-Lucent

NOKIA

PARIS: Finland’s Nokia has defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent, and suggested future job cuts could focus on countries other than the two home bases. Nokia has pledged not to cut French jobs for two years after the closure of the deal, beyond what Alcatel had already planned. “When you do deals ... Read More »

Nokia Confirms 15.6b deal with Alcatel-Lucent on Wednesday

NOKIA

HELSINKI: Nokia confirmed to acquire French Rival Alcatel-Lucent in a 15.6billion euro all share deal and said that exploring the sale of its mapping and location unit. The takeover is significant also in France, as evidenced by the fact that the chief executives of both companies presented its details to François Hollande, the President of France, on Tuesday. Nokia may ... Read More »

Finland’s Nokia to protect jobs in France after takeover of Alcatel-Lucent

nokia

PARIS: Finland’s Nokia has defended its commitment to protect jobs in France following its planned takeover of Alcatel-Lucent, and suggested future job cuts could focus on countries other than the two home bases. Nokia has pledged not to cut French jobs for two years after the closure of the deal, beyond what Alcatel had already planned. “When you do deals ... Read More »

Nokia agrees to buy Alcatel-Lucent SA in all-stock deal valued at 15.6 billion euros

nokia-company

BERLIN: Nokia Oyj agreed to buy Alcatel-Lucent SA in an all-stock deal valued at 15.6 billion euros ($16.6 billion) to create the world’s largest supplier of equipment that powers mobile-phone networks. Nokia’s biggest-ever acquisition would result in a vendor that surpasses Ericsson AB and Huawei Technologies Co. in wireless-infrastructure revenue. Nokia Chief Executive Officer Rajeev Suri, who will run the ... Read More »

Finnish Nokia shares decline by 7% on the Helsinki Stock Exchange

nokia

HELSINKI: The value of Nokia shares declined by 7% on the Helsinki Stock Exchange recent week following the announcement of talks with Alcatel-Lucent over possible buyout, whereas the stock of Alcatel-Lucent rose by over 13 percent in Paris. Nokia confirmed on Tuesday that it was negotiating a takeover of Alcatel-Lucent, which, if successful, would be carried out through a public offer ... Read More »

Vodafone decision alleviate tax worries for Shell and others caught in similar disputes

vodafone-decision-eases-tax-worries-for-shell-others

MUMBAI: India’s decision to drop a tax dispute with Vodafone Group Plc is likely to mean relief for Royal Dutch Shell PLC and others caught in similar, protracted battles, as the government tries to attract much-needed foreign investment. India’s image as an investment destination has been tarnished by a reputation for red tape, unpredictable rules and a tax office long ... Read More »

With android tablet, Nokia marks returns to consumer market

nokia_n1_03

Probably the biggest news in the mobile world this belonged to Nokia. Following the sale of its devices and services section to Microsoft, the Finnish company was left with three major departments (Mapping, Networking, and R&D). Which made the reveal of an Android powered tablet at this week’s Slush Conference all the more surprising. This is the first of presumably ... Read More »

Apple’s iPhone 7 to have glasses-free 3D display in 2015

iPhone

NEW YORK: American IT giant Apple may deploy next-gen of it’s iPhone device having a glasses-free 3D screen in 2015. The company already has several 3D patents and may be gearing up to introduce the technology for the iPhone 7. While consumers are having a not-so-easy time procuring the latest iPhone 6, rumors pertaining to its successor, iPhone 7, are ... Read More »

Samsung overseas ownership reaches 8-year high

Samsung-vs-Apple

SEOUL: Latest data showed that overseas ownership of Samsung Electronics Co climbed 8-year high in South Korean tech giant. According to data released on Sunday, as of Friday, overseas investors held 52.33 percent of the top-cap company on the local bourse, the highest proportion since June 13, 2006, according to data from the Korea Exchange and financial sources. Last month, ... Read More »

Huawei announces Smart Phones for Pakistani writers

huwei

LAHORE: Huawei Pakistan has announced to award Smart Phones to Pakistani writers in a blogger event organised  in Lahore. Huawei Pakistan organized an event last week in which they introduced its two successors  Ascend Mate and Honor series. Both the phones are highly specified smart phone with much powerful octa-core processors. The smart phone features are almost same but Ascend ... Read More »

No more Nokia, now call it Microsoft Lumia

Nokia

NEW YORK: After Microsoft’s 2013 acquisition of the Finnish group Nokia, its name will soon be replaced by Microsoft Lumia. “We are about to become Microsoft Lumia,” the company announced on Facebook. The Nokia will continue its work as Nokia Networks, which focuses on networking, mapping and telecommunications infrastructure. Nonetheless, the disappearance of Nokia as a phone brand marks the ... Read More »